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Saving Money by Quitting Smoking
If you are a smoker you know the price of cigarettes has gone up over the last several years. If you have been a smoker over the last several years you know that the prices of cigarettes have only gone up. If you have continued smoking in the face of
If you are a smoker you know the price of cigarettes has gone up over the last several years. If you have been a smoker over the last several years you know that the prices of cigarettes have only gone up. If you have continued smoking in the face of the high prices, then you are one of the millions who will adapt to the raising prices in an effort to keep up your addiction. This addiction you have to smoking has forced you to cope with the idea that you must spend thousands of dollars a year to keep your cravings away. Some smokers don't realize how much money they are actually spending on cigarettes. Read on to find out how much you are probably spending, ways to calculate how much you truly spend, and figure out how much money you would save if you quit smoking.
For all intensive purposes we are going to assume that you smoke a pack and a half to 2 packs of cigarettes per day. With cigarettes being an average $4 per pack, you are spending about $6 a day on smoking. That is for a pack and a half of cigarettes a day, or, 30 cigarettes. In a week you will spend $42, in a month $168. That money could have been spent on premium cable!
So, if you are spending $168 a month on cigarettes, then, that means you are spending a total of $2,016 a year. That could be your taxes, your new television, a nice laptop, a full year of insurance on your car, a vacation, or anything else you have to pay or want to have.
So, you are spending at least two grand on smoking. You know, that doesn't include the money you spend on lighters, ashtrays, breath mints, or air fresheners. It also doesn't factor in the money you may already be spending on medical expenses from smoking related illnesses. Did you know that smokers are more prone to respiratory illnesses, even the common cold and bronchitis? If you have these conditions chronically or seem to be more susceptible to getting and keeping a sickness longer than others, you can probably blame that on you being a smoker. To quit smoking you would also save money on medical expenses and missed time at work.
If you are spending $2k a year on smoking, that means in five years you will have spent roughly ten grand on this habit, in 25 years (if cigarettes are the same price) you will have spent over $50,000 on cigarettes and would have smoked a grand total of almost 275,000 cigarettes!
Quitting smoking could potentially save you $50,000, to keep smoking you will probably spend that fifty grand plus some. Cigarette prices are only going to go up over the years and if you choose to continue being a smoker, you will have to adapt to those prices and spend accordingly.
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