While we all have things that we spend a little too much money on for our own good, those who are suffering through an addiction might be surprised at just how much their habit is crippling them financially. Although some of the costs are common knowledge and easy to track, other costs might come up that you’ve never even thought of. So to help you find even more reason to kick those bad habits, here are three ways that overcoming an addiction can save you money.
The Actual Cost Of Fueling Your Addiction
When speaking about addictions, it’s a given that you’re going to be spending money to keep getting whatever it is that you’re addicted to. But for many people, they don’t want to think about what that cost truly is. According to Addictions.com, the average drug user spends between $8 and $83 dollars on their drug of choice per day. When you’re looking at the lifetime amount of money spent, it can come up to more than $16,000. And if you have an addiction that’s more expensive or more intense, your overall cost can be astronomical. If you cut all that cost out, you’d be able to save more money than you’d even know what to do with.
Costs Associated With Addiction
In addition to the cost of your drugs, alcohol, shopping, gambling or other addiction, there are also plenty of costs that are associated with that addition but aren’t necessarily directly spent on funding your addiction. According to Constance Brinkley-Badgett, a contributor to AOL.com, these costs include things like treatment for your addiction, loss of productivity or promotions at work, and more. These associated costs are often money that you don’t necessarily pay out of your pocket each day like with fueling your addiction, but they can hinder you from making or keeping the money that you would have earned.
Health Care and Insurance Costs
If you allow yourself to get too far into your addiction that it’s harming your body, you’re going to have lot more costs that you’ll need to take care of in order to keep yourself alive and functioning. According to DrugAbuse.com, these costs include things like higher premiums on health insurance, more time spent at doctor’s offices or the hospital, and paying for legal fees associated with any problems you have with the law. Depending on your personal addiction and your experience with your health, these costs can make it nearly impossible to live a normal life. But if you didn’t have to worry about them, you could finally achieve your financial goals.
To show you just how beneficial it could be to quit your addiction, consider using the information presented above to show you just what you could be saving financial while you’re saving yourself physically and mentally.