How much of your money only needed for gambling and others is for family - page 10.

tbterryboy

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Quote from: Savemore on December 01, 2019, 09:03:13 AM

Before you allocate your money in gambling, determine first your daily expenses, monthly bills and all of the things that you need to pay. Allocate only small amount money in gambling. If you have good risks management then you can protect your capital as well as your profit.

You have made an excellent point. Gambling must be done with extra funds, while I agree all money is good and nothing is extra but what I mean by extra is the amount of money you feel you can spend on your hobbies. That ways helps overcome your gambling problem too because once you lost all your money you actually intended to spend on rides, fun, movies,etc then you start feeling like gambling is bad.

While if you spend the money that was allocated to bills and other important tasks then it will be no problem for you, because bills will keep on increasing while there will be no shortage of fun for you so you won't ever feel like gambling is bad or hurting you. Just gamble with money you saved for fun and see how much it hurts Wink

jostorres

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Quote from: DabsPoorVersion on December 01, 2019, 08:34:17 AM

since common thing we know in gamblers is that we can't control and resist to spend our money especially if you regularly play gambling. Being responsible is hard, even we tell that this is the only amount we spend, we can't stick to our target and it is really hard.

This is the basic difference between a addicted gambler and a person who gambles just for fun while his source of income is something else. Usually people who are affected with Gambling Problem are those who are aged between 19-30 years because this is the stage of life where a student does not have any pressure for earning money and they usually have the mentality to make some money easily. Now this word easily is where the problem lies in, they try gambling and they win a few bets and start feeling like this is the easiest way to earn money. Now not everyone has control over their adrenaline rush and they follow what they feel is good.

The end is disastrous - I have seen people go bankrupt, loans from friends been taken and spent in gambling and it's hard to make a com back. So, yeah have some control when you are gambling and see it as a extra activity.

michellee

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Quote from: bobyhodob on December 06, 2019, 12:10:32 AM

I don't have a certain calculation
but the most important thing for me is do not involve family consumption money to gamble, if you lose you will again try to recover but most people will increasingly your lose.

That is what we did in gambling. We still try again and again if we lose and we want to recover the loss because the money that we lose is not all for gambling, but some of that money is for our family. And if we cannot recover that money, it means we will not be able to buy something for our family. If we did that, that means we risk the money for our family, and maybe we must divide it for small money to playing gambling.

Triffin

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Quote from: desticy on December 04, 2019, 01:18:56 PM

Many people do not understand what personal responsibility is. When you have a family and children you have certain obligations that do not allow you to act recklessly.
You must accept the responsibility that is assigned to you in raising your children and maintaining your family, and it is also very important to take it for granted.
This means that you can spend only the money that does not harm the well-being of your family, because the family should be in first place, and you in second.

Yes it’s not good to put all your money in gaming at once it’s really good to gamble but gradually we should increase our amount of investment of betting. Managing our gambling is important as font spend blindly even if its gambling or any other investment. As small investment at begging will be small risk but keep learning along with it.

onrise

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Quote from: tvplus006 on December 05, 2019, 12:36:07 PM

You can not divide the budget into 2 parts, one for the family, and the other for gambling. Family should be in the first place for every person. But if the budget allows you to take a little of it, you can spend on your favorite game.

This is true that priority needs to be set and family time obviously will be first and still if anything left extra then only gamble and that too it should be for fun and not to make money out of it as you may lose and play with more money meant for family .

bobyhodob

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I don't have a certain calculation
but the most important thing for me is do not involve family consumption money to gamble, if you lose you will again try to recover but most people will increasingly your lose.

iamsheikhadil

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Quote from: lablab03 on December 05, 2019, 09:34:29 PM

Any amount . But make sure you have safety in your pocket which is don't spend too much because gambling is very risky and you have no idea if you have more chances of winning . Ensured everything that can avoid regrets at the end and always bear in mind to play safe because that's the basic strategy.

We both know how that's impossible Tongue

I mean, it's like saying, you will have 10 wine bottles infront of you and you know they are unhealthy so you should only take 1/2 a glass and then leave the room even though no one would stop you drinking physically xD addiction specially gambling is something which one can't even trust themselves!

maydna

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Quote from: lablab03 on December 05, 2019, 09:34:29 PM

Any amount . But make sure you have safety in your pocket which is don't spend too much because gambling is very risky and you have no idea if you have more chances of winning . Ensured everything that can avoid regrets at the end and always bear in mind to play safe because that's the basic strategy.

As much amount as we can get in gambling, but I am not sure that we can get that money because it is hard to win big in gambling. Perhaps, we can split our money in the pocket into two parts, one for a gamble, and the other for taking back to our home. But as we know that playing gambling will have full of risk, it is better we also limitations our money to be used in gambling and don't wait for a long if we need to stop the games. We must make sure that we still have money in the pocket and don't regret if we lose some money because we still have another money in our pocket.

lablab03

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Any amount . But make sure you have safety in your pocket which is don't spend too much because gambling is very risky and you have no idea if you have more chances of winning . Ensured everything that can avoid regrets at the end and always bear in mind to play safe because that's the basic strategy.

