Don’t Break The Bank With Increased Drinking

With the coronavirus lock-down, have you found yourself drinking more alcohol?

If so, you're not hardly alone. Some articles have put the increase in alcohol purchasing/consumption at up to 40% since the coronavirus hit the US. Whether it's out of boredom, dealing with increased demands at home with trying to keep your kids occupied, or stress from the sobering truths of the pandemic, it's understandable that folks are reaching for this coping mechanism. 

Health consequences aside, I wanted to send out the message that if you want to drink more right now, please do so in a way that least impacts your personal finances. 

Some ideas on how to save money on alcohol spending:

1. Make your own wine or beer at home.

No only is making your own home brew a fun activity to pass the time, it can also save you money if done correctly. If not done correctly, it's unlikely to save much money at all.

For some fun, take a look at this old post I wrote in 2014 about how to make wine for $1 per bottle. Please note that it will be strong, but will not taste that good! 🙂

2. Drop the Beer

My personal opinion is that cheap wine/liquor is more palatable than cheap beer. As such, if I'm going for beer, I reach for the thick craft beer options.

Craft beer aside, what does the cheapest beer cost? Is it about $16 for a 24 pack? That's about on-par from an alcohol equivalency perspective with a $3 bottle of wine.  

3. Cheap Wine Options

It's amazing to me how palatable cheap wines have gotten in the past few years. Just about every major grocery store chain has their bottom-shelf private label wine these days. Even the large boxed wines like Peter Vella and Franzia have gotten decent-tasting.

Below is an unofficial survey of some inexpensive wine options:

  • Franzia or Peter Vella: $18 per 5 L. 
  • Oak Leaf (Wal-Mart): $2.50 per bottle. 
  • Oak Creek (Kroger): $2.99 per bottle. 
  • Three Wishes (Whole Foods / Amazon): $2.99 per bottle. You can even get it delivered right to your door! 
  • Charles Shaw (Trader Joe's): $2.99 per bottle. 

Now, It's Your Turn...

How do you all save money on wine/beer/liquor?


Share your experiences by commenting below! ​

Grocery/Food Pickup and Delivery Services Booming!?

Almost two weeks in of "stay-at-home" mode for our family here. How's everyone doing out there?

We had a spell of family colds last week, but seem to be over the symptoms now. We had running noses, coughing, fatigue, but no fever. We often wondered if the somewhat mild symptoms are actually coronavirus, simply un-diagnosed. Do we really know that you have to have a fever in order to have coronavirus? Only time will tell. Thankfully, the colds only lasted a week, and we're all feeling better now. 

Even though we probably could go to the grocery store, we've been opting to use grocery pickup (preferred) and delivery (if pickup not available) services. We've also been continuing our weekly Chinese or Indian food delivery. 

About every day now, we've been seeing news regarding food and grocery delivery services ramping up staffing needs due to increased usage. Perhaps that is way that some businesses can survive during this downturn? We're sure increasing our use of these services! 

Restaurant Delivery

Overall, the restaurant delivery services seem unchanged, or even maybe a tad more efficient, during this stay-at-home order time. We are very thankful for the men and women who continue to drive for these services. 

We typically use Doordash, Grub Hub, or Uber Eats. I think Doordash is my wife's favorite. If I did choose to do a ride share-type of side gig, I'd probably opt for food delivery since you don't have to actually have customers ride in your car. 🙂

Even in recent weeks, we have been able to order food and get it delivered in the usual one hour or less timing. 

Grocery Delivery

Grocery delivery is an entirely different story / headache / challenge. The support infrastructure with grocery delivery doesn't seem to be equipped for the increased demand currently being experienced (either that, or there is a LOT more demand than restaurant delivery. I guess either would make sense). 

Anyhow, we've so far gotten groceries delivered (a week ago) using Instacart from a personal shopper who got our food from Wegman's. It was good food, and generally everything was available with a moderate amount of substitutions. However, it grocery delivery through Instacart definitely is more expensive. Our last delivery was ~$300 for the amount of groceries we typically get from our traditional in-shop Target run for $200 or less. 

This weekend, being a week longer into the NC stay-at-home order, the grocery pickup and delivery services are obviously more tied up. 

Amazon/Whole Foods delivery: We've tried a couple of times to fill our Whole Foods delivery carts on Amazon. Currently, we haven't had any success of finding an available delivery window. They have some low-priced stuff (like $3 bottles of wine), but Whole Foods is Whole Paycheck after all, and doing a full-on grocery run through Amazon would be a fairly pricey alternative. 

