With the tobacco companies boosting their cigarette prices by 11% as the US government has shown the figures, smoking is not just bad for your health but is also getting rougher on your wallet. The increase in prices is due to the federal government increase in excise tax from 39 cents to $1.01 per pack which was effective early this month.
One of the many ways to save money -especially if you are deep in debt already- is by cutting cost on smoking. If you have already toyed with the thoughts of saving money by stopping to smoke, you probably already realize that you can actually save hundreds of dollars per year! Imagine what you could have used the money for instead.
Here is a great tool to calculate the money you spend on cigarettes while you are struggling to get out of debt!
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