(Guest post from Martin (above) of Studenomics. Who I’ve had the pleasure of partying with many a times over the years, even though he makes me feel like an old man each time ;))
Shots, shots, shots!
Sound familiar? Having shots with friends is fun. The night gets silly and the party gets wild. We all love going out with our friends. It gives us something to look forward to. After working hard all week, we can’t help but meet up with friends to have some drinks.
But, what about saving money and all of that other fun stuff? Is there time for it? Does getting wasted get in the way of your other goals?
I’m here to help you out because I know that you want to still keep on going out while you save money and try to get ahead in life. There’s no fun in financial advice that suggests you always stay at home.
“Drunkenness is nothing else but a voluntary madness.” — Seneca
Does going out get in the way of your goals?
It can. It will. Don’t let it.
You can’t let partying affect your goals. That’s your job. There are many pros and cons to having an active social life. Some of my best friends I’ve met over drinks or at random places. I’ve come to notice that lots of business and networking happens after hours in the lounge too.
For example, I recently became friends with a cool dude who happens to be on the World Poker Tour over some drinks. You can meet so many interesting new people and you never know how you can help someone out (or how they can help you). Plus, it’s good for the soul to be around your friends. Life can get lonely if you always stay at home.
On the flip side, drinking is expensive and can get you into a lot of trouble. I imagine that most of us don’t go around screaming or knocking things over when dead sober. Drinking can also take a toll on your health. All internal issues aside, nobody wants a disgusting beer belly.
The truth on drinking is simple: It will hurt your goals. There’s no way around this. You won’t get in better shape or save more money if you continue drinking on a daily basis.
However, if done right, you can go out, get drunk, have a blast, create memories, and then move on without stress about debt or getting fat.
How NOT to screw yourself over
I want you to have fun. I know that you won’t take any financial advice seriously when it suggests that you restrict everything.
So how do you maintain an active social life where you drink, with real life and moving forward?
- Get everything done first. Don’t wait until you’re drunk to get to work. Get things done first. Then go out. Reward yourself. If you party first you won’t get anything done.
- Be proactive. If you know you’re going to get hungover, prepare some Advil and water for yourself when you get home. The more water you drink before bed, the better you will feel the next day.
- ALWAYS TAKE OUT CASH. Don’t ever rely on your credit or debit card for a night out. Pull out cash before the night begins. Set your limit. We all know what happens after a few drinks, we get generous! We buy drinks for the whole bar and we wake up to an insane credit card bill. Don’t let that happen. Hit the ATM before you go out. Take out enough money for drinks and a ride home.
- Limit your going out. Plan it out in advance so that you know what to look forward to. For me, this happens on Wednesday nights. I also try to limit the amount of times that I go out depending on my budget. If I get too carried away with my cash one night, I use the next night to stay in and catch up on work.
- Be the DD. I love being the designated driver. I find that I behave pretty much the same sober vs. being drunk, only with a slightly higher filter. Drive once in a while so your friends can let loose.
- Stay in shape. If you start working out and eating better, you won’t be as tempted to drink so much because you won’t want to miss your workout. If you hate the gym, don’t worry because the world is your gym.
There you have it. That’s how you can still go out for drinks and not feel guilty. There’s no time to feel guilty!
“Always remember, that I have taken more out of alcohol than alcohol has taken out of me.” — Winston Churchill
Guest post from Martin of Studenomics, where he shows you how to save a ton of money without ever missing out on life. (And also how to take “selfies” while at the bar ;))