How to save money by cutting down on smoking

We’re not going to tell you that ‘smoking is bad for you’. You know it, we know it, everyone knows it. You don’t need to read another article which hammers home this obvious point. While we would heartily recommend that you quit smoking, it’s a difficult process and one which takes time and effort.

How to save money by cutting down on smoking

We’re not going to tell you that ‘smoking is bad for you’. You know it, we know it, everyone knows it. You don’t need to read another article which hammers home this obvious point. While we would heartily recommend that you quit smoking, it’s a difficult process and one which takes time and effort.

There’s no ‘safe’ level of cigarette consumption. However, cutting down on smoking can at least set you on the path to giving up completely – it can also do wonders for your finances.

 

How much money is spent on cigarettes?

 

According to figures from the NHS, the average person spends around £250 on cigarettes per month.  This works out to £3,000 per year! Consequently, using these figures, if you managed to cut your cigarette consumption by half, you could find yourself with an extra £125 per month to do with as you please.

To get a better idea of how much money you could save by cutting down on the number of cigarettes you smoke, we’d recommend using the NHS’ cost calculator.

 

Can I save money by switching to e-cigarettes?

 

The BBC states that, since 2015, more than 2.6million former or current smokers now use e-cigarettes. As these are reportedly 95% safer than smoking, they should be a healthier alternative to the traditional cigarette.

In many cases, these will also be cheaper. A starter pack generally costs around £20 while refill cartridges can be purchased from £4. One of these cartridges should last the equivalent of approximately 25 cigarettes.

Although an initial investment, replacing cigarettes with the electronic variant could be cheaper in the long run. In fact, Vaporized has an online calculator which can be used to determine how much money you could save. We’d recommend giving it a whirl!

Furthermore, Hazel Cheeseman – director of policy at Action on Smoking and Health – added that electronic cigarettes can help tobacco smokers quit, stating:

The health benefits of quitting are immediate, and it is never too late to stop. E-cigarettes have been found to help smokers quit and vaping is much less harmful than smoking. The cost of vaping is also less than smoking tobacco cigarettes and so there is also a financial benefit too.

 

How to save money by cutting down on smoking

The cheapest option is to quit altogether

 

As we said, you know smoking is bad for you. The best option, for your finances as well as your health, is to quit. There are a range of charities and support groups which can help you do this and they are easily found online.

However, if you don’t want to, that’s your choice. You could still save quite a bit of money by either reducing how much you smoke or switching to e-cigarettes.

If none of those options work for you, why not head back to the Budget Buddy to see where other savings can be made?

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