Unhealthy relationship with money

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(@fun-has-stopped)
Posts: 188
Topic starter
 

Does anyone else go from one extreme to another when it comes to spending? I can go ages being really sensible, shopping in sales only buying what I need an saving as much of my wages as I can, then I'll blow out, be really extravagant, buying expensive things I don't even need untill all my savings are gone. This is exactly how I am with gambling aswell, go a long time thinking I'll never gamble again then ill go back to it an start off thinking I'm being sensible about it, only staking small and taking out any winnings then switch one day to blowing everything I have, I don't know if I've always had a weird relationship with money or if it started because of gambling!

 
Posted : 31st August 2024 7:12 pm
(@pskbforxm2)
Posts: 2
 

This sounds so like me. I’m very frugal and extremely financially literate.

As such I like to do casino promotions where I have a mathematical edge partnered with low variance games.

Over time I can make good profits from this pursuit, even if it’s far from a ‘get rich quick’ scheme. It might be £10 one day, £30 the next and maybe the odd day where I just break even. It probably averages £40 to £50 per day. But, sooner or later I get cocky - it’ll often be a big win that does it, especially after I’ve done a couple more spins than I should have. Or, I might go back to my elaborate ‘system’ whereby I gradually tier up my stakes the longer I go without a big win so that when I do win it’s much bigger. Obviously that could fail instantly but a good amount of the time there’ll be big wins that put me in to good profit. So  I’ll keep going and get cockier. I might and up thousands ahead. But rather than withdrawing some I’ll just set a floor in my head that I’ll go on to ignore and by the time I’m way off my high water mark and doing £10 spins (having started on 10p spins) I’m ’all in’ and nothing will stop me going until I lose all of my winnings, all my money in that account and sometimes I’ll even go full tilt and empty some of my other casino accounts. So, all that grinding away to earn £40 or £50 per day doing promotions but within boundaries has gone out the window and I’m back to square one. I tell myself I’ll never do it again and ‘slow and steady wins the race’. I can stick to it 98% of the time but it’s the other 2% that’s the problem. Instead of making money from it I make barely anything… maybe £100 per month - while people I know are making £1k+… and it’s way more fun than doing surveys and way less effort/brainpower needed than digital marketing. I just wish I had a way for my autistic/logical brain to be in full control of my ADHD brain… like I said, it’s the 2%. 

 
Posted : 28th September 2024 4:29 pm

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