The Scenario
How do you budget for gambling?
Sam Savings Sam

Savings Sam
"I don't budget for gambling specifically, because I don't do it enough. However, when I do gamble, it comes from my 'Entertainment' account."
Bonnie Balanced Bonnie

Balanced Bonnie
"I normally count lottery tickets as 'Groceries', seeing that the supermarket is where I most often get tickets. As for casino gambling - that comes out of my 'Vacation' fund."
Ian Impulsive Ian

Impulsive Ian
"I don't budget for gambling, I spend whatever cash I have with me at the time."

 

Part I

If you gamble on a fairly regular basis, do you allow for it in your budget?

A budget is intended to use your money in the most effective way possible, so you’ll have enough for today and for tomorrow. If you have money left over after covering your expenses and savings—that’s fun money!

Use it for that concert or play you've been anxious to see, go out to dinner with a friend. Whatever you choose, once you have covered the basics and paid yourself (savings!) the rest is for fun!

Remember!The 'fun' portion of your budget is where gambling should fit in. If you allow yourself $100 in fun money per month, keep in mind that if you spend $75 on concert tickets and lose $50 playing bingo in the same month, you've now spent an extra $25 that isn't in your budget.

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