|
mom is getting mad
im 28 years old and i like to gamble but when i spend my moneymy mom gets mad at me for spending it. i realize i need to quit spending all of it but i dont know when to stop. can someone give me some advice on this it would be appreciated. thank you
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Personal Finance?
well first understand you have a slight gambling addiction. you have to want to stop.
make a list of all the things you can do if you dont gamble it. do you spend 100 a week on gambling? whatever it is, think about what you can do with that money. put it in a savings account every week, pay the bills , credit cards, etc. do some shopping, etc etc.
when to stop spending. well it depends how much you make in a paycheck. lets say you get a 500 paycheck. how much would you make in a month? maybe 1,000? (assuming there are 2 paychecks per month)
well if rent is 700 a month * i dont know what your situation is, just examples**
and lets say you have a roomate so you pay 350.
so 350 rent
200 gas
100 savings account
100 food
100 for yourself
100 credit card bills/cell phone etc
see i dont know what bills you have or how much you make, these are all things you need to budget. budget yourself.
1- estimate how much you make per month.
2-make a list of your financial responsibilities and roughly estimate your monthly spending priorities.
3- then do the math and see how much money you have for yourself to spend on your personal interests.
good luck!
]
I have a money problem too.
The first step is realizing you have a problem. Set yourself a goal. Do not go anywhere you can gamble no more casinos etc. Try giving yourself an amount of money you will spend a day put the rest in the bank and don't touch it. Only buy what you need, Treat yourself once in a blue moon but don't go crazy over something that is not worth having.
Bahaima22
]
Its very hard to advise you on gambling responsibly if you actually have a real problem. Now I am not saying you do, I cant tell from this little information, but some people just cant stop.
If you like to gamble and you think you can do it responsibly, this is what you should be doing. First you should set a certain amount of money aside that you are willing to lose. Accept the fact that the odds are stacked against you in every gambling endevour (I dont count poker here unless one is a bad player... then its just gambling).
Anyway, once you have done that, and you have come to terms with the fact that what you are doing is buying yourself some hours of "fun", then you can gamble. Once you have lost the money however, you stop.
Never ever play it by ear. You need to make a budget for this, exactly the same way that you would make for any other activity that costs money.
Second, I would really familiarise myself with the odds. You might have done so already, but many gamblers have a misguided sense that they can beat the house. A decent knowledge of statistics and probability helps.
Finally, if you find that you cannot gamble responsibly, that you must try just "one more time", then you must quit. Some people just cant handle it once in a while. Its not unlike drinking actually if you think about it. So, if thats the case, save yourself a lifetime of debt and family problems and quit right away.
Good luck.
]
More Questions: |