Know How Much You Save by Quitting Smoking

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Smoking is a harmful and an expensive habit. Apart from the health risks that it poses, it also harms you financially. You might not have realized it as yet, but by spending on cigarettes you actually spend nearly 5 per cent of your annual income. That is a huge amount of money on such a useless and harmful product.

For those of you who need to see the data in order to get convinced, here is a state-wise list of annual expenditure of smokers on packet of cigarette sticks. We assume that on an average around 50 packets would be smoked by individual smokers. However, in states like Delaware, the number of packets smoked was as high as 185.

Based on the information given below, you can calculate for yourself how much money you are spending on cigarettes, and how much money would be saved if you quit smoking.

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?State Cost of a packet of cigarettes
Annual Expenditure
?Alaska
?$6.35 ?$441.72
?Delaware ?$5.39 ?$998.23
?Florida ?$3.61 ?$276.04
?Illinois ?$4.98 ?$298.66
?Mississippi ?$3.44 ?$321.46
?Maine ?$5.52 ?$439.92
?New York ?$9.72 ?$296.00
?South Carolina ?$3.33 ?$304.00
?Utah ?$4.57 (Approx) ?$150.85

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Source: Forbes Magazine

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By this time the amount you can save by giving up smoking might have become clear. If you live in states other than those mentioned above, you can calculate for yourself how much you can save. Simply multiply the cost of an individual pack of cigarettes in your state and the number of packs consumed by you in the entire year. The resulting amount would give you your pure savings.

On an average, every American can save any where between $200 to $1000, by kicking cigarettes butts of their life. But these are only the visible savings of giving up smoking. Apart from this direct way, there are many other indirect ways through which you would save substantial amount of money if you quit smoking.

Some of these ways are:
* Reduced health insurance premiums.
* Reduced dry-cleaning bills.
* Reduced health-care costs.

Apart from these costs, chances are that you might see a rise in state taxes levied on the sale cigarettes. There have been patterns in history when such taxes have been hiked in order to tide over a financial crisis. The increase should provide you all the more reasons to quit smoking.

However, some don't think that it is easy to force one to quit during times of economic downturn. Smoking tobacco induces release of stress-busting hormones in the body, which people need the most when they are going through a rough economic phase in their life.