What is Cigarette Smoking Really Costing You?
A look into the hidden, and rarely acknowledged, costs that people incur from smoking tobacco cigarettes
The average cost of a pack of cigarettes is $7. This means that in the course of a year, you will spend approximately $2,550 on cigarettes. Chances are that this number is low: actual costs depend on the area you live in and the brand of cigarette you prefer. These numbers are based on the purchase of a pack of Marlboro Red cigarettes.
If you would like to calculate just how much smoking is costing you in just daily out-of-pocket expenses, use this calculator to find out.
The Overlooked Financial Costs of Smoking
Aside from the costs of smoking that everyone is familiar with (i.e. the purchase of cigarettes, lighters, etc.) there are other costs that are contributed to smoking –health costs and higher insurance premiums are just one example. According to Assurant Health, a 30-year-old smoker can expect to pay between 16 and 41 % higher insurance premiums than non-smokers do.
In addition to paying more for health insurance, MSN Money explains other hidden costs associated with smoking. Moreover, these costs are rarely examined when people talk about the cost of their smoking habit.
Continue reading for a brief explanation...
Health and insurance costs
- Life Insurance: Like health insurance, life insurance premiums are higher for smokers since statistics show that smokers have a shorter lifespan. These premiums can be upwards of double - thus, thousands of more dollars a year.
- Health Care: Smokers tend to spend more money per year on health care due to an increased frequency of illnesses.
- Medications: If there is an increase in health care visits, then there is bound to be an increase in medication costs.
- Home Owner's Insurance: Smoking in the home can raise the rate of homeowner's insurance due to a higher risk of house fire.
- Car Insurance: Statistics show that smokers get into more accidents than non-smokers, translating into higher premiums. The higher rate of accidents could be attributed to drivers being distracted while trying to light cigarettes, dropping lit cigarettes, etc.
- Dental Care: Smoking can increase dental problems, which of course leads to more visits and costs.
- Home Value: Smoking inside the home can decrease the home's value –possibly by tens of thousands of dollars. This is due to smoke leaving an odor in the carpets and on the walls. In addition, smoking can yellow the walls, leaving the home unattractive to potential buyers.
- Car Resale Value: Cars lose value over time, it's an inescapable fact. But smoking inside a car can leave tough odors inside the vehicle, burns to seats and other damages. All of these can accelerate the depreciation of your vehicle.
Other hidden costs
- Less Social Security / Pension Benefits: Statistics show that, on average, smokers pay less into Social Security and pensions because they work less than non-smokers do. As a result, when they retire, they will receive fewer benefits.
- Cost of Cleaning: It costs a lot of money to help keep the smell of smoke out of fibers. Therefore, smokers need to spend more money keeping clothes, houses and cars clean. This means more cleanings and more money spent on cleaning supplies.
For those readers who are visual thinkers, The American Cancer Society has an extensive infographic that illustrates the costs associated with smoking tobacco cigarettes. Or, check out EverSmoke's handy comparison between electronic cigarettes and traditional smoking.
If you are looking to save money but still enjoy the act of smoking, electronic cigarettes may be a good alternative for you. While there are upfront costs associated with purchasing electronic cigarettes, it's estimated you could save ½ of what you're currently spending in out-of-pocket expenses.
And with EverSmoke's Home Delivery Program, you can save 20% on recurring cartridge refills and enjoy a lifetime replacement warranty on all parts.
Of course, it's hard to tell how much in long-term, hidden costs you could save.
In order to help you decide which type of electronic cigarette you should choose, please continue browsing our blog and knowledge center resources, download our comprehensive electronic cigarette buying guide for more information, or contact us with any questions.
And if you're ready to make the switch from traditional to electronic cigarettes, we invite you to try EverSmoke's durable, satisfying and tasty alternatives.