Quote from: goldkingcoiner on Today at 03:52:14 PM

Quote from: Marvelockg on June 24, 2025, 07:25:08 AM

Fact is that if you've never paid attention to how much you spend on your minor wants, chances are high that you can never make proper budgeting for your gambling.

Sometimes, the amount we spend on things that don't add anything to us is always more than the amount we spend on gambling and for gambling expenses, it's even better because there's a chance that you might win and get a return from what you've put into it but for the regular expenses, once it's gone it's gone for good and it's easy to spend so much on small items without even knowing that a lot is already going into such as long as you're not taking record of such expenses.

If you want to practice proper gambling budgeting and see that it works effectively, you first have to start from personal budgeting and then you can easily implement it in your gambling.

What's your take on this?

You can budget however you like, but always make sure to leave the necessary money aside. Bills must be paid, family must be fed, savings set aside and so on... Whatever is left is yours to do with as you wish. Although personally I only gamble the smallest possible amounts because my goal is entertainment, not making an (impossible) income from gambling.

10% of whatever is left of my disposable income is my budget.

Although maybe for some people this amount would not be very much because they would rather spend thousands of dollars in gambling.

Self discipline is key, budget comes second.

Recording expenses that have been spent on shopping for necessities seems more effective to do than spending on gambling, because shopping for necessities is a top priority for everyone and of course there must be a breakdown of the money that has been spent so that it can be a benchmark according to the income we have. Unlike gambling, gambling does not have to be done continuously; in other words, if we have more funds outside of daily needs, then it would be much better if the gambling we do is from those funds, of course with the consequences, and making gambling for entertainment that is used from funds outside of needs and does not have to detail the budget that has been spent on gambling