Summer trips to beer gardens and bar gatherings can put a serious dent in your wallet. So why not have a party at home and make mojitos for less than $1 a pop? You're not gonna find that kind of happy hour anywhere.
Regular bar prices for this refreshing, citrusy and minty summer drink can be between $6 and $14, depending on the bar. Here’s how to gather the goods, make them yourself on the cheap and have plenty to go around.
In general, the key to smart shopping is buying in bulk. That’s also the case when it comes to liquor. If you’re having a party, the bigger the bottle, the better. One 1.75 liter bottle of Bacardi Silver, for example, can be significantly cheaper than two smaller bottles.
You’re likely to get a decent, 1.75-liter bottle of rum for about $25, and much less for cheaper brands. Buying liquor online can be tricky, however, or it may not even be allowed in your state, but if you’re a comparison shopper, go straight for the stores that you know have good prices or check discount liquor stores. Some Costco (Stock Quote: COST) stores sell liquor as well.
Cost per drink: About 42 cents for one ounce of middle-shelf rum, like Bacardi.
Common limes are the Persian type, and the best ones should be dark green, firm and heavy for their size, according to Robert Schueller, a spokesman for Melissa’s, a produce importer. Limes may be cheaper at a fruit stand or a store that specializes in produce. Over the summer, limes are about five for $1 on average, according to Melissa’s.
Cost per drink: About 10 cents for half a juicy lime.