If you went dry this January, make your savings count

Most people think of “Dry January” as a health move – including oral health – but if you’re one of the many Americans joining the no-alcohol challenge, don’t forget another big motivator: the cost savings. Forgoing two $8 pints of beer twice a week would save you $138 a month. Even if you only drink occasionally, you might save a good $50. (This Alcohol Spending Calculator from the National Institutes of Health can help you do the math.) If you’re part of the Dry January movement, make your savings count. Earmark it to support a tangible financial goal — like bolstering your emergency savings, paying off debt, or investing for your retirement. Read on for more stats from MDA-endorsed SoFi to keep you motivated.