Smoking is a dangerous and destructive habit, it’s true; but do you have any idea of how much the habit is affecting your finances? Smoking is expensive, and tobacco prices seem to be continuously rising as the years go by. If you’ve been smoking for a number of years, you’ve probably noticed your costs slowly climbing the longer you smoke or dip.
Let’s take a closer look at what kind of damage you might be doing to your finances by smoking. There’s never been a better time to quit, and you’re about to learn all of the reasons your wallet wants you to leave smoking behind!
Trying To Quit
Before we even dive into the expenses of the act of smoking, let’s look at how much it costs to try to quit. While there are affordable options like tobaccoless alternatives from https://blackbuffalo.com/  and CBD gummies/tinctures , most cessation options are costly.
Nicotine gum and nicotine replacement therapy can cost hundreds of dollars per month. And nicotine withdrawal is incredibly unpleasant. The symptoms can range from sweating and headaches to irritation, mood swings, and even digestive issues. You’ll likely spend money on OTC medications to alleviate these symptoms, furthering the cost of your cessation journey.
That’s not to say you shouldn’t try to quit; this is more for people who have only just started smoking or might start in the future. The best thing to do is to never pick up the habit at all.
The Cost Of Cigarettes
Now let’s look at the cost of buying cigarettes on a daily or weekly basis. For the sake of argument, let’s say you’re a heavy smoker. A “heavy smoker ” is defined as someone who smokes as many as or more than 25 cigarettes per day. Heavy smokers make up about 26% of the total population of smokers in the US, so while they’re not the majority, they still represent nearly a third of all smokers.
A pack of cigarettes contains about 20 cigarettes. If you’re smoking 2-3 packs per day, you’re spending quite a bit of money on the habit. The average cost of cigarettes varies from state to state, ranging from about $4-$5 in some places to well over $8-$10 in others. Let’s put out average at $7.50 a pack, right in the middle. If you’re smoking two packs per day, you’re spending $15 per day on cigarettes. Multiplied by seven, this comes to $105 per week, $450 per month, or about $5,400 per year.
How much could you get done with an extra $5,000 per year? An extra $450 per month? You could probably pay off your car or house quicker, upgrade your living situation, or even help fund your higher education.
Smoking carries with it the inevitability of health complications. There’s no possible way to be a heavy smoker (or even a light smoker, for that matter) and not develop health problems. Smoking is a direct cause of lung disease, cancer, heart disease, hypertension, and more. There’s no way to escape it; you will develop health problems, and in some cases, your insurance won’t cover the expenses entirely.
The US spends about $170 billion in direct healthcare costs for smokers  every year. Cancer is an especially costly health complication, with treatments reaching well into the hundreds of thousands of dollars over the course of their lifetime. Treatments can last for years with aggressive cancers, and heart complications often require expensive surgeries to remedy.
You could also incur costs that stick with you for the rest of your life, such as oxygen tanks or other medical equipment to help you breathe. The cost of smoking goes well beyond just wasting money on cigarettes. It could potentially put you into crippling medical debt, as well.
Did you know that smoking inside of a home can reduce its potential value by nearly a third? That’s right. Smoking damages the interior of your home, pollutes the air, and can compromise your ventilation systems and furnace. Not to mention, it’s nearly impossible to get the smell out of carpets and walls without replacing them, and smoking damages hard surfaces, as well.
You didn’t think your car was safe, did you? The same effects that smoking has on the home it will also have on your vehicle. Hard surfaces, upholstery, and the very quality of the air in your vehicle are compromised when you’re a smoker. This can significantly reduce your vehicle’s value, which undermines your investment in the vehicle itself.
The Bottom Line
Smoking is something you’d do well to stay away from if you want any kind of financial security in the future. It’s difficult enough to build a sustainable financial future with today’s wages without the added difficulty of a habit like smoking!Google+