GreatArkansas

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Quote from: vintages on December 05, 2019, 06:23:37 PM

It's very unreasonable for one to gamble away their fund while they have family to feed and cater for; I totally will never support this.
(..)

Also because, they have eager to win some so they can feed more their family, it's like greed. They don't know the risk, gambling first beforr feeding the family is the dumbest idea for sure. And there are also some people who are into gambling but they have some financial problem or maybe csn say experiencing poverty.

vintages

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It's very unreasonable for one to gamble away their fund while they have family to feed and cater for; I totally will never support this.
In fact, I suggest that anyone who find it difficult to care for their family should never gamble, it's as simple as that. People like that can easily slip into addiction and try to make gambling as their main job without any other sources of income.

Asuspawer09

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Quote from: akirasendo17 on November 29, 2019, 11:48:17 PM

Why it is very important to always have control when gambling and its the number one we should have

Many people gamble without thinking and spend all his/her money remember that you spend hours earning that money for your family and also for yourself but our responsibility is bigger
than anything else, because there are times that we for about this things, and forget that we have a family to feed for me its okay to spend some money for gambling but there are rules you
need to control your emotions because i saw people who spend all their money while their children have nothing to eat, bills not settle and at the end of the day they spend their times in the
streets ending is the commit crimes children don't go to school i hope everyone will remember this and be able to help everyone here , what im saying is its okay to gamble but don't compromise
your families

Getting addicted in gambling could surely make you lose all of your money and it is important to be dicipline especially in gambling because it is very risky for a lot of people. It is very risky to invest all of your money in gambling sharing this in your family could be a good thing since you could all have a great profit in gambling but spending all of the money of your family is not a great idea at all.

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Quote from: tvplus006 on December 05, 2019, 12:36:07 PM

You can not divide the budget into 2 parts, one for the family, and the other for gambling. Family should be in the first place for every person. But if the budget allows you to take a little of it, you can spend on your favorite game.

well, youcould definitely take a % of your monthly budget and use it for whatever, specially if your family is well attended already.

I'd say 10% of everything you earn is always for saving (like "the richest man in Babylon")
and wouldn't get more than 5% monthly to gambling, actually, safer to be between 1-3%.

tvplus006

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To the Moon

You can not divide the budget into 2 parts, one for the family, and the other for gambling. Family should be in the first place for every person. But if the budget allows you to take a little of it, you can spend on your favorite game.

jhonjhon

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Quote from: GreatArkansas on November 30, 2019, 12:28:04 AM

Quote from: akirasendo17 on November 29, 2019, 11:48:17 PM

Many people gamble without thinking and spend all his/her money remember that you spend hours earning that money for your family and also for yourself but our responsibility is bigger(...)

Exactly! And as I also observed some of the people that maybe we can say "below average" people or poor are still gambling, I don't think it will solve their poverty.

And also consider those people who are gambling just to be entertain only. Family first before everything else, you should feed first the family before spending some of your money in a very risky way which is gambling.

That’s because they wanted their family’s lifestyle to improve and some are too desperate to do it right away and they see gambling as the easiest way to get big money without really realizing the risk of losing the money they worked hard for. Their intentions are good but the ways they do are not the best way or strategy, they should always think and consider all the consequences before doing something or risking their families welfare. Family should always comes first, only gamble if you have extra money to do it or only gamble what you can afford to lose and don’t use the money that is suppose to be the money to feed your family.

Assface16678

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Quote from: Oilacris on December 05, 2019, 08:37:37 AM

Quote from: Slow death on December 05, 2019, 08:14:52 AM

Quote from: akirasendo17 on November 29, 2019, 11:48:17 PM

Why it is very important to always have control when gambling and its the number one we should have

Many people gamble without thinking and spend all his/her money remember that you spend hours earning that money for your family and also for yourself but our responsibility is bigger
than anything else, because there are times that we for about this things, and forget that we have a family to feed for me its okay to spend some money for gambling but there are rules you
need to control your emotions because i saw people who spend all their money while their children have nothing to eat, bills not settle and at the end of the day they spend their times in the
streets ending is the commit crimes children don't go to school i hope everyone will remember this and be able to help everyone here , what im saying is its okay to gamble but don't compromise
your families

Expenses always increase every day, families have had constant fights because money never comes to pay the bills. This has always been a big headache. For this reason it is necessary to do business for money to increase steadily. Gambling has the power to bring big returns in a short time and a big loss of money in a short time. that's why gambling should be viewed only as games and not investment. I believe must be understanding where I want to go with my words, we should not look at gambling as a main source of income because it is something very risky, we have to look at gambling as a fun that allows us to make money and we have to have another source of income to pay the bills

Only fools would consider out gambling as an investment.Its never suited nor fitted into that criteria.It can give out huge profits in a short time but it would also having the equivalent when it comes to losing.

