Calculate your savings if you quit smoking
Welcome to our Quit Smoking Savings Calculator!
Smoking is a costly habit, along with the detrimental cost to your health, it also takes a chunk from your bankroll. I’m talking about the financial cost of smoking cigarettes.
The cost of smoking calculator below will show you exactly how much it cost you as well as how big a nest egg you would have if you invested all that money spent on cigarettes.
Once you see that quitting smoking can lead to significant financial savings, you might be more motivated to quit.
For information about the cost to your health, you might want to try our smokers pack year calculator.
To use our calculator, simply enter the number of cigarettes you currently smoke per day, and how much you pay for a pack of cigarettes. Our calculator will then show you how much money you can save in the short-term by quitting smoking, as well as the long-term savings over the course of 1 year, 5 years, and even 10 years.
Our Quit Smoking Savings Calculator is easy to use and provides a quick and accurate estimate of the potential financial benefits of quitting smoking. It is a great tool to help motivate and encourage you to quit smoking.
Quitting smoking is not only beneficial for your health, but it can also be a wise financial decision. Take the plunge towards a healthier and wealthier future, try out the Quit Smoking Savings Calculator below.
Cost of Smoking Calculator
The smoker savings calculator on this page can calculate exactly how much you can save when you quit smoking. Just enter the average amount of cigarettes you smoke each day and the average price you pay for a pack of cigarettes. The app can then tell you exactly how much money you can save over 30 years. Feel free to adjust the amount of years you quit to see how it affects your savings.
How much will I save by quitting smoking?
Quitting smoking can benefit a smoker’s wallet in two ways:
- The first and foremost cost is money spent on cigarettes themselves.
Many smokers need to purchase a pack of cigarettes every day, which costs about $8 on average.
This means that a smoker would spend about $240 per month or $2,880 per year on cigarettes alone.
2. The second cost (which is not added to the calculators total) is the cost of healthcare for smokers who get sick from their habit.
Smoking causes many different illnesses such as lung cancer and heart disease, so smokers have to pay more in health insurance premiums.
The average annual health care costs for smokers are around $1,800. Adding to that, smokers also have a higher risk of developing diabetes, cancer and other diseases.
By quitting smoking, you can reduce your risk of numerous health problems, potentially saving thousands of dollars in healthcare costs. You can also qualify for lower life insurance rates, potentially saving hundreds or even thousands of dollars on life insurance premiums.