Quote from: virasog on Today at 03:17:05 PM

Quote from: shield132 on July 01, 2025, 03:52:30 PM

In my region, salary lotteries are very popular in many workplaces. I don't know what's the exact English term for his but we call it that name. The purpose of salary lottery is that 5-6 employees collect together and they play lottery. The first winner gets the salary of every worker, in the next months the second winner gets everyone's salary and that's it. There isn't a random winner, everyone gets their salary back but the fate of who is the first person to receive the salary is decided via a simple coin flip.

For example, imagine that there are 6 people and salary of each person is $1000. They determine via coin flip who is the 1st, 2nd, 3rd, 4th, 5th and 6th. First gets $6000 in the end of the month, in the next month, the second gets $6000 and in 6th month, the 6th person gets $6000. You may ask me how do they live for 6 months without a salary? Family members take care of them. Too many people work for fun because sitting at home is boring for them but they don't have enough money to have fun too.

In my country, we also have such type of lottery but we usually do not put whole amount of our salary in these funds. In our case, we decide that the lottery is of 1000$ (an example) and there are five people contributing 200$ each month. So we have a lucky draw and the names are found in the order of one to five, with the first person getting 1000$ in the first month, then 2nd person getting his 1000$ in the 2nd month and so on until everyone gets their share.

Usually it is difficult to save money individually and people use this method to get their savings and then when they get that lump sum amount, some may use it to meet their big expenses.

It is just that too much if we do speak about putting up all the salary that we do have that for 1 month. The good thing on here is that you do able to get that 6x the amount but just like on what most people been saying on here is that on the moment that you would be able to get those amounts or simply your turn then you would be that needing up that proper budgeting or else you would be ending up on miserable at the time or moment that you do end up on having no proper handling when it comes to those funds that you have been able to obtain. It might that sounds or looks that good when it comes into this manner but on the moment that you would be mismanage those funds then you would be ending up on having those issues. Salary lottery isnt that common here in our place but there were those people might be that doing this on silent matter.

We do know that there would be those individuals who would be that loving or wanting to have some fun such as this but actually having no salary for 6 months is no good or something that be giving out that kind of advantage yet but rather this would be that risky on which just like been said that proper fund management will be that recommended on this case.