Judy Cousins, Clinical Social Worker, discusses facts about drinking, and how can a person's finances be affected by drinking
Read the full transcript »

Speaker1: How can a person's finances be affected by drinking? Judith W. Cousins: One of the ways that drinking can affect a person's finances is that they're noticing that or someone in their life is noticing that they don't have as much money as they did before and that could be because they're spending money on drinking itself. They're spending money on the alcohol. They're spending money on partying. They're spending money on going out after work. They're spending money on drinking activities where they would be budgeting their money in different ways. Also a person's finances can be affected because if they may have gone into legal trouble and so their finances are being redirected towards attorney's fees, toward making reparation in some way if there has been an accident or an injury. So those are some of the important ways that finances can be affected. The amount of money being impacted by someone's drinking does not have to be a lot of money. The important thing is, is the amount of money that's being redirected because of the negative consequences of drinking, does that amount of money have a significant impact on that individual and sometimes it can be a small amount of money, but it's a lot of money to them.

Advertisement
Advertisement
Advertisement