Personal Finance

How Much Should You Spend On A Battle Of Wine

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 4 minute read

There’s no use in splurging on a bottle of wine if you’re trying to save money for other things. Despite the fact that my husband and I are now on a tight budget, we still manage to treat ourselves to a glass of wine with supper at least once a week.

Why? The fact that we’re spending so much money on wine suggests that we enjoy it. It’s nearly a tradition in our family to have a glass of wine with dinner, and I’d be bummed if we had to give it up.

Wine’s surprise health benefits are sometimes cited as another positive aspect of moderate wine consumption. Red wine’s phytochemicals have been demonstrated to help against heart disease, several types of cancer, and the beginning of degenerative disorders like Alzheimer’s, according to MSNBC. Antioxidants can also be found in wine in high concentrations.

NPR recently featured Dan Buettner’s book The Blue Zones: Lessons for Living Longer from the World’s Longest-Lived People. This book held my interest because Buettner searched the world over to find communities where people routinely lived to ripe old ages in good health and happiness.

Any idea what he uncovered? In general, there were shared features throughout the blue zones. People in these locations engaged in plenty of physical activity and consumed large quantities of healthful plant foods. Others (like those living on the island of Sardinia) consumed wine on a daily basis.

Advice on how to fit it within your budget

  1. Choose a Boxed Wine

The quality of wines sold in cardboard cases has greatly improved in recent years. Since many recycling facilities cannot process green glass from wine bottles, I now almost exclusively purchase wine in cardboard boxes rather than bottles. Wine that comes in a box is particularly convenient for recycling.

Usually, there are four bottles of wine in a wine box. The $9-per-box Corbett Canyon Merlot is my go-to. What this amounts to is a cost of around $2.25 per bottle of wine.

Bota Box, which can be found for around $16 to $20 at most supermarkets, is another boxed wine that I adore. You’re only spending about $4–$5 per “bottle,” even at this pricing.

Buying wine in a box has several benefits, one of which is that the wine is protected from air. Wine loses its flavor rapidly when exposed to air, so it’s best to drink it soon after opening. If the wine is not consumed quickly enough, it will be squandered.

There is a six-week shelf life for wine in a box. Since you’ll have a lot more time to consume it, you’ll squander less.

  1. Purchase Wine by the Case

You should invest in a case of your favorite bottled wine if you consume it frequently. When you do this, you may save up to 10% at most retailers.

  1. Purchase Wine from the Winery

An enjoyable method to try wines you haven’t tried before is by visiting a winery. It might also be a wonderful anniversary or Valentine’s Day gift for the love of your life. Prices will likely be close to those of your neighborhood wine shop, but you might save money by purchasing a case.

  1. Don’t Be Afraid to Save Money

Banrock Station, an Australian wine, is among my favorites to drink from a bottle. It has a pleasant flavor and costs about $5 per bottle. You can also buy Banrock Station in a box, but I haven’t been able to do it yet in Michigan.

A common misconception is that high prices equal high-quality wine. The opposite is true. Nowadays wineries are producing high-quality wine at affordable prices.

Check out the wine shop down the street. In most cases, they will be able to point you in the direction of a reasonably priced wine of high quality. In addition, Wine.Woot.com, which is a component of the Woot! The daily deals site often has excellent offers on wine.

  1. Understand Your Countries

Great wines at reasonable prices may be found from many countries, including Spain, Australia, Chile, and Argentina. I also enjoy the Spanish Tempranillo that can be purchased for around $7 a bottle at most supermarkets.

  1. Take Notes

Keep a little notepad with the details of any wines you come to enjoy. Try a glass of the wine you really despise? Create a note of it. This will help you remember the wines you want to spend your money on and prevent you from wasting money on the ones you don’t.

  1. Hit up Trader Joe’s

Those of you who are fortunate enough to reside in close proximity to a Trader Joe’s should cheer. When it comes to inexpensive, high-quality wine, Trader Joe’s is like Mecca. Why not when a bottle costs just $1.99? It’s time to visit Trader Joe’s and get creative. It’s possible that what you find will exceed your expectations.

Bottom Line

Due to the proliferation of vineyards producing excellent wines at reasonable prices, wine is no more a luxury item reserved for special occasions. How about some wine-buying advice from the group? Is there a well-known, reasonably-priced brand that’s made right here in the area? Leave a comment below and let us know!

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