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Are you chewing your future

If you are a pan masala regular, here is a simple calculation of how much you can save if you quit cosnuming the stuff. If a 35-year-old addict kicks the habit, he can save up to Rs 5.6 lakh by the time he celebrates his 60th birthday. Here's how:

Print Edition: December 28, 2006

If you are a pan masala regular, here is a simple calculation of how much you can save if you quit cosnuming the stuff. If a 35-year-old addict kicks the habit, he can save up to Rs 5.6 lakh by the time he celebrates his 60th birthday. Here's how:

Cost of three pouches: Rs 15

 Monthly cost

Rs 15 x 30 = Rs 450

 Yearly cost

 Rs 450 x 12 = Rs 5,400 in 25 years

 

If that money was invested every month in a scheme that gave a 10% return annually, it would grow to Rs 5.6 lakh in 25 years.

And we have not even factored in the future rise in prices of pan masala over the years or the immeasurable civic benefit of fewer people consuming the chewable mouth freshner.

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