The old saying of money going up in smoke is about to ring even more true, thanks to the Government's Budget announcement that taxes on cigarettes are set to rise.
It means that by 2020, a pack of 20 cigarettes will increase to about $30 from the current $20 after the hefty increase comes into play.
Each year, on January 1, the tax will rise by 10 per cent, bringing in an extra $425 million.
For smokers, it is going to mean having to find extra cash when it comes to indulging in their habit. And the news came just ahead of World Smokefree Day, which falls tomorrow.
If you ask me, good on the Government for introducing the new tax.