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View Poll Results: Did your personal finances get better or worse after you quit drinking?
Worse
5
4.39%
Better
109
95.61%
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Finances and Alcohol

Old 09-18-2014, 05:11 AM
  # 1 (permalink)  
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Finances and Alcohol

For people with a a few months of sobriety or more:

Did your personal finacial situation get better or worse after you quit drinking?
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Old 09-18-2014, 05:14 AM
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I dont see how it could get worse tbh
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Old 09-18-2014, 05:15 AM
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Well, I lost a $200K+/year career, so I would say worse, BUT everything else got SO. MUCH. BETTER. I will never be well-off or even have a career like that again, but I am happy and free from the fear of financial insecurity. I have food on the table and a place to sleep. Life is pretty darn good I would say.
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Old 09-18-2014, 05:18 AM
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Originally Posted by soberwolf View Post
I dont see how it could get worse tbh
Perhaps that happens when we become responsible for past debts.

BE WELL
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Old 09-18-2014, 05:31 AM
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One of the best exercises my sponsor did with me when I was getting sober was he had me write down on paper how much, and exactly what I drank in an average week. We then put a dollar amount on it, and good lord was I wasting a lot of money! One of the ironies of being addicted is that while we are in constant fear of losing money, how much money we have, or making more money etc., we are bleeding cash every day feeding the addiction.

Course if it made sense it wouldn't be an addiction.

The escape from fear of economic insecurity is one of the AA promises that comes and goes for me, depending on where my head is at on a given day. But I have come to realize that in fact everyone lives with this - it's just life, and as an active alcoholic I lacked many of the life skills needed to shore up relative security and was unable to count what I had as blessings. Now, although sometimes that fear does creep in again (which is all too human) I pray for help on that and try to really scrutinize the fear. Usually when I do that I find I am focused on the negative or looking into an improbable future that usually doesn't happen as I thought it would.

Since getting sober, I have yet to go a day when my NEEDS weren't met. Plenty of days when my WANTS weren't met though
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Old 09-18-2014, 05:33 AM
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Much better and quite quickly x
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Old 09-18-2014, 05:52 AM
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Technically, my finances got worse because prior to becoming sober I quit my good paying but life-sucking job. And then I got an opportunity to turn my life-focus inside, to my true goals.

And thanks to sobriety last year I finally was able to get to resolving my real estate issues (long story involving deep wounds and family drama behind the "real estate facade", so in order to buy my own apartment I had to borrow money.

So, in financial terms i am in deeper debt now. But I consider it as a step back required to be able to move forward in the right direction.

And what is more important - I am having my life back. And money - they will eventually fall in its place, I believe)
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Old 09-18-2014, 06:06 AM
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Mine got better, not so much due to some $$$$ figure or number........ i found booze was pretty cheap all things considered, maybe cost me a max of $150 a month as i stuck mostly to the cheap stuff. I didn't really get into the more expensive stuff or "hard" liquor until towards the last year.

I would say the biggest thing getting sober did for me is clearing out the mental fog and mental laziness that being impaired/drunk causes. When you are drinking it is incredibly easy to put off things since you are artificially happy and content......... suddenly "i'll take care of this right away!" becomes "i'll do it tomorrow"...... then "i'll do it tomorrow" becomes "i'll do it on Saturday"...... then "i'll do it on Saturday" becomes "i'll do it next week" and so on.

That's how it was for me anyways, booze was just a big mental distraction and made me a very lazy person.
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Old 09-18-2014, 06:23 AM
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Yeah, it's not so much the money you save on booze, although that helps, it's more the mental clarity you get with sobriety.

After a few months, I started to realize that I kind of treated money the same way I did alcohol, impulsively. I would buy things just to make myself feel better, especially food and clothes.

Now, I'm a real stickler when it comes to dollars and cents. I'm going through a divorce and separation so that's expensive, but otherwise yes, my financially situation is light years better than when I was drinking.
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Old 09-18-2014, 06:24 AM
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I just did a step one exercise workbook that included a section on finances. It was a huge eye opener. The figure came to nearly $2M.

Between direct expenditures on alcohol, cost of consequences from drinking - including DUIs and divorces, indirect opportunity cost (like career advancement missed and investments blown), indirect expenses and foolish spending (like strip clubs and gambling and spur-of-the-moment spending choices....).... the figure was staggering and, I'm afraid, quite realistic.

Now in sobriety, in some ways it's gotten 'worse' because I'm finally catching up on paying debts, catching up on back taxes, taking steps toward repairing my overall financial position. At times, that makes it FEEL worse, but the truth is I am incrementally improving all the time.
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Old 09-18-2014, 06:33 AM
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Originally Posted by mfanch View Post
Well, I lost a $200K+/year career, so I would say worse, BUT everything else got SO. MUCH. BETTER. I will never be well-off or even have a career like that again, but I am happy and free from the fear of financial insecurity. I have food on the table and a place to sleep. Life is pretty darn good I would say.
I have to abstain from this vote. At just under 9 months I am making things work for now. Basically I am getting by on a cushion I created last year - maybe I am the great carnac after all.
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Old 09-18-2014, 06:51 AM
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For me better and not even mainly because of the money spent on booze. I did not run into financial problems while drinking but really neglected dealing with my finances and thinking about improvements. I bought things without investigating alternative options, never been a compulsive shopper but just to be done with any necessary purchase quickly and have more time for drinking. I bought a lot of crappy expensive food. I even neglected getting some of my business trips reimbursed, just because I was lazy. Now I am dealing with these things and it shows in numbers, despite of actually allowing some "luxury" things like regular spa visits.

I think this outcome will depend on individual situations.
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Old 09-18-2014, 07:17 AM
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Originally Posted by IOAA2 View Post
Perhaps that happens when we become responsible for past debts.

BE WELL
what is that supposec to mean ?

i am finacially better off for not drinking never been in debt finacially if thats what you mean ?
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Old 09-18-2014, 08:16 AM
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Remains the same. Bills get paid on time more often though. Still room for improvement though!
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Old 09-18-2014, 08:22 AM
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90 % of the ones that I have known to sober up (including myself)

have had more money to spend and pay bills after sobering up

it only makes (much sense)

MM
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Old 09-18-2014, 08:44 AM
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So much better. I remember at one point in my early twenties, I would pay my rent, phone bill and then everything else went on alcohol. I didn't leave any money for food, it was ridiculous. My brother used to bring back large bags of ration packs from the army for me to take on camping trips and because I was spending all my money on alcohol I used to live off of those. It was more expensive for me as I hated being at home in the shared house I lived in so all my drinking was done in pubs and bars. If I was given 1000 I would spend all of it in a few weeks, on alcohol as quickly as I could. I would buy everyone drinks and stay out until 4am most nights. Now the thought of spending money on a single pint makes me feel uncomfortable. All that money wasted on getting wasted. A horrible thought when I think of all the amazing things I could have done for myself and others but you can't change the past can you!
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Old 09-18-2014, 10:53 AM
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A no brainer . . . some serious saving when I wasn't stopping by the liquor store a few times a week!!
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Old 09-18-2014, 10:55 AM
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My finances haven't changed drastically, however what has changed is that I'm taking an inventory of our financial situation, and mapping out a 2-5 year plan of where we want to be, how to get there, and taking the initial steps in that direction.
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Old 09-18-2014, 11:55 AM
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Yes you will save money for sure! And we can all use some extra money.
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Old 09-18-2014, 12:05 PM
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Not much different although not spending money on alcohol helps me save a little more.
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