Can Switching From Smoking To Vaping Save You Money?

Everyone knows smoking can be an insanely expensive habit. If you’re someone that smokes a pack a day, you’re looking at spending an average of $40 a week. That means you’re shelling out more than $2,000 a year to indulge your habit. Some states also place a high tax on cigarettes, which can drive up costs even further. For example, New Yorkers pay a tax of $4.35 per pack, which adds up to around $13 total (that comes to around $4,600 a year for a daily pack of cigarettes!). Even if you live somewhere in the US with lower cigarette prices, you’re still probably spending a lot of dough on your smoking habit. If smoking is really causing some damage to your wallet (not to mention your body), consider taking up vaping, which can be a less costly undertaking.

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First off, you’ll need to buy some supplies to get started vaping. While this can seem like you’re spending more money at the beginning, the savings will eventually pay off. When you initially start vaping, you’ll also need to discover which setups you like the best. Pod vape kits and closed tank systems are great for people new to vaping because they’re pretty similar to smoking cigarettes. The kits typically offer higher nicotine strengths (like 9 mg or 18 mg), so you’ll be able to make the transition from cigarettes to vaping fairly easily. Each pod has up to 2 ml of eLiquids and a coil to heat and produce the vapor - so you don’t have to worry about purchasing any other accessories. The best part is that these kits can usually be found for less than 15 bucks!

You also might spend a little more money when you first start vaping because there’s a little bit of trial and error involved. There are tons of options for different vape kits and flavors (everything from cereal and donuts to citrus and cappuccino), so you might need to experiment a little to figure out which types you like the best. But once you’ve determined the vaping options that work for you, you’ll be all set to save some money - refillable tanks mean you could spend only $500 a year, compared to over $2,000 for cigarettes!

Not only can vaping help you save money on out-of-pocket costs, but it can also potentially save you money on healthcare costs. Cigarette smokers often face a myriad of health problems, including lung disease and persistent coughs (among other conditions). However, vaping allows you to ingest less toxic chemicals than regular tobacco. Cigarettes can have as many as 70 carcinogens in them, including tar, ammonia, and carbon monoxide. Vaping still has nicotine but has less of these harmful chemicals, so you’re less likely to do the same physical damage to your body as you would if you were smoking cigarettes.

To really see how much you’re saving, monitor your vaping costs for a few months (including how much you’re spending on all of your vaping supplies), and you’ll soon be able to see concrete figures that demonstrate your savings by switching from cigarettes to vaping.

About the Author

Ankur Shah
Ankur Shah is the founder of the Value Investing India Report, a leading independent, value oriented journal of the Indian financial markets. Ankur has more than eight years of equity research experience covering emerging markets, with a focus on India and South East Asia. He has worked as both a buy-side investment analyst for a global long/short equity hedge fund and a sell-side analyst for an emerging markets investment bank. Ankur is a graduate of Harvard Business School. You can learn more about his latest views on global markets at the Value Investing India Report. -- He can be emailed at