Did you know that according to Addictions.com, over 80 % of American adults gamble every year? Nearly 5 % of gamblers face different types of gambling problems (lies to cover up losses, irritability when not gambling …), and as many as 750,000 young people between 14 and 21 develop a real gambling addiction. As stated in a survey conducted by the Connecticut Council on Problem Gambling, some people lose an average of $115,000 over their lifetime.
Why stop gambling?
Short term gains happen, and some of them can really be a life-changing event. However, on the long run, gambling is a losing game financially as well as a waste of time if not considered as pure entertainment.
So how to stop gambling and save money?
Find Alternatives to Gambling
Do not go to places where gambling is made easy
Think about all the negative aspects of this habit
Spend more time with the people you love or care about
Save more money
Spend some of it by taking a trip, in some new destination for example, and use the rest to invest in order to have more money in the future. Here are some ways to invest.