Cheapskate Wisdom … About Pricey, High-Profile Liquor Brands

“Expensive, luxury alcoholic drinks are a really great deal—for those in the business of selling them.”

The quote comes from a WSJ story about how many blind taste-testers pick cheaper brands of liquor and wine about as much as they choose the pricier labels—meaning that many consumers pick the more expensive booze because of the brand and the accompanying upscale image, not because of the taste.

Related:
‘Expert’ Wine Sippers Take Us All for Suckers
261 Bits of Money-Saving Advice, Including: A Guide to Picking Liquor That’s Cheap But Not Cheap-Tasting

Related Topics: alcohol, cheapskate wisdom, food, liquor, wine, Saving & Spending
  • Latest on Moneyland

    fotog / Getty Images

    As Gas Prices Go, So Go Prices for Used Cars

    What do prices at the pump have to do with prices at the used car lot? They actually tend to mimic each other. Higher gas prices tend to cause drivers to want to spend less out of pocket on their automobiles. That means rising demand, as well as rising prices, for used cars—fuel-efficient used cars especially. Used car prices spiked last summer as gas prices soared, and then spiked again earlier this year as the national average neared $4 a gallon. Now that gas prices are retreating, relief is also in sight for consumers in the market for used cars.

    4 Easy Ways for Young Adults to Get a Handle on Their Credit ScoresDaily Finance

    Jing Wei / Imaginechina via AP Images

    What’s the Point of High-Powered ‘Green’ Sports Cars?

    The best argument for going green is that it’ll help conserve natural resources and money at the same time. The new breed of “green” supercars led by Ferrari and Porsche doesn’t really do either.

blog comments powered by Disqus