Smoking-related diseases in the USA are estimated at more than $300 billion each year.
The Cost of Smoking breaks down as:
- $170 billion for direct medical care for adults.
- $156 billion in lost productivity including $5.6 billion due to secondhand smoke exposure.
It is clear that Smoking bears a cost to society at large, but what about on the individual level?
What is the financial cost of smoking cigarettes?
If, like many, you smoke one pack of cigarettes per day. How much is that added over the years?
Over 10 years, if you live in a country where cigarettes are expensive, you’ll spend over $30,000. Which could either buy you a sailboat, a deposit on a house or a small plot of land in some exotic place.
Cost of Smoking Vs NRT
One study points to Nicotine replacement therapies costing up to 7000 usd$ per year. This is considered for cases were smokers effectively quit.
So compared to a daily smoker spending up to 3000 usd$ per year on cigarettes, after a few years of quitting there is most definitely a saving.
Other more important savings come in terms of reduced healthcare costs.
How does smoking affect your finances?
The cost of smoking goes beyond the price of a cigarette pack.
It leads to higher healthcare costs, reduces income via increased sick days and decreased productivity.
Are cigarettes a waste of money?
Tobacco is the leading cause of preventable disease and death in America. Cigarettes cause 480,000 deaths yearly. Nicotine is the primary addictive chemical in tobacco.
Why Smoking is expensive?
The cost of smoking cigarettes is not only a daily financial cost.
It implies higher costs for health and life insurance.
Smoking related diseases create high health care costs.
Smoking Vs Vaping Cost
Vaping can cost from $300 to $5000 per year. When compared to smoking a pack a day, it can cost you $2000 to $5000 dollars per year.
Vaping is then potentially cheaper than smoking.
Most medical experts agree that vaping poses less health issues than long term smoking. This is of course another very important saving.
How much money can you save if you quit smoking?
How much is a pack of cigarettes a day? Stop Draining Your Wallet – If you smoke a pack a day you could be saving about $200 per month or $2,400 on smoking costs a year if you quit.
For year round money saving links on the vaping form of NRT head below:
How much does the average smoker smoke?
Among daily smokers, the average number of cigarettes smoked per day has declined from around 17 cigarettes in 2005 to 14 cigarettes in 2016. Vaping, e-cigs and NRTs and a generally increased consciousness seem to be working. For a clear guide on vape buying for the first time, UKVIA member Vaperun produced this simple read:
How does smoking affect intellectually?
Researchers have found that cigarette smoking can lead to attention and memory deficits in adults.
A UCLA study on the effects of cigarette smoking on adolescent smokers (ages 15-21) discovered how nicotine could potentially affect the development of their prefrontal cortex.
What is the most effective way to quit smoking?
There are many was to resist the urge to smoke. Check out our guide.
Try nicotine replacement therapy. Ask your doctor about nicotine replacement therapy.
Avoid triggers. Delay. Chew on nicotine gum.
Don’t have ‘just one’. Get physical – getting into sports is on the best ways to increase endorphins and avoid anxiety.
Practice relaxation techniques like yoga and deep breathing.
Call for reinforcements, look for help from friends or loved ones.
Why do people smoke?
Stress relief, pleasure or in social situations. One of the first steps to quitting is to understand why you feel like using tobacco.
Then you can think about the reasons you want to quit.
How many cigarettes a day are bad?
Smoking just 1–4 cigarettes per day was associated with a significantly higher risk of dying from heart disease and lung cancer.
What is the most expensive cigarette?
The less commercial brands of tobacco may include fewer chemicals and carcinogens. They may be more expensive to buy but much less expensive on your health.
Treasurer Cigarettes are a Golden Virginia blend with a fine tradition, as an example of a premium brand.
How does smoking affect social life?
One cigarette now and then could damage your social life. Like regular smokers, social smokers have the smell of smoke on their clothes and on their breath.
Social smoking means the people you’re with are exposed to secondhand smoke. Secondhand smoke is dangerous to anyone who breathes it in.
What happens when you quit smoking?
Within just 8 hours of quitting smoking, your body’s oxygen levels will increase and your lung function will begin to improve.
As your lungs begin to heal, you may feel less short of breath, cough less and find it easier to breathe in the coming weeks and months after you quit. Your risk of developing cancer decreases.
Is it too late to quit smoking after 30?
It is actually never too late to get benefits from quitting smoking. Quitting, even in later life, can significantly lower your risk of heart disease, stroke, and cancer over time and reduce your risk of death.
Smoking’s Costs Conclusions – Financial, Physical and Social
The cost of smoking cigarettes is not only a daily financial cost, it can lead to higher costs for health and life insurance, high health care costs.
The Global economic cost of smoking from health expenditures and productivity losses together totalled PPP $1852 billion (US$1436 billion) in 2012.