Life certainly isn’t easy. Sometimes everyday feels like an uphill battle. That’s why a lot of us fill our lives with our own versions of stress release. You’ve got: exercising, mediation, listening to music, drinking, and for some…smoking.
The most fascinating part about smoking is the knowing fact that it’s horrible for your body and yet millions of people still chose to do it. It’s somewhat mystifying.
But just how much is this addiction costing these smokers in their lifetime?
Let’s focus primarily on the United States. Each state has different rates and taxes for the sale of tobacco. But no matter where you are from, the numbers will astonish you.
According to WalletHub, it is estimated on average that over the course of a smoker’s lifetime they will spend over $1.1 million. This is without a doubt the most expensive habit anyone could ever have.
Whether you’re looking back on life or thinking about the future, seeing how much it has or will cost you, must have made you reconsider your choices.
Breaking it Down
Let’s break down how that $1.1 billion is calculated.
Per WalletHub and USA Today:
- The final sum is based on a single smoker, smoking one pack of cigarettes a day, over 51 years. In addition, including the money they would have earned if they didn’t spend it on tobacco.
- Also, included were the costs of health-care. Using the data collected by the CDC, and dividing that data by the amount of smokers per state.
- You must also include the amount of income lost for each smoker. Thanks to the data collected by the Federal Reserve Bank of Atlanta, it was found that non-smoker make around 8% more than smokers!
- Lastly, secondhand-smoke exposure costs had to be factored in as well. Oh, and don’t forget about smokers tend to lose out on anywhere between 5-15% on homeowner’s insurance. Something non-smokers capitalize on for well… being non-smokers. (Literally pays not to smoke.)
You’re essentially working just to smoke. Just think about what you could have done with all that extra money through your life. All that money literally went up in smoke. Pun intended.
What You Could Have Done with It
Just imagine what $1.1 million dollars could have been used for in your life.
- Vacation and traveling
- Paying off debts, bills
- Paying off mortgage
- Buy a car
- Treat your family and yourself to more activities (food, amusement, etc.)
- Go to College or send a child to college
It’s a whole different situation for you if you never smoked or if you quit. It’s like getting a raise, your pockets are filled with the money you would spend on smokes.
Looking at it, life almost seems less stressful knowing you don’t have to dig yourself into such a hole.
Let me use this to put it further into perspective. According to statistics, the average price to raise a child from birth to 18 years is about $250,000. That’s under one-quarter the price it costs for smoking!
You have got to be thinking, “you’re better off raising four children for that price”, over a habit just for you. But it’s true.
Luckily, you have the choice to save all this money or what’s left of it.
You have, switching over to vaping. Vaping is a lot more cleaner and cheaper than traditional cigarettes. The only real expense you’ll ever pay for is the vape juice. A good example is the e-liquid from White Label Juice Co, giving you plenty of options of flavors and compared to the price of you’d pay for cigarettes, it’s a lot cheaper.
The best option is to quit. Wean yourself off slowly, or go cold turkey. Either way this is the best choice to save the most. Don’t let smoking control you or your wallet. You work hard for your money and should be able to have more say where it goes. Remember, we’re talking about over $1 million here!!
It’s never too late to call it quits. Smoking has cost you enough, take back your money. I’ve shown you how much you will spend, and that should be encouragement enough to realize that money sounds a whole lot better in your wallet then in the hands of a billion-dollar industry. It’s up to you, a million dollars more, or a million less…