Why You Should Quit Smoking

All smokers should quit smoking. Logically, I guess everyone knows the health reasons why. Today, I will like to show the financial aspect of smoking.

Smoking Raises Your Insurance Premiums

Insurance companies know that smokers have a higher risk of falling ill and perhaps dying young. This is not based on guess work but on actuarial studies where they study statistics and stuff. As such, a male in his 30s who is a smoker will pay a higher premium for insuring himself compared to another guy who is not a smoker.

Overall, this premiums might seem only slightly more but add it up over the years and it could amount to a tidy bit of money.

A Pack of Cigarettes Costs Like A Meal?

If you smoke a pack of cigarettes a day, you would be spending easily $5 over dollars per pack. This is good enough to pay for lunch or dinner!

Why would you want to spend an additional $5 a day when compounded over 30 days, that amounts to $150.

Over 12 months, it is equivalent to $1800!! That is easily half a month's pay for a graduate that just started working.

If you are in your twenties, just invest $150 a month at 8% returns and you will be amazed at how much money you will have when you retire.

Smoking Accessories

Smoking stinks. And I mean literally. That is why smokers often have to buy a pack of cool mints to suck on after they have had their fix so as to make their breath fresh.

This pack of cool mints again costs them $$$.

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