Quite often there is a story on the news about a car wreck where one of the drivers was intoxicated. Sometimes the wrecks just do physical damage; too often an innocent motorist is hurt or killed. We all know that driving under the influence is bad, but even having a couple drinks and driving can put you over the legal limit. You do not have to get in a wreck to experience the financial impacts of a DUI.
When I was in college there was a campaign called the 4 out of 5 of us campaign. What it meant was that on the weekend four out of five students at the college did not drink and drive. My friends and I would laugh about those drunk driving statistics saying that it was nothing to be proud of that 20% of the weekend drivers were drunk. Nationwide, the statistics are a little better at about 11.4% (and each year there are fewer drunk drivers on the road). But that still means that one out of every ten cars you pass is driven by a drunk driver.
When people drink and drive, drunk driving accidents occur. These accidents make up a full 1/3 of all the car wrecks in any given year. Distracted driving (something becoming even more of a problem), tired driving, and careless driving make up a majority of the rest.
There are many times that you have had one too many but you think you are fine to get home. Looking at the financial impacts of getting arrested for a DUI may make you think twice.
The first cost will be that you need to be bailed out of jail. This can range anywhere from a few hundred dollars to a few thousand. The problem is that most people do not have the cash on hand and will have to find a bail bond office. If you check out Expertbail.com you can find those closest to you; you may be surprised how many there actually are.
It is tempting to go out and have a good time only to think “I can make it home.” If the risk of getting into an accident is not enough, think of how you will feel when you are $20,000 poorer because you did not want to spend $50 on a cab ride? Your retirement may get pushed back a decade with a setback like that. Take the safe route, and don’t put yourself at risk of getting caught in the first place.
Latest posts by Scott Sery (see all)
- Should You Pay Your Child for Getting Good Grades? - August 1, 2016
- A Different Look at Socially Responsible Investing - March 8, 2016
- Alternative Business Funding Methods - July 24, 2015