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Today we will not discuss if smoking is good for your health because that is as cliché as it can get. I mean there is a warning on each cigarette packet about health issues, right? But have you ever stopped and thought what this particular habit is doing to your bank balance.

I bet not because how can mere Rs. 150 affect your money reserves?

If you follow a budget then you will realize at the end of a month you can easily decide which expense to control and where to invest more. This way a common individual mostly tracks his or her expenses to save for future goals and objectives. But the irony is stress can make you things that are cannot be justified.

Smoking is a by far the best way to relax and chill for many people. This expense generally goes unnoticed and hence can slowly eat away your hard earned money without any warning.

Below are few ways how your smoking habit is stopping your bank balance to grow



Besides the evident health and quality life advantages, quitting smoking can be one of the best method to save cash on your life insurance. Smoking means higher insurance costs because insurance companies try to hedge their risk as smokers fall under a higher risk category. Due to this reason smokers have to pay a high amount of premium every month which sums up to few lakhs over the period of time. The premium amount can be three to four times for a smoker as compared to what a non-smoker has to pay.

Now imagine if you had invested the same money that you used for paying extra premium for insurance. You would have been able to save few lakhs even with minimum returns in few years. The extra money that you paid on insurance could have been used for buying real estate or for other investment options to benefiting your financial health.

You can save your money on insurance premium by quitting smoking. You can either get a new insurance policy as a non-smoker or can reapply for non-smoker insurance option.


Smoking burns a big hole in your pockets every day leading it to grow bigger and bigger over the months or years to come. Let us understand it with an analogy. Cigarettes are priced averagely between Rs. 10-15 per stick, let us assume if a person smokes 5 cigarettes per day, priced at Rs.12 per stick, he spends rupees Rs.60 daily, or Rs.1800 a month or Rs. 21600 a year approximately. Also, cigarette rates are always increasing with inflation and increasing your expense continuously.

If you can quit smoking and start saving only Rs. 2000 per month in an instrument giving returns, let assume at 10%, you will end up with approximately Rs. 26500 by the end of a year. This money can be used for a small vacation that you have been dreaming about or a new mobile phone or any other life goal that you have.

The money was always yours to decide how you want to spend it. A little planning before spending can help you save a lot in the long run.

You could save the money and get it as a fixed deposit in banks, which is sure to increase or you could invest in other bank policies or mutual funds which again is sure to increase over a period of time, if you quit smoking. The choice is yours.



Sure, we agreed not to get into medical problems related to smoking but rest assured - I still intend to keep that promise. I only am going to point out the expense part of the scenario, which implies you having to spend a large amount on medicine and treatment. See what I did there.

Smoking adds to your cost of living. Medicinal and pharmaceutical per diems are heavy to incur when the overall income is limited. Smoking leads to degrading health problems like bronchial problems leading to cancer and increased heart risk. Studies prove that a hint of potent nicotine can be seen in the bloodstream in the medical check-up, even if you quit smoking.

Nicotine is enslaving. An average cigarette produces approx. 2mg of nicotine. Let us assume the smoker will spend Rs. 400-500 per visit to the doctor which is bound to increase slowly. Hence you can calculate overall money getting spent on such visits. Price of drugs, doctor consultation, and diagnostic charges will also increase every year and ultimately draining money from your wallets.


The biggest cost a smoker incurs is the health of his family. Researchers reveal that infants or adults who are exposed to smoke under the same roof have weak immune systems and subsequently they fall sick very easily. Smoking hurts the health of your family which in turn is going to affect you emotionally, leaving you more stressed. Almost every smoker has tried to shun the habit at least once and failed. Friends from family and friends can increase the chances of getting rid of this habit. There are products to help smokers quit like nicotine gum etc.


The answer to this question depends on the willpower and mind set of an individual. Individuals with limited resources or income are the most affected and they should try to avoid wasting their hard earned money on smoking. It ultimately results in bad financial health in addition to bad physical health.

The decision is yours - Choose life or smoke it away!!

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