A new study funded by Cancer Research UK shows that vapers save around £800 compared to smoking cigarettes.
It also shows that vapers save more than those who use Nicotine Replacement Therapies like gum or patches.
The study was conducted by researchers at University College London (UCL). Research from Public Health England shows that over half of smokers in the UK want to quit. Moreover, a third of smokers claim that the financial savings is one of the reasons they want to ditch cigarettes.
Extensive research has been now been published on e-cigarettes from a number of reliable sources. The health benefits have been explored with particularly encouraging results. E-cigarettes are now widely recognised as being 95% less harmful than cigarettes.
More recently, the effectiveness of e-cigarettes as a quitting aid has also been studied in depth. Again, the results are reassuring as they show that smokers are 95% more likely to quit with the help of an e-cigarette.
These factors are all key contributors to smokers switching to vaping. This new UCL research shows that e-cigarettes are a favourable option in terms of financial interests.
How much money can vapers save if they switch to vaping?
According to the study, Smokers spend almost three times as much on tobacco products. The calculations suggest that on average smokers fork out £1200 a year to keep smoking.
Vapers spend an average of £417 a year on vaping supplies. This works out at around £8 a week, compared with £23 a week for cigarettes. As you have probably already worked this is a considerable saving. When comparing the two, an annual saving of £783 can be achieved, which is around £23 each week.
The average spend on Nicotine Replacements Therapies was also measured. The data shows that this totals £523 a year, on average. A considerable saving but vapers still save £106 more than those using NRTs.
Spokeswoman Kruti Shrotri said: “Studies so far show that e-cigarettes are less harmful than tobacco.
With a more affordable price tag, it’s an alternative option for smokers looking to quit and make savings.”
While these figures are encouraging and show a considerable saving, many vapers save much more than this. Totally Wicked customer, Nicola Whyment has saved over £12,000 since making the switch to vaping. According to Nicola, this saving has “changed her life” and allowed her to go on her dream holiday to Disneyland.
Unfortunately, an increasing amount of smokers are turning to counterfeit tobacco to save money, especially the most vulnerable and the poorest members of society. Illicit tobacco is far more damaging to a smokers health and also supports criminal activity. Vaping is still far less expensive than illicit tobacco and average savings still run into the Thousands. This adds to the long list of reasons for smokers to make the switch.
Totally Wicked smoking cessation lead, Chris Green
The switch and want more information on vaping, visit the Totally Wicked new to vaping page.