OMG, that's right, I forgot that you were a smoker before you started riding bike not that long ago! Congratulations AGAIN for kicking that totally NASTY habit! (from one who was there)
It's not even the money for the cigarettes themselves so much as the major money you would have spent on illness and doctors visits as the smokes made you more and more unhealthy every year. That's where trading your smokes for a bike and a new lifestyle is going to save you heartbreak, pain, and untold thousands over the years to come. Plus, you will be gaining muscle and losing fat and your heart and lungs will get stronger and healthier from the exercise, not only from the stopping smoking. What an incredible gift to give to your husband!

What's a few hundred bucks in good wool clothes compared to that?

My DH loves riding too, and though he buys fewer biking clothes than me, he still buys his share of "good stuff" of various brands. We kid each other....when he gets a package I say "Sweetheart!-your daily bike parts delivery is here!"
And when I get a package (even if it's the only thing I've gotten all week and it's just a used book from Amazon or some vitamins or something) he'll call out "Sweetie!- your daily Ibex delivery is here!". We have fun with it, even when we are not buying anything.