Smoking cigarettes isn’t just bad for your health. It’s also bad for your bank account. Most people don’t necessarily realize it, but they spend hundreds and, in most cases, thousands of dollars every year on cigarettes when they smoke.
The price of a pack of cigarettes varies from state to state. Cigarettes are incredibly expensive in a state like New York, where people are forced to pay $4.35 in taxes on a single pack. They’re much less expensive in a state like Missouri where smokers pay just 17 cents in taxes on a pack. But regardless of where you live, you are still probably paying a lot of money per year to smoke. The average price for a pack is about $6, which means you will pay more than $2,100 per year if you smoke a pack every day.
With that in mind, there are a lot of people who turn to vaping to try and cut down on the amount of money they are spending on smoking. They, of course, turn to vaping for more than just financial reasons. But one of the supposed perks of vaping rather than smoking is that you will save money in the long run.
Is that actually true, though? This is a hotly debated topic among many vapers, with some people arguing that they’ve saved a fortune by switching from smoking to vaping and others contending that they still spend just as much money now vaping as they did when they smoked.
Because cigarettes cost different amounts of money in every state and because everyone’s vaping and smoking habits are different, it’s impossible to say whether or not you will 100 percent save money by switching to vaping from smoking. But let’s investigate this a little further to see whether or not you should expect to save some money by vaping instead of smoking.
How Vaping Can Help You Save Money
The truth is that vaping can save you money—if you sit down and crunch the numbers before you make the big switch from vaping to smoking. There are many smokers who decide to switch on a whim, and while that’s not necessarily a bad thing, it doesn’t always allow them to reap the financial benefits of doing it.
Last summer, Veppo did a study on the cost of smoking versus the cost of vaping to try and illustrate how saving money while vaping is possible. They started by setting the cost of a pack of cigarettes at $6.75, just slightly higher than the national average. Then, they calculated how much it would cost a person to smoke a half pack per day, a full pack, and two packs. They found that half-pack smokers would spend almost $1,200 per year smoking, while full-pack smokers would spend almost $2,500 and two-pack smokers would spend almost $5,000.
After adding all of that up, they also estimated how much a first-time vaper might spend. They predicted that a former smoker might start off vaping with approximately 2.5 30mL bottles of e-juice each month, which, at about $16.99 per bottle, would work out to be about $500 for the year. They added that amount to the amount someone would expect to pay for other vaping supplies and came to a grand total of just over $650, meaning an ex-smoker could save anywhere from about $550 to almost $4,500 per year just by making the switch.
Of course, this is just one example. Some smokers don’t spend as much as the study showed per year, while some vapers spend a lot more on vaping supplies when they first start off than the study indicated. But it should provide you with a general overview of how it is possible to save money when you go from smoking every day to vaping.
How You Can Help Yourself Save Money
While the example we just provided for you proved that you can very easily save money when you vape rather than smoke, there are some vapers who will tell you that they haven’t saved a dime since making the switch.
Why? Well, it’s usually because when people start vaping, they don’t just buy one e-cigarette and one bottle of e-juice. They want variety so they go out and drop a couple hundred dollars on a bunch of different e-juices. They experiment with them to figure out which ones they like and which ones they don’t, and as time moves forward, they buy even more e-juice.
Some vapers will also go through several different e-cigarettes initially as they try to find the one they like best. This can, as you might expect, add up quickly. When you are buying up different e-cigarettes and e-juices, it’s easy to spend a lot of money.
You can avoid doing this by slowing down at the beginning and resisting the urge to buy everything in sight. Yes, it can be fun to experiment with different e-juices, and yes, you want to find the e-cigarette that you like best before using it long-term. But you don’t have to buy everything at once.
Before you start vaping, you should come up with a budget and stick with it. Preferably, you should find a budget that is well below what you were spending on cigarettes so that you can see the financial results of switching from vaping to smoking. It will help you acclimate yourself to vaping, and better yet, it will help you do it while saving you money.
How You Can Save Even More Money by Vaping
Once you’ve gotten the hang of vaping, there are some additional steps that you can take to cut back on your vaping-related costs even further.
One of the easiest ways to do it is by finding ways to stop wasting e-juice. From monitoring how much e-juice you are using regularly and adjusting your total intake to fixing leaks in your e-cigarette, you will be surprised by how much money you can save simply by watching how much e-juice you are using.
There are many other ways to save a few bucks here and there, too. By building your own coils, you can cut back on the cost of purchasing new coils. You can also maintain your coils better in order to make them last longer. And you can even just do a better job identifying problems with your e-cigarette and fixing them before they spiral out of control.
These are all small things, but they will pay off in a big way if you take the time to do them. It will help you save even more money by vaping.
How You Can Monitor the Money You’re Saving
Do you want to keep a close eye on how much money you’re saving by vaping instead of smoking? It’s easy to do it. Every month, write down how much you spent on vaping and then estimate how much you would have spent smoking during the same time period. Do this for several months and then add up the total numbers.
You will likely be surprised by how much money you are saving while vaping. If it’s not enough for you, you can always change your vaping habits and find ways to make vaping more conducive to your lifestyle. But more than likely, you will be saving money, and it will feel great. It will be just one more reason to love vaping.