WANT TO SAVE OVER A MILLION BUCKS? STOP SMOKING!

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By Miriam Raftery

 

January 19, 2016 (San Diego’s East County) -- Just in time for Tobacco-Free Awareness Week, WalletHub, a financial website, has analyzed the cumulative cost of smoking a pack of cigarettes daily over several decades, along with health care expenditures, income losses and related expenses.

 

Hold onto your hat – your lifetime cost as a smoker in California totals over $1.5 million dollars!

That includes:

  • Out-of-pocket cost – $101,917
  • Financial opportunity cost – $963,737
  • Healthcare cost – $182,119
  • Income loss – $250,875
  • Other costs – $13,871

So if you kick the habit early and save what you would have puffed away, you’ll be a millionaire by the time you retire—and a lot healthier, too. 


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