Wal-Mart delivery/pick-up: The best idea we've had so far is to pre-select the majority of our cart/shopping needs during the day, and set an alarm or wake up in the middle of the night (3-5 am) and book a time to pickup or get groceries delivered. My wife did this last night, and we got a delivery scheduled for tomorrow. Unfortunately, they didn't have wine as an option for delivery, so we'll have to buy that separately. 

Now, It's Your Turn...

During the conoravirus, how are you all getting groceries? Found any creative solutions that work well?


Share your experiences by commenting below! ​


My Thoughts on the Recent Coronovirus Stock Market Decrease

According to Google Finance at the time of this writing on 28Mar2020, the S&P500 has decreased 25% from the market peak in mid-February, with the lowest point being a 34% dip going to 23Mar2020.

These are truly the times that test our abilities to stick with our financial plans, both short and long term.

For me personally, this is likely the first true market decline I’ve experienced as a first-hand investor since starting to receive “real paychecks” upon entering the workforce in 2008. As such, it’s a test for me as well.

The Importance of a Reality-Checked Asset Allocation

I’ve written many times on this blog about how having and MAINTAINING a realistic and appropriately-selected asset allocation is one of the most critical parts of personal finance.

There are great sections and tables (some of the key information reproduced below) in Larry Swedroe’s book, “The Only Guide to a Winning Investment Strategy You’ll Ever Need,” that I used close to 10 years ago to select my asset allocation.

Based on my asset allocation of 70% equity / 30% fixed income, I have to be able to tolerate a 30-35% decrease in portfolio value in a single year. In the midst of the current decline, I still feel this is appropriate and tolerable.

With the asset allocation you use, can you tolerate the corresponding possible loss listed below?

Maximum Equity Exposure Maximum Loss
20%……………………………..05%
30%……………………………..10%
40%……………………………..15%
50%……………………………..20%
60%……………………………..25%
70%……………………………..30%
80%……………………………..35%
90%……………………………..40%
100%……………………………..50%

I Fear The Majority of People Are Over-Exposed to Equity and Risk

Based on my personal, family, and financial interactions over the past 10 years, I fear that the reality is that most people invest too much in stocks for their age and investing lifecycle.

One of my pet peeves is that target-date retirement funds (run apparently by “professionals”) seem to overweight to equity.

For example, in my 401k retirement plan at my work, I invest in the Vanguard Target Date 2030 because it delivers my target 70/30 asset allocation split and is the best amongst the choices.

But wait, I am 34 years old. I’m more like 30 years from retirement, not 10 years from retirement as the name suggests.

If I invested in a fund “appropriate” to my age (Vanguard Target Retirement 2050 Fund), they would have me at an asset allocation of 90% stocks, which would be overweighted from my asset allocation determination calculations.

I Intend to Continue “Business-as-Usual” With My Personal Finances

So, what do I intend to do right now? Basically, I just plan to continue running my personal finances/investments as normal.

Since I usually tabulate my net worth each month and re-balance to maintain my asset allocation targets if outside my set banding, I continue to do so in the next few days.

It’s likely that I’ll need to sell some fixed income and buy some stocks….

So, how is everyone feeling right now? Did you all have a well-selected asset allocation?

Writing Is Therapeutic

Here in the Raleigh, North Carolina area, it doesn't look like the lock down from the coronavirus is going away anytime soon. Yesterday, the NC governor issued a stay-at-home order running until April 30th. This was on top of the Wake County stay-at-home order/timeline through April 15th. 

These are truly the best of times and the worst of times. It's the best of times because I am thankful to have stable employment, good family health, and a lot more time at home with my family. It's the worst of times, well, for the obvious public health reasons, and because we need to stay at home to restrict disease vector spreading.

We're all feeling the "squeeze" in our own unique ways. People that live by themselves are going crazy because they feel alone without other human interactions. On the other end of the spectrum, families like mine with two young kids at home are finding it hard to have quiet time to ourselves for work or other purposes. 

I saw a very good video the other day where former astronaut, Scott Kelly, was giving advice to folks on how to get through this difficult time

Along with several other great suggestions (regular exercise, connecting with old friends), one that I really liked was picking up a new hobby or pick up an old one.

For the past few years due to my career/"day-job" and having two children, I haven't had the time to personally write much on this blog. However, it's one of the things about blogging from which I get the a lot of satisfaction. It's a nice creative outlet. 

As such, maybe one of my goals for this stay-at-home stretch will be to do more "raw" writing here, without worrying necessarily about formatting, advertising, SEO, networking, etc. Let's see how it goes!

Now, It's Your Turn...

So, how about you all? What steps are you taking to cope with these challenging times?

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