If you dont like to have problems with your family when it comes to finances then its better to avoid gambling while its still early.Set your priorities first and after that you can consider gambling for your leisure.

Sometimes people are just enjoying playing gambling and don't care how much money they spend every time they play. As a gambler, it is better if you know how to handle your money and make more profit. Playing gambling is all about knowledge and techniques on how to beat your opponents, and by this, you can win your games, not all the time you will gain profit. It may affect your income and your finances to your family because you are too much addicted to playing gambling instead of supporting your family; you are giving all of your time playing gambling. Still, it depends on the person how they handle the situation.

Oilacris

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Quote from: Slow death on December 05, 2019, 08:14:52 AM

Quote from: akirasendo17 on November 29, 2019, 11:48:17 PM

Why it is very important to always have control when gambling and its the number one we should have

Many people gamble without thinking and spend all his/her money remember that you spend hours earning that money for your family and also for yourself but our responsibility is bigger
than anything else, because there are times that we for about this things, and forget that we have a family to feed for me its okay to spend some money for gambling but there are rules you
need to control your emotions because i saw people who spend all their money while their children have nothing to eat, bills not settle and at the end of the day they spend their times in the
streets ending is the commit crimes children don't go to school i hope everyone will remember this and be able to help everyone here , what im saying is its okay to gamble but don't compromise
your families

Expenses always increase every day, families have had constant fights because money never comes to pay the bills. This has always been a big headache. For this reason it is necessary to do business for money to increase steadily. Gambling has the power to bring big returns in a short time and a big loss of money in a short time. that's why gambling should be viewed only as games and not investment. I believe must be understanding where I want to go with my words, we should not look at gambling as a main source of income because it is something very risky, we have to look at gambling as a fun that allows us to make money and we have to have another source of income to pay the bills

Only fools would consider out gambling as an investment.Its never suited nor fitted into that criteria.It can give out huge profits in a short time but it would also having the equivalent when it comes to losing.

If you dont like to have problems with your family when it comes to finances then its better to avoid gambling while its still early.Set your priorities first and after that you can consider gambling for your leisure.

Slow death

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Quote from: akirasendo17 on November 29, 2019, 11:48:17 PM

Why it is very important to always have control when gambling and its the number one we should have

Many people gamble without thinking and spend all his/her money remember that you spend hours earning that money for your family and also for yourself but our responsibility is bigger
than anything else, because there are times that we for about this things, and forget that we have a family to feed for me its okay to spend some money for gambling but there are rules you
need to control your emotions because i saw people who spend all their money while their children have nothing to eat, bills not settle and at the end of the day they spend their times in the
streets ending is the commit crimes children don't go to school i hope everyone will remember this and be able to help everyone here , what im saying is its okay to gamble but don't compromise
your families

Expenses always increase every day, families have had constant fights because money never comes to pay the bills. This has always been a big headache. For this reason it is necessary to do business for money to increase steadily. Gambling has the power to bring big returns in a short time and a big loss of money in a short time. that's why gambling should be viewed only as games and not investment. I believe must be understanding where I want to go with my words, we should not look at gambling as a main source of income because it is something very risky, we have to look at gambling as a fun that allows us to make money and we have to have another source of income to pay the bills

Betwrong

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We all know that we shouldn't gamble with money we can't afford to lose, but it's always a question what is this amount exactly? It can be $1,000 for one person, and it can be just $1, or even less than that, for another. I think for calculating this amount a simple formula should be applied.

Code:

(Money you earn per year) ÷ 365 ÷ 10 = (Amount you can afford to in one day of gambling)

In other words, it's 10% of what you make per day on average. Of course it can be still painful to lose that amount, but at least it won't put you in a desperate position when you wouldn't know how to live after the loss.

And one more thing. You shouldn't play every day until you lose that amount, because losing 10% of your income to gambling is too much. You should manage your gambling bankroll so that your losses were below 5% in the end of the year.

michellee

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Quote from: desticy on December 04, 2019, 01:18:56 PM

Many people do not understand what personal responsibility is. When you have a family and children you have certain obligations that do not allow you to act recklessly.
You must accept the responsibility that is assigned to you in raising your children and maintaining your family, and it is also very important to take it for granted.
This means that you can spend only the money that does not harm the well-being of your family, because the family should be in first place, and you in second.

Some gamblers who can accept the responsibility and they still take care of their family. It is very difficult to gamble and also make sure our family will get their daily needs. That makes us choose, which is important, and I guess that we should choose our family, and we should stop gamble. That is why we need to limit our money in gambling so we can use that money for our family.

Topic: How much of your money only needed for gambling and others is for family - page 10. (Read 2770 times)