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Is It a Good Idea to Give up Expensive Addiction?

July 14, 2017
giving up expensive addictions

There are many pricey addictions out there. These addictions range from shopping to getting hooked on drugs. These cost people a lot of money.

Expensive addictions are not only detrimental to your well-being. They can easily damage your personal finances. You just keep going back no matter how harmful the addiction is.

What are some of these expensive addictions?

  1. Smoking
  2. Alcohol
  3. Gambling
  4. Online shopping

Why Give Up these Addictions?

For instance drug addiction can be expensive to your wallet and health too. If you smoke one pack of cigarettes daily for 10 years, you will spend almost $99,000. This is enough money to deposit on a house purchase.

You can also use this money to travel vacation trips or treat yourself at a restaurant. If you quit expensive addictions, your health costs also reduce. You are less likely to suffer from drug related illnesses.

It is good to talk to addiction recovery experts to get help. You do not have to spend a fortune to quit an addiction. There are many cessation programs such as free community support programs.

Getting Over the Shopping Spree Habit

Compulsive buying of things is affecting more people today. Your friends may have told you that your spending habits are out of control. It is good to curb the temptations to spend on shopping and save money on shopping costs.

Avoid shopping with other people who are suffering from shopping addictions. Don’t go shopping when you are bored or depressed. You may end up picking things you don’t actually need.

The Price of Alcohol Addiction

Alcohol addiction is one of the expensive addictions consumers face. In 2015, alcohol sales were recorded at $219 million. That is not a small amount of money. By cutting costs on alcohol addiction and save money, you can gain better control of your life.

There are also extra costs associated with drinking. If you drink at a bar, you may need a cab to take you home. There are lots of other meaningful ways you can use this money. You can buy your loved one a gift or start a business.

Advantages of Quitting Expensive Addictions

  • More savings
  • Better management of finances
  • Improved health
  • Financial freedom

The Final word

Getting over an addiction is never an easy task. But if you do the math, you save money by quitting expensive addictions. Thinking of how your money goes down the drain will motivate you to give up unhealthy habits.

It would be also helpful to talk to a professional expert.