I'm guessing this view of how to reduce debt might not be a popular one. Why? Because it impacts on your every day life, your habits and your accepted comfortable view of things. But here's the thing, if you want to reduce debt you need to make some changes. Otherwise it's a simple case of “do what you've always done, get what you've always got”. I'm assuming you want to get something different, specifically you want to get rid of your debt.
Well here's your chance to get rid of that debt, but a word of caution, some of what you learn will shock you, I know it shocked me. But don't worry, you'll be able to put what you learn to work reducing your debt, yes that's right reducing your debt, and not creating more debt. Now if you want to cut to the chase read the last four very persuasive paragraphs.
Let's check out a couple of friends of mine. Please don't get me wrong here, I'm not criticizing this couple, or judging them in any way. Heaven knows I could use myself as an example, but my leakage centered around food shopping rather than alcohol, and to my shame I still slip from time to time. But back to you, the only real question to ask yourself is, “can I take something from this story that will help me to reduce debt?” After all debt reduction is what we're talking about, isn't it?
OK, let's meet our couple. They're in their early thirties and are earning $40,000 pa each. They work hard and believe they deserve a few ‘treats' in life. But they also want to buy a home, problem was they couldn't get the deposit together. This was a little puzzling and they were looking closely for leaks in their budget. They discovered a great big leak. A leak that didn't help in saving for a home, or reducing debt.
So what was the leak. A great flood of alcohol. Now alcohol is the example here but it could be anything. As I said, in my case it was food shopping. I could blow between $60 and $100 every week on indiscriminate food shopping, and did that help with reducing debt, NO. But let's get back to our couple, they enjoyed wine with dinner, and lunch in the weekends, and a glass of wine or a few beers watching the game on Saturday night. They also enjoyed the odd night out. But you have to ask yourself, is this how to reduce debt or is this a very poor strategy? Let's find out.
Well here's the thing, it's alarming how much these few glasses of wine and a few beers add up to. Let's see, 4 bottles of wine and a dozen bottles of beer every week, $120, dinner out once a week, another $40, clubbing once a week with friends and paying club prices, another quick $80 on alcohol. A total of $240 a week on alcohol! Ye gods! What did the aspirin cost??
OK, some weeks it may have been less, but some weeks it was definitely more, as we never factored in the vacation effect, a lot more alcohol is consumed at vacation time. Now you have to ask yourself, is this a good ‘How To Reduce Debt' strategy? But as bad as that $240 a week, or $12,480 a year, picture looks, I'm afraid it gets a lot worse.
The $240 which has been spent on alcohol was ‘after-tax' dollars. In other words it's money that they'd already paid tax on. So just how much did this nice hard-working couple have to earn to have those few drinks. Let's assume they were paying 25% in tax, at $12,480 spent over the year, they would have had to earn $16,600.
Even scarier, my friends both earned $40,000 pa, so for the first 10 weeks of the year all of their salaries would have to be put aside for alcohol, that's both of their salaries for 10 weeks. No wonder they couldn't save the deposit for their house!! Is this how to reduce debt, no definitely not. So what does this all mean to you? Take what you've learnt and sift through it to find what you can use to stop leakage in your own budget and reduce debt, reduce debt, reduce debt. Have I made my point? Good Luck.
Bottle Of Wine Cost
Although you can find many great value wines and numerous different varieties to choose from whatever your palette, there are also some of the most expensive wines in the world that are produced in France, and the vast majority of people will never be able to experience in their lifetime!
In fact, a vintage Romanee Conti red wine produced from the pinot noir grape in Burgundy can cost anything upwards of ?1,000 for just one bottle. And a rare vintage case of 12 sold at auction in London for a staggering ?58,500 making this the most expensive case of wine sold at auction up until the year 2007.
Both Bordeaux and Burgundy have always contested that they produce the best wines and in their own ways the are probably both correct, and yet apart from the Champagne region, famous for the sparkling wine of the same name, Bordeaux wines are far more widely known than those from Burgundy.
No matter what region in France you go on holiday to, you will be able to sample a wide variety of different wines and it is a good idea to get to know your preferences before trying different ones. Whether you prefer a red wine or a white wine, sweet or dry, still or sparkling the choice is immense.
Going to a wine tasting session can be great fun trying out different varieties, yet for some it can also be a little daunting, especially if it is not on an arranged tour of which there are plenty to choose from. However, there are some general pointers that will get you through..
When wine tasting, you should always start off with the lightest wines such as sparkling wines and work through to full bodied whites, then through the reds from the light to the full bodied and end on dessert wines. This will help to keep your taste buds more sensitive so you can better appreciate each wine and in some places they even supply water in between so as to get the full flavour and texture of each wine you are tasting.
You should swill the wine round in the glass a couple of times, which will help aerate it and provide you with the full aroma. Plus it is customary to spit out most wine, rather than swallow it, although you can swallow a small amount on occasions to experience what it is like after it has gone down.
The Loire Valley is a massive wine producing region that produces a variety of wine such as Muscadet, Cabernet Franc, Gamay reds and even reasonably priced Sauvignon Blancs. And with the beautiful chateaux plus the tranquil winding river it makes the Loire region one of the most visited areas in France for experiencing wines and fine French food to accompany them with the stunning backdrops so synonymous with this region.
Yet for hundreds of years Bordeaux has had a long and internationally famous history of high quality wines and is also a very popular place to go, although you can still pick up a good value Bordeaux wine if you travel to the outskirts of the region.
And yes, who could not think about champagne, which is so tightly controlled for what can be classed as a true champagne, you will get to appreciate why some varieties are so expensive and are only produced in this region for consumption throughout the world. However, there are some vineyards that will charge far less for a bottle of their champagne with the same finesse, compared to that of the famous brands we have all come to know.
The Languedoc region in France is one of the biggest wine producing regions and to put this into perspective, it has over two times more land planted to vines than the whole of Australia! Even though in the past, they concentrated more on quantity rather than quality, this is changing where you can pick up a reasonably priced wine that can match up to some at double or even triple the cost.
But France is a country that has such a different range of wines from the many wine regions and each one will provide a taste, aroma and body like no other and some regions themselves offer such a diverse range it can be quite mind boggling, yet a fascinating experience.
Obviously, white wine has long been associated with fish and chicken, whereas red wine is normally paired with red meats and game. Yet when you are in France experiencing the fantastic culinary delights of the regions? speciality French food, take the time to choose a wine that will enhance the experience or ask for advice and enjoy!
Both Sue Young & Harjeet786 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Sue Young has sinced written about articles on various topics from Finances, Medicine and Legal Matters. Sue Young of income-while-you-sleep.com has coached many people in the skills of ‘How To Reduce Debt', she knows that increasing income packs a powerful punch in this process. To learn how you can earn 5 separate income streams visit. Sue Young's top article generates over 40500 views. to your Favourites.
Harjeet786 has sinced written about articles on various topics from Finances, How to Sell on Ebay and Internet Marketing. For more useful tips & links, please browse for more information at our website. Harjeet786's top article generates over 60500 views. to your Favourites.