Quit Smoking and Save

A pack of cigarettes cost a high of $11.90 in the state of New York and a "low" of $4.74 in West Virginia. There are 20 cigarettes in a pack, and the average smoker smokes a pack of cigarettes a day. Smokers spend $1,700 to $4,300 on cigarettes each year.

The cost to purchase cigarettes is not the only cost associated with smoking. Smokers pay higher health and life insurance premiums, have more sick days and cost billions in healthcare annually.

If you are an average smoker, quitting or reducing the amount of cigarettes you buy each year could free up some serious cash.
  1. If you saved $850 each year for five years, you would have $5,000 to use for emergencies
  2. If you saved $1,700 yearly for five years, you would have almost $10,000 to put toward the purchase of a used car
  3. An annual savings of $1,700 for 10 years would net you about $22,500 to put a down payment on a house
These are good examples of how money spent on the purchase of cigarettes can provide life-changing savings.

(Note: Examples assume 5% interest annually and do not factor in inflation.)
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