I absolutely disagree with this.
If you are able to have savings after all living necessities, you can be using not more than 1% of your income on gambling. No need to think about the budgeting like it is something special.
I spend more on things that add up to me than things that do not add up.
Id have to agree with that statement for sure. Like id rather buy more shitcoin over gambling any day. Now buying shitcoins is a gamble in and of itself so maybe its just a less shittier form of gambling? Loll.
Having a whole budget for gambling though is serious. I hope your returns have bode you well OPThat's the point. Some people have a habit to include gambling in their daily life. While there are others who will prefer to put it in something they see valuable but still worthless in the end. I myself is guilty of spending cosmetics in video games. It's a waste of money for some but the excitement I get is comparable to the other things that I do.
As long as it doesn't concern our financials and doesn't interfere with our life then we should let those people do what they want with their money.
Yes there are many things that people spend money on that would be synonymous with the phrase "Money flushed down the toilet" but at the end of the day there is nothing you or I could say to stop people from buying those things. They have to stop by themselves. I personally believe people in those circumstances need a come to Jesus moment for lack of a better phrase where a drastic change is necessary for their livelihood, pressure helps people, hard times help people. When they hit rock bottom I hope they can have learned their lessons and bounce back