How much of your money only needed for gambling and others is for family - page 9.

Kevondo

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Quote from: uneng on December 11, 2019, 11:45:57 AM

I think it's a very personal question and it depends on each one life's situation. For a single person to spend 30% of his income gambling isn't a big issue, while for a father there are other priorities, that is the family, children needs... In this case 30% seems too much already.
Another situation is a retired person who doesn't have more obligations in life, has a fixed income and needs to fullfil his time with some activities, then gambling is an option and this kind of person can spend a higher % playing without compromising his life quality completely, although it's not advisable.

There is no doubt that those who gamble belong to different strata of life and they have different reasons for gambling. You have presented different scenarios where the percentage of gambling money varies depending upon the responsibilities. A man who has to look after small kids shall not spend much time and money in gambling because if he loses the bet, he is not the only one who will suffer.

FlightyPouch

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Well, this is the worst. My wife is the reason why I stopped gambling my money instead of saving for our future. In the past, I am so addicted to gambling but with her help, I did stop my addiction. I am still gambling but I am not that addicted, I can stop myself. Here's the thing, if you can't stop gambling, just think of the future of your family. You have your loved ones in your responsibility, you should take care of them and if you can't then you are the worst, they don't deserve you. If someone will be asking me how much should be I putting my family, I would say all of it but I would be lying that even some of it will not go to myself since it will be.

Twinkledoe

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Quote from: DabsPoorVersion on December 12, 2019, 05:49:11 AM

Quote from: Reatim on December 12, 2019, 04:20:24 AM

Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

thats literally wrong because remember that majority of the people are family caring person mate dont generalized the word Gambling,or maybe you are trying to say "Gamblers" instead of 'People"?because if you specify gamblers then i would agree on your statement that most of them are just finding money not for the expense of family but for their habit and vices?i have been working sometimes day and night just for my family to have a better living so i will not allow such word just because of gambling.

I think what he wanted to point out is gamblers, and not literally all the people that includes people who are really working for their family.

There are a lot of gamblers who do not think of their family but instead, they prioritize gambling as if it is their source of income. Most of them are actually not working for their families but only for themselves.

Very true! There are gamblers who are already in the deep influence of gambling side that they don't even care what will happen to his family as long as he's playing. This is the reason why there are so many cases of broken family owed to gambling. They forgot their responsibility because they allowed themselves to be eaten by the gambling system. They couldn't help themselves because they are already addicted to the gambling charm.

Blackdeath

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Quote from: akirasendo17 on November 29, 2019, 10:48:17 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

Indeed. I experienced not taking responsibilities because of addiction in gambling that i didn't provide the needs of my family that time, and i started to become selfish that all i think is gamble that time. But for now, i already learned and taught myself not to become useless and to become useful to my family, so i could provide the things that they need and not putting all of my time in gambling.

DabsPoorVersion

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Quote from: Reatim on December 12, 2019, 04:20:24 AM

Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

thats literally wrong because remember that majority of the people are family caring person mate dont generalized the word Gambling,or maybe you are trying to say "Gamblers" instead of 'People"?because if you specify gamblers then i would agree on your statement that most of them are just finding money not for the expense of family but for their habit and vices?i have been working sometimes day and night just for my family to have a better living so i will not allow such word just because of gambling.

I think what he wanted to point out is gamblers, and not literally all the people that includes people who are really working for their family.

There are a lot of gamblers who do not think of their family but instead, they prioritize gambling as if it is their source of income. Most of them are actually not working for their families but only for themselves.

Reatim

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Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

thats literally wrong because remember that majority of the people are family caring person mate dont generalized the word Gambling,or maybe you are trying to say "Gamblers" instead of 'People"?because if you specify gamblers then i would agree on your statement that most of them are just finding money not for the expense of family but for their habit and vices?i have been working sometimes day and night just for my family to have a better living so i will not allow such word just because of gambling.

Visbay

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Quote from: KnightElite on December 10, 2019, 01:25:03 AM

Quote from: MWesterweele on December 09, 2019, 05:42:05 PM

Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

We need to balance our money, when it comes to gambling and for family. Spend your money wisely a 30:30:40 can be good, spend 30% to gambling because that is your source of money or it is your past time and enjoyment, other 30% is for your family, family cannot be replaced by any money and lastly 40% is for savings, you may use it to other investment that can grow your money again.

Spending 30% of your income to gambling is a risky decision. The amount that you should spend is not greater than 10% if you only seeing gambling as entertainment. There are risk taker who usually spend thousand of dollars in gambling but it us okay because they see gambling as their profession so they have limitation and they have proper handling of risks.

