Use of
- Enter the price of one tablespoon and the daily amount of smoking. For a half tablespoon, you can put as little as 0.5.
- Let's take a year to continue smoking.
- If you put the rate of return assumed to save that money when you quit smoking, the income and profit results come together.
The calculation principle.
The cigarette price. Price per day × Number of days × 365 × DurationThe money collected during the smoking ban is calculated as the monthly savings amount, and the monthly savings amount is calculated as the monthly savings. ((1+r)n − 1) ÷ rUsing the equity future value formula, r divides the annual rate by 12 and n is the total number of months.
For example, if you smoke a cigarette for a year, a cigarette will cost $4,500 a day. from 1,642,500For 10 years only 1,642 million 5,000. this money is 136,875 dollars per month, with a 4% profit for 10 years. 2,015 millionThat’s just 373 thousand.
If you extend the period to 20 years, the difference will be much greater. The primary amount is 3,285 thousand yuan, but the annual profit of 4% will be about 5,020 thousand yuan. The longer the period of remuneration, the faster the rate of interest increases than the primary, the result is more than double for those who quit smoking in their 20s and for those who quit smoking in their 40s.
This calculator only covers the cost of buying tobacco and does not include health-related costs, such as medical expenses, insurance fees, etc. It does not reflect the increase in the price of tobacco, so the actual cost is likely to be greater than the results of the calculation.
Knowing good information.
When deciding to stop smoking, motivation is rarely more effective than money. But the bigger number of “10 years, $2,000” is better than the bigger number of “This Month, $13,000” is more effective in actual action. The method of automatically transferring as much as the cigarette price each month to a separate account is especially effective to make sure that the balance increases. Because if you don’t see the money saved, it flows into other consumptions.
A significant part of the price of tobacco is tax. The price of a cigarette pack in the country includes tobacco tax, local education tax, individual tax, value-added tax, national health promotion tax, etc., and taxes and charges account for about 70% of the price. If you smoke a cigarette pack a day for 10 years, you will pay more than 1,100 million out of 1,600 million.
Changes in the body after quitting smoking are also known as time units. After 20 minutes, heart rate and blood pressure start to return to normal range, and after 12 hours, blood monoxide levels drop to normal levels. Between 2 weeks to 3 months, lung function starts to improve, and after a year, the risk of coronary artery disease isly reduced to half the level of smokers.
Frequently asked questions.
How much percentage of income should I keep?
The default value is 4% annually. With a conservative figure similar to the deposit rate, we assume a level that can be achieved without risk. Assuming risk assets such as stocks can put a higher rate of return, but there is a possibility of loss of primary money, so we recommend a conservative value when looking at money that is definitely saved like the cigarette price.
What if the cigarette price goes up?
This calculator assumes that the current price of tobacco isined. In fact, since the price of tobacco is likely to rise as a result of the increase in the price of tobacco and tobacco surplus tax, the calculation results are realistic as a minimum.
Health insurance or medical insurance?
This calculator only covers the cost of purchasing cigarettes. The cost of treatment for illnesses caused by smoking, insurance payments, loss of working capacity, etc. is because the individual car is very large and difficult to generalize. The actual cost is reasonable to consider to be greater than the result of the calculation.
Can e-cigarettes be calculated?
E-cigarettes are sold in one pack, so you can enter it as it is, and the liquid type divides the monthly expenditure by 30 and saves the cost of the day, then puts it in the cigarette price box and calculates it as 1 pack per day.
Do you really get that money?
It does not automatically accumulate. When the money saved flows to other expenses, the balance remains the same. The way you automatically transfer money to your cash or investment account is actually effective, as much as you do tobacco prices. Looking at the amount you transfer each month can also help you stay out of smoking.