This is one of the most asked questions when people are looking to make the switch from smoking cigarettes to vaping.
The fast answer is yes. I can only use the Ottawa or Ontario economy to give you an example of the costs associated with both but at least you'll understand the difference between them.
In Ottawa, Ontario it costs around $12 for a pack of 25 cigarettes. And it is as simple as going to the store and purchasing them - again and again. It is a consistent cost from day 1 to day 652.
The only time you'll see big differences in prices is when the government decide to increase taxes associated with smoking. Generally Ontario (and Canada in general) has pretty steep taxes already.
So, if we take that $12 cost per 25-pack of cigarettes and now apply it to the average Canadian's smoking addiction - Health Canada states 18-20 cigarettes per day is average.
We'll take that 18 per day and multiply it by 7 days per week. Now we're at 126 cigarettes per week.
Now we can round that number down to 125 (because it's easier that way!) and divide it by 25 cigarettes per pack.
This equates to 5 packs per week!
5 packs at $12 each is $60 per week, which ends up as $240 per month.
Per year (52 weeks) you're looking at $3120 spent on smoking.
When you vape, you have to take into account that, unless you're using disposable cig-a-likes, you're using a device that is reusable - as a result there is a greater initial cost when switching to any non-disposable e-cigarette.
In the following calculations, we'll assume that you're new to vaping and aren't looking to become a vape-god, start messing with crazy mods or throwing up vape trick videos on Instagram.
In the average population of vapers you're looking at buying a simple kit like the Eleaf iStick Pico (75w) which is around $75 in Ottawa, Ontario. Some products come with the cell (battery) some don't. This one doesn't which means an extra $16.
Now we're at $91.
We can't start vaping without ejuice! So let's take a peek at the costs there.
Let's say you purchase some tasty Angel's Abduction by Juice Punk in the 33ml size. This adds your total to $111.
Initial cost: $111
Now, that eliquid you purchased is going to run out and every so often you'll need to replace the coils (and possibly the clearomizer).
The 33ml bottle of eliquid you purchased, assuming you use the Canadian average of 3ml per day, should last you 11 days.
You're going to have to replace the coils every 2-3 weeks (depending on usage). We'll take 2 weeks just to be fair.
So coils for the Eleaf iStick cost $4.50 - let's just say you get these whenever you order your ejuice.
$24.50 every 11 days equates to around $66 per month.
That's a yearly (52 weeks) total of $858 to maintain your new vaping hobby.
Even if you buy a whole new kit and different flavors to switch from every year it still makes more sense financially to quit smoking and pick up vaping.
If you're looking to make vaping a hobby then the cost will increase with every box mod (whatever e-cigarette you choose) and the different parts you decide to try out.
It all depends on your goals and vape habits when switching from smoking to vaping but in regard to the average smoker becoming the average vaper - YES, vaping can save you money.
I hope this helps you gain an understanding of the breakdown between the two! Please, feel free to contact OVC if you have more questions about e-cigarettes and vaping.
Thanks for taking the time to read this article and keep an eye out for more!