How to Quit Smoking: From a Financial Perspective

Habitual smokers are told everyday what is wrong with smoking, but it never phases them. They can still smoke over a pack a day and feel like there is nothing wrong with it and society should just let them be.

These are also the people who sometimes complain about how they don’t have enough money to see a movie or go on a vacation. Well there is a key ingredient people are forgetting to tell smokers. It costs money, even if it has become routine in their lives.

1. How much does a pack of cigarettes cost?

A pack of cigarettes costs around $4-$5, and for the sake of this article I am going to say they are $5 This is much less than the average vape from vape India which comes in at a fraction of the cost.

2. How much a week do you smoke?

The average smoker smokes more than 1 pack a day. This is $5 a day that smokers can easily throw away. Under this light it would seem easy to get rid of the $5 a day without much thought. Now multiply this number by 7 days a week and you have around $35, still not that much but imagine that extra money in your pocket every week.

3. A month is around 30 days, so multiply the pack a day by 30 and you have about $150 a month.

Now seeing as a pack a day is the low end for smokers, we can also multiply 30 by $7.50 or more. This ends up being over $200, which is the equivalent to a car payment. Imagine being able to buy a brand new car with the money you have spent on smoking over the past 10 years?

4. Now 12 months out of the year. Multiply the $200 a month by 12, and you have around $2400 dollars a year.

This is a small family vacation, or the start of a pension fund. If you put $2400 a year into a mutual fund for 40 years, that’s over $300,000 to help you retire. But you will never have this free money because you are spending it on a silly habit.

5. Lets say you started smoking when you were 18, and are now 28.

For the past 10 years you’ve spent about $20,000, I will lessen the number because I know cigarettes prices have increased the past few years. WOW what would you do with 20 grand right now? That’s like winning the grand prize of a scratch lotto ticket!

Putting cigarettes into a financial perspective is a power tool in learning how to quit smoking. There is all of the heath risks and societal pressures to also stop, but those do nothing for people. Peoples mind run on money, and once they realize how much unneeded spending they are doing, they will soon quit that habit.

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