Gambling Bankroll

[Mousey]

Where does your money come from?

Before we ever went to Tunica for our very first gambling trip, we set up a separate (free, no minimum) checking account and saved up -- just like for a vacation. Any extra money went into the account.

And we still keep our money separate today. Anything extra... software rebate checks, unexpected refunds, etc., all go into the account. Whatever money we brought back from the casino trip would go right back into the account. We had it built up pretty good -- but lately it's gotten low as BJ and VP have been very bad to us for the past 2 years. But so far, we've been able to keep recycling to and from that account without dipping into our regular checking account. (crossing fingers, knock on wood, and all that)

[NASHVEGAS]

Where does your money come from?

Before we ever went to Tunica for our very first gambling trip, we set up a separate (free, no minimum) checking account and saved up -- just like for a vacation. Any extra money went into the account.

And we still keep our money separate today. Anything extra... software rebate checks, unexpected refunds, etc., all go into the account. Whatever money we brought back from the casino trip would go right back into the account. We had it built up pretty good -- but lately it's gotten low as BJ and VP have been very bad to us for the past 2 years. But so far, we've been able to keep recycling to and from that account without dipping into our regular checking account. (crossing fingers, knock on wood, and all that)

Great and interesting question. Also, I admire your discipline and money management skills and saving methods.....I think it varies for everyone from the extremes of the addicted who go to lengths including manipulation beyond comprehension (I am even aware of it on this forum as recently as y-day) to the wealthy who have the assets earned over years of hard work (or possibly other means) and then everything in between!...I personally use Lines of Credit but not as a means of borrowing as some forum members seem to think about casino LOC's. Any markers I sign are backed by discretionary liquid assets. If not, as Robwin recently pointed out using markers not supported by one's assets is a recipe for financial disaster and imo should be avoided and not allowed but unfortunately casino's credit departments due diligence is poor at best. How can the bankrupt consistently be extended casino credit??? Happens all the time!...JMO

[winbig]

I have to agree with Nash..the way I see it is if you can't afford to pay cash for something, you really don't need it. Gambling is a want, not a need.

[Mousey]

I totally agree. The key is 'disposable' or 'discretionary' funds. Whether online or B&M never gamble with the grocery/rent/mortgage/utilities money. Bills paid first, gambling/vacation later.

Actually, that's what got me to thinking about this. When going gambling recently a coworker said he takes his most recent paycheck to the casino -- rent/utility bill be damned. "It'll wait" he says.

[NASHVEGAS]

I totally agree. The key is 'disposable' or 'discretionary' funds. Whether online or B&M never gamble with the grocery/rent/mortgage/utilities money. Bills paid first, gambling/vacation later.

Actually, that's what got me to thinking about this. When going gambling recently a coworker said he takes his most recent paycheck to the casino -- rent/utility bill be damned. "It'll wait" he says.

That reminds me I need to go check my FICO's as I do every quarter for accuracy mostly! And not a bad idea with ID theft especially for all online gamblers with the information we are required to give out. Haha, Mousey, looks like G is also paranoid. Hope there have not been any inquiries by our friends in Washington...gonna go do while I am thinking about!

[littlebit]

Actually, that's what got me to thinking about this. When going gambling recently a coworker said he takes his most recent paycheck to the casino -- rent/utility bill be damned. "It'll wait" he says. [/QUOTE]

Good thought provoking post. I've had people ask me for loans to pay their rent or assorted other bills because they had gambled their money away, trying to win the "big one". When I wouldn't prop up their gambling problem, I was accused of not being there as a friend and lectured on how one person needs to help another. Their state of denial is a really sad thing to see.

I'm paid on a monthly basis. When my nickel a month salary from GoneGambling is in the bank ,monthly bills are taken care of first, and the remainder, except for a small "play" allowance, goes into savings. When that's gone--that's it for the month.

[classymom]

My gambling money comes from the overtime I put in @ work. My husband and I made a pact any extra money we earn can be spent the way we want. Its sometimes alot and sometimes its nothing. Not all my extra money goes to gambling mind you but it is the only source for it.

[NASHVEGAS]

Good thought provoking post. I've had people ask me for loans to pay their rent or assorted other bills because they had gambled their money away, trying to win the "big one". When I wouldn't prop up their gambling problem, I was accused of not being there as a friend and lectured on how one person needs to help another. Their state of denial is a really sad thing to see.

Well said and too bad some are so manipulated that they enable other's serious problems!.....That said, I do think there are responsible gamblers. Having checked my credit just now, I think below is a real winner screenshot. (I do understand bad things happen to good people but all should be as responsible as Mousey with gambling. Also, most that know me prolly can not understand my 4 figure average bets in BandM's or how I give back in entirety nice winnings online but as I have stated before it is all relative and I believe this screenshot proves what my real priorities are)....Best to all and if one has a serious problem like the one that got Mousey thinking there is help including much good info on this site but you have to want to help yourself!..Lecture over!!

[classymom]

Nash that is the best screenshot I've ever seen I'm so jealous. Mines good but that is awesome

[Mousey]

Good thought provoking post. I've had people ask me for loans to pay their rent or assorted other bills because they had gambled their money away, trying to win the "big one". When I wouldn't prop up their gambling problem, I was accused of not being there as a friend and lectured on how one person needs to help another. Their state of denial is a really sad thing to see.

I'm paid on a monthly basis. When my nickel a month salary from GoneGambling is in the bank ,monthly bills are taken care of first, and the remainder, except for a small "play" allowance, goes into savings. When that's gone--that's it for the month.

You've got it, Littlebit! That's what drives me nuts... the coworker that will blow his paycheck (and a weekend he could have worked overtime for extra bucks) is the same guy that will (the very next work week) ask to borrow lunch money -- which he never repays. I did it once, long ago, but now I always tell him no. (Sorry, but I got bills to pay, too.) Anyway... one day last week he asked to borrow money for lunch and I told him sorry, I was almost broke, but he was welcome to one of my PB&J sandwiches. And I must say... the guy was not only insulted but got pissed off at me. And I make good PBJ! I usually don't take any lunch w/me, but I wanted to work through lunch that day.


Nash... that's lovely! I don't worry about you gambling too much. I'll just worry about you breaking the bank at the 'Shoe. (Just please don't hurt Starbucks.)