Quit Smoking: It Will Save Money

Quitting smoking will earn you a lot of money and can also save lives.

One pack of cigarettes is approximately equal to $1,095 in one year, $5,475 in five years and $10,950 in 10 years. For every two packs, you can earn $2,190 a year, $10,950 for five years and $21,900 for 10 years. For every three packs, you can save $3,285 a year, $16,425 after five years and $32,850 within 10 years.

If a smoker spends $12.50 on a packet of cigarettes a day, that would be equal to $87.50 a week or the cost of a good meal in a restaurant; $350 a month or the cost of designer clothes; $4,550 a year or the cost of renting a lounge suite; $22,750 in five years or the cost of an elaborate holiday trip to Europe for two; and $45,500 in 10 years or the cost of a house deposit or a significant mortgage payment.

Smoking is also one of the causes of health problems, which result to higher healthcare expenses. Abstinence from smoking helps you save big, especially on health insurance fees.

For every $1 spent on a cessation treatment, Florida employers could save $1.90 to $5.75. According to the National Commission on Prevention Priorities, smokers can save between $1,380 and $2,540. The cost of disease treatment caused by smoking runs about $9 billion a year. According to eHealthInsurance.com, nonsmokers pay 14% less on health insurance. Medical insurance would cost you $50,000 or more for 20 years.

Dr. Cheryl Healton, president of the American Legacy Foundation, a smoking cessation advocacy group, said “The cost of quitting isn’t typically the reason smokers give for not giving up the habit… but finding out that it can be a very manageable cost is good news for smokers who make the decision to stop.”

Quit smoking, and you could save money that is equal to a Gucci bag, a luxurious Caribbean cruise, an LED flat-screen TV, spa, a pair of pump heels, an iPhone, a Wii console or a pair of box seats at a Major League Baseball.

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