BYOB Economical Benefits of Bringing Your Own Beverage Fact: Concession stands, Bars, and other beverage serving establishments markup their tasty fluid products from 50% to 400% or more.
The goal of this essay is to prove to you that by bringing in your own beverage can have a significant impact on your personal finances. The key is to utilize a convenient method to carry out this lifestyle altering improvement. Imagine having more money in your wallet to save for the future and retire early. With BYOB- you can retire earlier, or spend more on your current activities or needs. BYOB may not be right for everyone, but you should at least be aware of how it can impact your life.
BYOB Savings Calculator:
How many days per week you drink
X How much you spend per drinking excursion on average
X 52 weeks
X 30 years
X (inflation)
= Lifetime beverage expense
Now, compare this to BYOB:
Lifetime beverage expense
X .33 (Savings on markups- takes into account tipping and soft drinks)
= Lifetime BYOB beverage expenses
The difference is not the final number, imagine you maintain your lifestyle as is, you can invest this difference over time by a factor of %10 per year, or an annuitized multiple. This is how BYOB can affect your retirement.
What about the social atmosphere? There are products that allow for you, if you choose, to conceal the fact that you BYOB.
The first common product is the flask. A simple metal or plastic container that has been around for centuries. Standard flasks hold about 8 oz. You can spend anywhere from $5 to over $100 on this item.
One of the latest innovations to support your BYOB concealing effort, is Sneaky™ Shorts , by Dr. Sneaky Products, http://www.drsneaky.com. For less than $20.00, you can have this easy to use system that holds 24 oz of your “favorite beverage”. It holds way more than a standard metal flask, about 3 times more. It is also versatile in how it may be worn. The most innovative feature is that it is actually designed to stay thin when it’s filled. This allows it to be virtually undetectable. And, you won’t draw attention with the inconspicuous dispensing hose. Overall, Sneaky Shorts are a great BYOB asset.
