The pack-a-day smoker can save around $1,200 per year by vaping.Time Magazine Logo

According to a new study published by Public Health England on Wednesday, vaping is 95% less harmful than their smouldering counterpart.

The study, which was not funded by the tobacco lobby but rather the U.K.’s Department of Health, also noted that around half of the general public falsely assumed vaporizers and e-cigarettes were as unhealthy as a pack of Lucky’s, and that there’s no evidence vaporizers lead to smoking. In fact, the report suggested e-cigarettes as a useful tool to help people quit smoking.

What the report doesn’t mention is that jumping on the e-cig train could save considerable money compared to traditional smoking. According to NerdWallet, disposable e-cigarettes will mug you an average of $1,387 per year if you’re a pack-a-day smoker—considerably less than the $2,569 equivalent yearly cost of the real thing. While it’s still enough to make a dent in your budget, the savings could be critical for many.

If you really want to get that cost down, you can sacrifice some convenience and buy a reusable vape with liquid refills, getting the cost down to about $500 to $600 per year—an average savings of over $2,000. Well, it could save you that, plus a couple decades on your life.

Of course, smokers would save the most–and enjoy the best health and longest lives–by kicking the habit in all forms.

Article reposted from Time Magazine