Giving up smoking is probably the easiest way of reducing your tax bill !
- You’d reduce your tax bill by around €2500 a year if you live in the EU, £2000 a year if you live in the UK, around a $1000 a year if you live in the US.
- Give it a go, you have so much to gain ! besides saving money…
Give up smoking 😉
Improve your chances of living a longer and happier life 😁
Save a small fortune as well € $ £ ¥ ₨ 00, 000s, 😁
The same applies to alcohol. NOTE though that I’m not opposed to the occasional glass with friends.
If you are drinking a lot on your own, then perhaps you have an issue. I used to drink up to four large cans of high strength beer, or a bottle of red wine with evening meals when I was on a downward spiral. Now I would very occasionally enjoy a glass of beer, red wine or spirit. Scotch Whiskeys have interesting tastes and I enjoy them as well, though very occasionally 😉 This is the nub of it, now I drink for the pleasure of company and the taste. I used to just glug it down out of habit.
Now I can have alcohol in moderation. I don’t have any need to “get after it” as the saying goes 🤣
I’d estimate that I save around €4000 a year from my now very modest alcohol consumption. There’s a lot of useful things you can do with 4k 😉