Anyone who decides to give up smoking could boost the level of savings they have, one expert has claimed.
According to Reza Attar-Zadeh, director of savings and investments at Abbey, the average 20-a-day smoker spends around £170 each month on cigarettes.
If someone were to put this money into a high interest savings account they could build up as much as £2,000 over the course of a year, Mr Attar-Zadeh stated.
He said: "It goes without saying that giving up smoking is not only great for your health but also for your bank balance."
Mr Attar-Zadeh suggested that people can use the money in the savings account to help reduce the balance of their mortgage .
Earlier this week, Richard Brown, chief executive of moneynet.co.uk, claimed that regularly putting money into a savings account is "a brilliant habit".
Mr Brown said that saving just £10 a month is a good start and will get people used to putting money aside.
Smokers told to quit for savings
Smokers told to quit for savings
Wed, 25 Jun 2008
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