What smoking is really costing you

July 2, 2007 at 1:50 pm Leave a comment

With the prices of cigarettes rising, your short-term pocket book isn’t the only thing running slim. Your retirement might be in jeopardy. Today, we’re going to have some fun with numbers. Of course, if you’re a smoker, it might not be so fun. So, let’s get started.

Statistics show that most people start smoking around 11 to 13 years of age. But, since most kids in America can’t hold a job until they’re 16 years old, we’ll start there. The average cost for a pack of cigarettes is roughly $4.65. That’s roughly $139.50 a month and $1,674 a year. If those numbers won’t help you quit, maybe these will. Say, instead, you put that money in a mutual fund that yields 12% until you’re 60 years old (if you live that long), you’d have $2,681,048.07.

All I can say is that I’m glad I quit smoking.

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Entry filed under: Money Fun.

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