While I do keep track of my monthly expenses, it is unfortunate that I don't categorize or classify them. So at the end of each month I don't know how much went to food, to gambling, and so on. But I feel like there is really no urgency to keep track of my gambling expenses as I am simply a moderate gambler. I'd like to believe that I still have full control over my gambling hobby.
I remember there was a betting platform which shows you an overall picture or even graph of how much you've totally gained or lost. I wish this is also available in my platform.
Topic: Weekly/monthly financial statements, which do you prefer? - page 9. (Read 1517 times)
Keeping track of financial records is an effective way to restrict thyself from spending without limits. Now this has been made easier with the bet archive that can be viewed. Myself used to note the wallet balance before starting to gamble. From that I'll note by the end. This will get me the profit/loss on gambling for that session.
Although I don't have records, I think it's okay to put it on the record for both types, weekly and monthly. As you put record for your weekly budget and how much you've spent in gambling, you can merge the record and see how much you entirely spent within a month.
Having both records will be good for you to track if you're spending much without any emotions that you have to stop or you'll feel regret that you've spent a lot because you didn't controlled yourself doing it.
Having both records will be good for you to track if you're spending much without any emotions that you have to stop or you'll feel regret that you've spent a lot because you didn't controlled yourself doing it.
When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
There's no need for me to have weekly or monthly statements I am allocating funds to my gambling activity on a weekly basis, when it comes to something that involves money where you are not guaranteed of return I don't want to track it, this is money are what I am willing to lose and if I am going to compute I will just get disappointed seeing the numbers or the amount
I am ok with how I play and I allocate, even if you are well organized in your finance, there's something that you don't want to track for me its gambling.
I'd prefer it should have financial statements rather than nothing besides if there's something you could see you'd have an idea the next time on what you could do or why this has been the outcome. I think gambling sites has features already highlighting this financial statements or gambling history. Even just gambling history you can do math by yourself, put it on spreadsheet or something then compute it.
Monthly statements, just so that I can match it with my monthly income plus a few other beer money incomes that I get from time to time. Makes things a lot easier and I wouldn't need to excessively check it every time compared to when I do it weekly. Not to mention that with monthly statements, it makes budgeting a lot easier for that said month, since it's a lot easier to limit it by then and I wouldn't have to necessarily increase or decrease it in any circumstances.
And it's not like I play on a weekly basis anyway, I play whenever I want when I still have a budget allotted to my gambling purpose, at least when I used to gamble anw.
And it's not like I play on a weekly basis anyway, I play whenever I want when I still have a budget allotted to my gambling purpose, at least when I used to gamble anw.
Hey man, yes, this is necessary, in fact I read that someone mentioned that they preferred not to know because it would make it painful, really!
Sometimes you do not need to have details, but at least you should know approximate totals or estimates.
In the long run it doesn't matter how old you are or what your responsibilities, you have to have an idea of your income/expenses if it is daily, weekly, monthly depends on each individual.
Sometimes you do not need to have details, but at least you should know approximate totals or estimates.
In the long run it doesn't matter how old you are or what your responsibilities, you have to have an idea of your income/expenses if it is daily, weekly, monthly depends on each individual.
I do have my monthly budgeting tracker where I use my own format on an excel file, and every expense and profit I incur I always input and every month I do my own assessment if I did the right thing for that month and if not, I have to adjust my budget again. This is very helpful and if the records is available in casinos, then you can have it for a monthly basis and see the things that you need to adjust right away.
If you are less in control or have had issues in the past, weekly is the best option because it will keep you up to speed of what you have really spent. Personally, I do not need either because I keep good track of my expenses, investments and income. For someone like my, monthly is even bothersome. For someone who tends to check every month and gets the paycheck also monthly, the best would be to get it right with the rest of the bills that are due.
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
if the gambling sites were sending the weekly or monthly statistics of the profits from the profits or losses that each player has I think the gambling sites would lose a lot of customers because what happens is this:
person X spends a lot of time playing and losing, then he wins a few times and there are times when he loses and then he has a big win and the person thinks he is making a profit or that he has recovered all the losses and keeps playing, but if the site of gambling show the losses and profits constantly, people will be able to realize that they are only having losses and will stop playing
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interesting, I think it would be better if I get financial statements on a weekly basis on a gambling siteI also study accounting. in a company, healthy financial reports are daily but for an individual who gets a monthly salary, weekly financial statements are quite good
why report weekly so that we can control expenses accurately and consciously
we can estimate how much money we will spend in the following week
I don't think casino sites will do this additional job as you can already see your history in their site itself.
Some sites - you can choose your transactions (deposit/withdrawal) to show depending on the inclusive dates you want to see.
I have never encountered any gambling site that has done this kind of service so far.
But if there is, that would be good. But right now, you can easily check your transaction history/your bets in the site itself.
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interesting, I think it would be better if I get financial statements on a weekly basis on a gambling siteI also study accounting. in a company, healthy financial reports are daily but for an individual who gets a monthly salary, weekly financial statements are quite good
why report weekly so that we can control expenses accurately and consciously
we can estimate how much money we will spend in the following week
I'm more comfortable with monthly tracking of my finances.
However, I have a separate tracking for my gambling activities as I had already built a bankroll for it, in fact, I don't consider it as part of my monthly expenses, I consider it like a business where my purpose is to grow that bankroll and be profitable in a monthly basis.
However, I have a separate tracking for my gambling activities as I had already built a bankroll for it, in fact, I don't consider it as part of my monthly expenses, I consider it like a business where my purpose is to grow that bankroll and be profitable in a monthly basis.
If it's gambling records of games won or lost I would go for weekly financial statement so I can track my overall performance every week which would help me in planning for the next week. For gamblers who have fixed budget financial report helps them ensure the stick to their budget and it would also give them their overall performance for the week to enable them plan well for the new week so they don't exceed their budget
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
I do have a track when it comes to expenses like bills,education,insurances,needs etc. but when it comes to gambling and other side hobbies then i dont really tend to make some tally or recordCan you share your thoughts please?
because you would just be regretting on seeing when you do see the total on what you had spent.It would be good that leave it as it is and wont really be minding on how much you
had totally spent.
When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
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