Can you afford to be hungover?

The final installment of the Hangover series hits theatres tomorrow. The movies poke fun at the hoopla ensuing from a night of riotous binge drinking.

Read: My best event: Family movie day

A new GoBankingRates report reminds us of the financial dangers of such behaviour.

First, it’s easy to lose your wallet when drinking since you handle it frequently throughout the night. At best, a loss is a nuisance, but can easily lead to identity theft if someone takes your government ID and credit cards.

Read:

• Why invest in film?
• 7 tips for preventing ID theft while vacationing

You could also endanger your job. Showing up to work hungover isn’t going to impress anyone.

“Alcohol reduces inhibitions, all inhibitions, including spending,” says psychologist Dr. Suzana Flores. The chances of frivolous spending increase if you’re drunk and so do your chances of damaging valuables, like your car.

Read: Author of bestsellers sells his cellar

Click here for the full report.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.