Actually, the amount of money you can save if you quit smoking depends on quite a few factors. So when people started using the “save money” reason for me to quit smoking, it just went in one ear and out the other.
Before you can say how much money you might save, you have to consider:
- Where you live. It might be cheaper down in the south than it is where you live.
- What brand of cigarettes you smoke. Most private label brands or “generics” are cheaper than name brands. But in recent years, some of the name brands have started to come down in price to compete with the generics, so the savings for quitting might differ.
And if you “roll your own” using pure tobacco and empty filtered papers, you may only be spending about $0.75 per pack, again, depending on where you live.
I did that for a few months before I quit smoking. So when people tried saying to me, but you can save so much money if you quit, $0.67 a pack was nothing, which is what it was costing me at the time to make my own.
- How much you smoke. If you smoke more than two packs a day, you’re going to save more money by quitting than someone who only smokes a half pack a day or less. And you’ll save less money by quitting than someone who smokes two or more packs a day.
Of course, there are more things to consider than this. You could save money on your health or life insurance, depending on if you’re buying your own insurance plans or you’re covered under an employer.