Smokers would be the first ones to realize that smoking can be an expensive affair. So apart from costing your health cigarette smoking can cost you a lot of bucks too. Studies prove that on an average a person can spend about $4.50 on a packet of cigarettes. This implies that if one is to consume at least one packet in a week then he or she will be spending about $234 every year. Similarly, one packet a day would imply spending about $1642 per year.
Though the costs of cigarettes may vary from year to year it is very difficult to say one would smoke less when the costs are high. What most smokers forget about in their obsession for smoking are the hidden costs. Hidden costs are the costs of the risks associated with smoking and the decreased asset value resulting from smoking.
How Much Can Smoking Cost You?
Smoking costs means all hidden costs incorporating the following:
- Life insurance premium payments due to the risk of dying younger as a result of smoking
- Medical insurance premium payments as smokers are at a greater risk for contracting health problems
- Costs for general health care
- More expenditure on medicines
- A higher amount of home owners insurance premium payments that results from the risks of burning down your owners house
- Decreases the value of a house which always smells of smoke
- Decreased value of your possessions as well
- Car insurance premium payments for greater risks associated with careless driving by smokers
- Reduced resale value of the stinking car or vehicle
- Studies also revealed that smokers earn 4-11% less than non-smokers
- Costs of cleaning the environment, clothes, vehicle, house, etc
- Costs for dental care
- Since that money which is spent on cigarettes cannot be saved there is an automatic loss of interest payments
Smoking, as you can see, can cost you a whole world of problems — thereby draining your health, fitness, comfort and eventually your finances as well.
3 Comments
very good
das rite!
It all adds up!!