Posted by on April 30, 2010

Are you smoking your kid’s college fund?
What about your retirement?


There are lots of reasons not to smoke, and people have lots of reasons why they smoke.

People disagree on just what the research does or doesn’t prove.
But one thing cuts through the smoke without needing a panel of scientists:

Smoking is expensive.


Consider this:

A typical regular smoker smokes about a pack a day – 20 cigarettes.
Price varies depending on the brand you smoke and where you shop.
I regularly see gas stations advertising $2.50-$4.85/pack on promotions. Let’s say you spend $4.00/pack on your favorite brand.
If you smoke 20 cigarettes a day,
That adds up to about 365 packs each year.
That works out to about $1,460 per year.

Maybe that doesn’t sound like much.

But suppose you quit when you get pregnant,

and put the money you would have spent on smokes in a savings account.

By the time your child goes to college

– about 19 years from when you quit –

you could have saved:


(Assumes 2% interest; savings accounts typically get 1-2%, stocks about 7-12%.)


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