Yeah, only expert gamblers should spend 30 percent on gaming as they know it will come back to them in more than double but those who are not worried about losing or win should not waste time the should spend some amount they don’t consider important for them so they will get benefit from it. I use to spend 20 percent but I make sure to win at the end.

michellee

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Quote from: hahay on December 06, 2019, 01:46:53 PM

Quote from: michellee on December 06, 2019, 04:42:13 AM

Quote from: bobyhodob on December 05, 2019, 11:10:32 PM

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.

The slightest calculation of this will be very important, because after all the family is the most important. Unlike the case when you make gambling as the main income, but it rarely happens. So, prioritize finances for the family even though later you do not have money to gamble but making wiser choices by prioritizing family will certainly be better.

I don't think that if we use gambling as the main income, we can make a lot of money so we can use that money to finances for the family. We can lose the money that we use for a gamble, and even there is another risk to become addicting to gambling. But with prioritizing the family, we will know how much money we should use in gambling, and we can know how long we should gamble.

uneng

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I think it's a very personal question and it depends on each one life's situation. For a single person to spend 30% of his income gambling isn't a big issue, while for a father there are other priorities, that is the family, children needs... In this case 30% seems too much already.
Another situation is a retired person who doesn't have more obligations in life, has a fixed income and needs to fullfil his time with some activities, then gambling is an option and this kind of person can spend a higher % playing without compromising his life quality completely, although it's not advisable.

henmark

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Quote from: The Cryptovator on December 02, 2019, 03:25:46 AM

It's true you should care about your family either you gambler or not. But have you seen before that any addicted person much care about family's? Even they can't filled basic want of family due to addiction. I am not telling that only gambling is the addiction. There is more like drugs and related stuff. So except addicted person everyone take care of their family's. Regular gamblers should filled first want of their family's and rest extra money could play on gambling. But when a person become addicted to somewhere then his brain couldn't work perfectly. So we can't consider them that they will keep money for their families.

You have been very true here and that's usually how a gambler's brain works. Once he gets money the only thought they feel is deposit that into their gambling account whether its sports betting or dice and win big, the problem is that we are so emotionally affected by the past losses that it is nearly impossible to forget about loss and think about not loosing more. It's a very funny and deadly loop because once you fall in this you just feel like you will cover your losses in the next deposit.

I myself had been through such times but never meant to be serious about gambling losses so never had major issues but yeah you feel for gambling as you get any money.

owengtam09

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Quote from: akirasendo17 on November 29, 2019, 10:48:17 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

Our number 1 priority is our Family, so we work hard for them and just not to put all of our earnings to gambling. Yes we can gamble but make sure that your family is not suffering because of your gambling activity, because gambling can ruin your family and not only your family but also yourself, you can become addicted into it and out of your mind if you cannot handle that addiction so be careful and think 1st your family before anything else.

Betwrong

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Quote from: Lanatsa on December 09, 2019, 12:23:38 PM

Quote from: Betwrong on December 09, 2019, 09:25:50 AM

~
I agree with you. Gambling is supposed to be for fun, in the first place, and all the fun disappears when you lose too much money with it. I mean, if you spend $10 for going to see a movie, and you somehow lose $200 in the movie theater, it's hardly a fun experience, regardless of your impression of the movie itself.

I said earlier that you shouldn't spend on gambling in one day more than 10% of your daily income ever, and that it's better to keep it below 5%. But, of course, it depends on the bills you are getting. So maybe even 5% is too much for you.

10% based on your monthly income? its just not an ideal thing to be considered on specially if its intended to be used in gambling.
Dont risk up the money for none important things and entertainment is just a second priority and if you are selfish enough to neglect or ignore your families situation
then youre a irresponsible type of person.On my side spending on non fixed amount but im sure that im not spending too much of it.

Read that again. I said, 10% of your daily income, and I meant that as the maximum. At least losing such an amount you won't commit suicide, but of course it can still be a big amount to lose. I'm just trying to be realistic in my attempts of helping gambling addicts. If you tell them, don't gamble at all, it doesn't work. Spending not more than 10% of your daily income during one whole day of gambling is a good start, but you should be aiming to spend not more than 5%.

Debonaire217

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Quote from: MWesterweele on December 09, 2019, 05:42:05 PM

We need to balance our money, when it comes to gambling and for family. Spend your money wisely a 30:30:40 can be good, spend 30% to gambling because that is your source of money or it is your past time and enjoyment, other 30% is for your family, family cannot be replaced by any money and lastly 40% is for savings, you may use it to other investment that can grow your money again.

