Today is “World No Tobacco Day”, a World Health Organization initiative destined to encourage people to quit smoking. Let’s talk about what happens when you quit smoking: money appears!
But before we start counting the money, here is a quick look at the health advantages of quitting:
Now, let’s talk money! In March 2020, the average carton of cigarettes cost 125.84$, or 15.73$ per pack. For the one-pack-a-day smoker, that’s a lot! Here’s how to measure the impact and motivate yourself if you decide to quit smoking. This is how smoking stacks up:
One day without smoking: 15,73$.
One month without smoking: about 470$.
One year without smoking: 5,741$
After five years without smoking, if you choose to save and invest all that cigarette money, you could have saved up around 30,000$.
That looks like a down payment on a house!
All said, quitting is not easy. It is better to talk to your pharmacist or doctor when you are ready. Your physical and mental health will both be better off, and so will your wallet.
Please contact us with any financial question. A licensed insolvency trustee from Beaudin Groupe Conseil will help you find the best solution to tackle your debt.