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Save £1,000 a year

Giving up smoking is more easily said than done, and recent figures by Santander reveal that 59 percent of those whose New Year’s resolution was to ditch the ciggies are back smoking by the end of February.

But if you keep it up then not only your health will benefit. The financial rewards to packing in the fags can be considerable – with the average smoker making a saving of £1,000 a year.

Reza Attar-Zadeh, director of savings and investments at Santander, commented: ‘Public awareness of the health benefits of giving up smoking is much higher now than it was in the past, but it seems this still isn't enough to make people kick the habit. Our research suggests that six out of ten people with a New Year's resolution to quit smoking will have failed already.

’Hopefully, by understanding the financial benefits more people will be spurred on to quit. Our research suggests that successful quitters expect to save more than £1,000 a year on average, which could be a very useful nest egg for their future.’

Live longer and have more cash … sounds an attractive proposition.

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