This would not be enough if I would be the one to budget my money though I don't have my own family to feed yet, I see 30:30:40 will not be enough because we need to allocate percentage to our bills and needs other than to our family. May be the ratio for me is 20:70:10 wherein 20 would be for savings, 70 for family, bills, self and other house expenses, and 10 only for gambling. You need not to spend more money in gambling as it risk your funds if you spend too much to it.

KnightElite

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Quote from: MWesterweele on December 09, 2019, 05:42:05 PM

Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

We need to balance our money, when it comes to gambling and for family. Spend your money wisely a 30:30:40 can be good, spend 30% to gambling because that is your source of money or it is your past time and enjoyment, other 30% is for your family, family cannot be replaced by any money and lastly 40% is for savings, you may use it to other investment that can grow your money again.

Spending 30% of your income to gambling is a risky decision. The amount that you should spend is not greater than 10% if you only seeing gambling as entertainment. There are risk taker who usually spend thousand of dollars in gambling but it us okay because they see gambling as their profession so they have limitation and they have proper handling of risks.

MWesterweele

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Quote from: BitcoinTurk on December 06, 2019, 01:50:16 PM

Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

We need to balance our money, when it comes to gambling and for family. Spend your money wisely a 30:30:40 can be good, spend 30% to gambling because that is your source of money or it is your past time and enjoyment, other 30% is for your family, family cannot be replaced by any money and lastly 40% is for savings, you may use it to other investment that can grow your money again.

Lanatsa

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Quote from: Betwrong on December 09, 2019, 09:25:50 AM

Quote from: tbterryboy on December 06, 2019, 01:37:14 PM

Quote from: Savemore on December 01, 2019, 08:03:13 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

I agree with you. Gambling is supposed to be for fun, in the first place, and all the fun disappears when you lose too much money with it. I mean, if you spend $10 for going to see a movie, and you somehow lose $200 in the movie theater, it's hardly a fun experience, regardless of your impression of the movie itself.

I said earlier that you shouldn't spend on gambling in one day more than 10% of your daily income ever, and that it's better to keep it below 5%. But, of course, it depends on the bills you are getting. So maybe even 5% is too much for you.

10% based on your monthly income? its just not an ideal thing to be considered on specially if its intended to be used in gambling.
Dont risk up the money for none important things and entertainment is just a second priority and if you are selfish enough to neglect or ignore your families situation
then youre a irresponsible type of person.On my side spending on non fixed amount but im sure that im not spending too much of it.

Betwrong

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Quote from: tbterryboy on December 06, 2019, 01:37:14 PM

Quote from: Savemore on December 01, 2019, 08:03:13 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

I agree with you. Gambling is supposed to be for fun, in the first place, and all the fun disappears when you lose too much money with it. I mean, if you spend $10 for going to see a movie, and you somehow lose $200 in the movie theater, it's hardly a fun experience, regardless of your impression of the movie itself.

I said earlier that you shouldn't spend on gambling in one day more than 10% of your daily income ever, and that it's better to keep it below 5%. But, of course, it depends on the bills you are getting. So maybe even 5% is too much for you.

Ahimoth

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Quote from: tbterryboy on December 06, 2019, 01:37:14 PM

Quote from: Savemore on December 01, 2019, 08:03:13 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

It doesn't hurt us as long as we manage it so well, just avoid overspending so you won't regret in the long run. We should manage our desires in playing or betting with several gambling games, because it may ruin our family budget. Only bet once a months or minimize the instances that's prone to wasting money just for gambling.

BitcoinTurk

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Unfortunately, many people do not save money for their necessary expenses, but often find or save money very quickly for gambling. This is the biggest problem of our time and an important factor in the destruction of families. I know people who do not have the money to buy food but can find hundreds of dollars to gamble very quickly. There are also many people who gamble with debt and lose their assets because of gambling. Unfortunately, people are dreaming about making big money while gambling and therefore losing constantly.

hahay

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Quote from: michellee on December 06, 2019, 04:42:13 AM

Quote from: bobyhodob on December 05, 2019, 11:10:32 PM

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.

The slightest calculation of this will be very important, because after all the family is the most important. Unlike the case when you make gambling as the main income, but it rarely happens. So, prioritize finances for the family even though later you do not have money to gamble but making wiser choices by prioritizing family will certainly be better.

Topic: How much of your money only needed for gambling and others is for family - page 9. (Read 2820 times)