Kick the smoking habit and become debt-free
Kick the smoking habit and become debt-free
- Tuesday, 2 March 2010Smokers who kick the habit could save over £1,500 a year and find it easier to manage their debts, according to one organisation.
Research by comparison site Moneysupermarket.com reveals that with the typical cost of a packet of 20 cigarettes being around £6.13, a smoker could save themselves on average £1,508 a year if they ditch the habit.
What is more, they could also save on average £6,044 on combined critical illness cover and life cover, states the website.
Emma Walker, head of protection at Moneysupermarket.com, said smokers should consider both the medical and financial benefits of quitting instead of letting their hard-earned cash "go up in smoke".
"There are real savings to be made by kicking the habit and shopping around for the best insurance deal to suit your circumstances," she said.
"In order to be classed as a 'non-smoker' and qualify for life insurance premium savings, insurers insist smokers have kicked the habit for a full year."
The UK's annual No Smoking Day is set to be held on March 10th, which has helped over 1.5 million smokers kick the habit for good since 1984, according to campaign organisers.
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