Do you forget about gambling when you don't have any money? Find out how you can use money management to help you quit or cut down on gambling.
Most people find that if they have cash in their pocket they are
more likely to gamble. Many people who successfully stop gambling
find that getting their cash flow under control is
Sometimes it is difficult to face the financial reality caused
by excessive gambling.
Some gamblers chase their losses in the hope they will win and
be able to pay their debts. However, this generally makes matters
worse and only adds to debt. The more people gamble to try and win
back losses, the more debt they accumulate.
The sooner you start taking steps to manage your cash, the
sooner the financial costs of problem gambling will decrease.
There are simple steps you can take to help get your finances
back on track.
- Making a budget can give you a clear view of your
finances and the proportion of your income going towards
- If you want to cut down or stop gambling it is helpful to
protect your assets from the danger of spending more
than you can afford if you do gamble.
The bottom line is that repayment of debt is part of the
recovery process from problem gambling. The best way to repay debt
is to work out a manageable amount to pay off each week or month.
As each day passes, the debt will get smaller and you will be
learning better money management skills.
For help with managing your finances or learning how to