Want an Extra $240 a Month? Quit Smoking!
Everyone knows that smoking is bad for your health (it’s linked to many types of cancer, heart disease, stroke, lung disease, diabetes, and more), but there is another place that smoking hits you hard: your wallet. In Michigan, a pack of cigarettes costs around $8. That may not seem like a lot of money, but it can add up really fast. Curious what your pack-a-day habit is costing you? Here’s a breakdown of how much you’d save if you quit today:
- The average Michigan smoker spends over $1.4 million over a lifetime.
- The health care costs per Michigan smoker is $143,672
- Income loss per Michigan smoker is $194,995, since smokers earn 8 percent less than nonsmokers
When you quit smoking, other costs will go down too, helping you to save even more money. You will save money on health insurance and life insurance costs, since premiums are less for non-smokers. If you are selling a car, you’ll get more money for it if it doesn’t smell like smoke inside. And since your clothing won’t retain the smell of cigarettes, you’ll save money on dry cleaning costs.
Photo credit: Lindsay Fox