Thursday 30th of December 2010
Individuals already struggling to keep on top of their debts may be adding to their financial woes by failing to improve their lifestyle choices, such as giving up smoking.
New research carried out by Moneysupermarket.com has found smokers who kick the habit could save themselves an average of £9,225 on combined Critical Illness Cover and life cover.
What's more, it appears people who fail to go smoke-free may be increasing their need to ask individual voluntary arrangement questions as they are shelling out an average of £1,547 a year on their addiction, if they are buying sets of 20 cigarettes at a cost of £6.29 a packet.
Emma Walker, protection expert at the price comparison website, said: "New Year is often the time when people make promises to themselves to be healthier - but kicking the habit would benefit your wallet too."
The figures come after the portal claimed more than 17 million UK adults worry about their financial situation on a daily basis.
By Rachel Powell
