Hashtag

Entertainment

How can you protect your finances as a gambler

  • Written by Hashtag.net.au

Gambling is all fun and games until you experience losing all your money and eventually your property. This kind of addiction is real and a lot of families were destroyed because of this. Casinos are the breeding ground of gamblers especially now that there are online casinos scattered across the web.

Here are ways to protect your finances as a gambler:

Track Your Monthly Expenses

One of the best ways to do this is to track your monthly expenses. All the money that you received and spent must be listed either on your paper or in a spreadsheet (digital ledger). In this way, you can see if there are fluctuations in your fund spent on recreational activities like gambling.

Open a Long-Term Deposit Account

To prevent yourself from spending everything you have, try opening a long-term deposit account that you can’t open for at least 5 years. This is a wise step that you can take to save for the future. You will pay a hefty amount of fines and taxes when you try to withdraw from a deposit account before the end of 5 years.

Set a Limit on Your Credit Card

Another way to limit your monthly expenditures is to limit your credit card to a reasonable amount depending on how much you earn monthly. You can go to your credit card provider and ask for their assistance.

Nowadays, especially in Australia, there is a long list of online casinos that are easily accessible (e.g. casinoranking.lv) especially for those who have credit cards. You can background-check them to ensure that they are safe to transact with.

Talk to Your Bank to Prohibit Your House from Being Remortgaged

This is an absurd way to protect your finances as a gambler but it’s better to be safe than sorry. In casinos, either online or in-person, there’s a tendency for gamblers to lose all the money they have when they are enraged by losing games continuously.

Set a Monthly Allowance

When you don’t have a credit card (which is most recommended to save yourself from future debts), set a monthly allowance that you can only spend for necessary expenses and recreational activities like gambling. Use an expense tracking app on your phone to set a realistic budget for the whole month.

Attend Weekly Therapy Sessions

To spend your money wisely, you need to think wisely. You can’t do that if you have mental health issues that need to be addressed. Get a therapist either in-person or online to resolve your gambling addiction tendencies. If you are sane when playing casino games, then there’s a low probability of destructive financial decisions.

Gambling is a fun activity especially when you are on a vacation or when you don't have anything to do. However, you need to make sure that you protect your finances from gambling to prevent you from getting burdened with huge debts in the future.

News Reports

Buying Your First Family Car? 4 Things To Consider

Buying your first family car is a big decision and financial purchase, you want to make sure you get the perfect vehicle. Before you can head to the dealership and secure online car finance, there...

NewsServices.com - avatar NewsServices.com

Why Australians Are Opting out of College

A survey by the Australian Government revealed that a staggering 46 percent of college-aged Australians opt-out of college. Getting a tertiary education might be a dream come true for a lot of people ...

NewsServices.com - avatar NewsServices.com

Safe on the move: forklift personal protective equipment

Employers know that protecting their team is priority number one. Not only can illness, injury, distraction or discomfort cause serious ongoing health problems for employees, it can also cause sev...

NewsServices.com - avatar NewsServices.com

5 tips for building a shipping container home

Shipping container homes have been all the designer rage in the last few years, with Instagram-worthy styles popping up all over the world. There is something so cool and funky about the shipping ...

NewsServices.com - avatar NewsServices.com

Top Reasons To Consider Enrolling Your Kids In A Private School

Sending your kids to a private school for first-class education has numerous benefits. For example, with the COVID-19 pandemic, many private learning institutions such as The King’s College have i...

NewsCo - avatar NewsCo

10 Steps To Writing A Will - A Comprehensive Guide

When it comes to writing your will, time is of the essence.  Don’t be tempted to put it off until you’re old, sick, or have spare time with nothing to do. After all, none of us knows what the f...

NewsCo - avatar NewsCo

8 Best Sites To Buy Instagram Followers, Likes & Views From

Social media is one of the great things technology has introduced to the world. Gaining online followers, especially on Instagram, is very crucial. First of all, it is essential to those who have ...

NewsCo - avatar NewsCo

Is It Worth Scrapping A Car?

Selling your old and scrap car isn’t an easy task. It includes substantial time and efforts to discover potential car scrappers who accept all vehicle types happily. Additionally, you need to burn t...

NewsCo - avatar NewsCo

Health & Wellness

8 Healthy Habits To Incorporate Into Your Routine

NewsServices.com - avatar NewsServices.com

Due to the continuing pandemic, many people are becoming very health-conscious. People recognize the importance of therapy, communication, a healthy diet, and an active lifestyle concerning their ...

Procedures That Can Boost Collagen

NewsServices.com - avatar NewsServices.com

Collagen is the hero protein that keeps our skin looking young and healthy. If you have noticed an increase in fine lines and wrinkles or feel your skin is looking dry, there is a chance your body...

A Stripped Back Anti-Aging Skin Care Routine

Hashtag.net.au - avatar Hashtag.net.au

Our bodies go through changes as we age, which can be seen in our skin, hair, and body composition. In this article we look at aging in the skin and we outline a foundational anti-aging skin care ...

Relaxation Techniques: A Way Out of Stressors

Hashtag.net.au - avatar Hashtag.net.au

Stress is a common reaction of the body when it feels tension, anger, or confusion. Too much stress can cause health issues even though it is your body's response to these emotions. For this reason, y...



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion