Financial Cost of Smoking
Everyone knows the health risks of smoking. However recently I calculated the financial cost of smoking and was surprised by the results. I knew it cost a lot but the figures are staggering.
More effort should be made to help those who smoke to give up smoking or reduce how much they smoke. It is an addictive habit and it can be very difficult to stop.
A pack of 20 cigarettes can cost approximately £8 to £10.
So for someone smoking 20 cigarettes a day going with the conservative cost per day of £8:
£8 x 365 days = £2920 per year; Over 5 years the cost is = £14,600
If the cost is £9 x 365 days = £3285 per year; Over 5 years the cost is = £16,425
If the cost is £10 x 365 days = £3650 per year; Over 5 years the cost is = £18,250
If someone smokes 40 cigarettes a day the cost can be up to £36,500 over 5 years.
Many people (both smokers and non-smokers) don’t realise the true financial cost of smoking because if you only think about how much you spend per day it doesn’t seem like a lot.
More help needed for those addicted to smoking to reduce or stop especially with the cost of living being so high.