Money Management

Quitting smoking 'could improve people's finances'

01-03-10, 04:17 in Money Management
Quitting smoking 'could improve people's finances'
People might enjoy a financial boost if they opt to quit smoking, according to one price comparison website.

While consumers will see a reduction in their outgoings by cutting back on cigarette purchases, moneysupermarket.com has also noted some of the insurance savings they could make.

Those with combined critical illness and life insurance cover might be able to lower their expenditure by more than £6,000, the site suggests, which could positively impact the finances of those who are looking to tackle things like credit card debt.

The website's head of protection, Emma Walker, believes that it is not just people's bodies that could do with a break from cigarettes.

"There are real savings to be made by kicking the habit and shopping around for the best insurance deal to suit your circumstances," she stated.

Last month, moneysupermarket.com highlighted that many UK consumers are still keen to make frequent use of credit cards as part of their money management.

Posted by Martin Peacock.ADNFCR-2660-ID-19643220-ADNFCR

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