Everyone is aware of the high cost of addiction. It can ruin families, relationships and careers; but do you realize how much addiction can break you financially? Addicts and their families pay a hefty financial penalty for continuing an addiction; this loss can be in the form of wages, job opportunities, and expenses relating to your addictive substance. There is also a large financial cost to society to care for addicts in the form of law-enforcement, rehab programs, health care costs and housing costs of prison. Included here are a few ways addiction will affect your personal finances.
The most obvious cost of addiction is in purchasing your substance of choice. Alcoholics who drink a cheap six-pack of beer each day are facing yearly costs of close to $2,000. If your addiction lies with hard alcohol or spirits, the costs could easily triple. For those with serious medication abuses or illegal drugs, you could be looking at costs nearing $20,000 per year. [Read more…]