What's the Scenario?
How do you budget for gambling?
Sam Savings Samantha

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. That's where all the money for things like tickets and nights out on the town comes from."
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 Irene

Impulsive Ian
"I pay for my tickets and casino outings as I go."

 

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 putting some aside as savings - that’s 'fun' money!

Use it for that outfit you've had your eye on at the mall, or go get your nails done. 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 at the casino in the same month, you've now spent an extra $25 that isn't in your budget.

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