Smokers encouraged to give up for financial health

Current smokers who quit the habit may find that they can make significant cost savings, Fairinvestment.co.uk has suggested.

The company explained that a smoker who goes through 20 cigarettes per day could spend more than £2,000 per year.

It claimed that smokers would benefit from putting this money into savings or using it to pay off debts instead.

"Spending over £2,000 a year on cigarettes means that smokers have less money than non-smokers, making them less likely to pay off their credit cards or mortgages as quickly as somebody who doesn’t smoke," commented director of Fairinvestment.co.uk, James Caldwell.

In addition, the firm said that monthly health and life insurance premiums are usually higher for those who smoke, while the act of lighting up a cigarette could potentially cause a motor accident and impact upon a driver''s car insurance.

Yorkshire Bank recently echoed these arguments, stating that the 1.1 million Britons who quit smoking 12 months ago have since saved a collective total of £1 billion.

back