Alison's Money Rule

Drink no wine before it’s time – especially when you make it yourself. But when it’s time to quaff, savour the savings.

Drink no wine before it’s time

Archive

Rules of thumb
June 29, 2010

Credit scores
June 22, 2010

Date on a dime
June 8, 2010

Great idea into a great business
June 1, 2010

New Grads
May 25, 2010

Financial Paralysis
May 18, 2010

Contest Queen
May 11, 2010

Rule of twos
May 4, 2010

Home buyer costs
April 20, 2010

Don't be afraid of the big bad tax man or woman.
March 16, 2010

Do your own taxes
March 9, 2010

Rules for self-employment
March 2, 2010

New mortgage rules
February 23, 2010

Self-employed mortgage woes
February 16, 2010

Borrowing to contribute to RRSP
February 9, 2010

The R mantra -- Regift.
January 5, 2010

Cross border bargains...
December 1, 2009

Warranty gold
November 17, 2009

Benefit from the loonie rise
October 20, 2009

Forget the February RRSP deadline.
September 29, 2009

Can I afford my house?
September 22, 2009

Ease college and university students into independence
September 15, 2009

Eliminate Back to School Shopping Stress
August 25, 2009

Drink no wine before it’s time
August 18, 2009

Living on a baby budget
July 28, 2009

Here’s my end-of-summer garden party nightmare; a brimming glass of the host’s homemade wine and me attempting to keep the wince out of every sip.

One thing about a recession though, it opens your mind to what you didn’t think you would ever want to do or drink.

Early summer found me in the fruit scented quarters of the Just Wine in Milton, Ontario. I had driven by the place for 10 years and never once been tempted.

But I love my wine and despite a reported glut of the good grape plus a global economic meltdown wine prices haven’t declined perceptibly. So, I bravely ordered two kits, 30 bottles of the best Australian Chardonnay and 30 more of the Napa Valley Stag’s Leap District Merlot, part of the Selection Estate series distributed by Wine Expert of B.C.

Both claimed gold medals in some tasting or other and both were the most expensive of their kind available in the store. If you are going to do it yourself buy the best available. Even so, the cost per bottle was under $5 for the white and under $7 for the red (that doesn’t include optional labels, 10 cents each, or bottles, $1.10. You can also supply your own.)

Six weeks later I spent a happy hour bottling the chardonnay and two weeks after that, the merlot. Tasting both during bottling surprised me. Drinkable!

However, getting the most out of your vintner experience demands the patience to wait a minimum of three months for the white and six for the merlot. So far I’ve uncorked the chardonnay at two, four and six weeks after bottling – just for research purposes, you understand. Drinkable has progressed to tasty.

At two months the merlot is still too raw for my palate, but improving.

If all works out I estimate savings of at least $2,500 a year – enough to take hubby and me on a very nice wine tasting holiday.

Stay tuned for full tasting results in a couple of months.