The Spreadbet Diary

I am looking at your post and going to myself you need to be careful by committing so much to debt repayment you are leaving very little to enjoy your life. 5 years is a long time to be living a monks life. I would commit as much as you can afford to debt repayment plus a little bit more but leave myself enough so I can enjoy my life and be grateful for stopping gambling. No real difference between spreadbetting and normal gambling as once you break down barriers to gambling you will be back spread betting before you know it.

Yeah i know what you mean.. I think its prudent to spend the next couple of days going through everything, ways to reduce costs, debts and what i can live on..

Thinking to maybe have some money to setup a side each month for 'fun'.. Also my Fiance knows nothing about this and dont think i have the heart to tell her..

Seems like a massive debt despite your good salary. Have you looked at all the financial options? The consumer action group forum usually has really good advice in case you haven't look there yet.

I agree you should look to quit all gambling, with that sort of debt how would you have the spare funds to gamble anyway? You've got a baby on the way, more important things that a little flutter now and again, as it could lead on to worse.

Well done on starting a diary, take one day at a time and remember there is a lot of support out there for you!

Good luck!

Hi pal,well done first of all,I'm also on day one,it sounds like much like myself you are very fortunate to have a great deal to be positive about,you have a good job,so there is a way out of the debt cycle,what is absolutely vital I think is to close every possible window of opportunity to gamble,I have self excluded from all my local shops bar one,and I'm doing that today,you have to accept that you are not strong enough yet to resist and take every possible step to prevent a relapse.Good luck mate!

Day 2

no thoughts to gamble but the reality of my debt situation caused by years of gambling, had me a little worried. If i can meet all my minimum payments over next two months i think i can really plan out and get my debt down. Luttle worried for xmas but have all presents already so just need to ride it out and not spend much..

Closed down my spreadbet accounts yesterday

keep going spreadbet, keep away from them

well done tri

Thanks for the encouragement 🙂

Day 4

Liquidated all my shares this morning, so have a couple of thousand to help me with my payday loans this month and clear them.

Had a look at the markets today as prety habitual now, but no urges to deposit any money. Need to work on not looking at it at all.

Get paid tomorrow, so will be a test. But my plan is to pay off as much as i can for January and then keep a small amount to keep me going for the month. Still not decided whether to tell my girlfirend yet, but feel that i want to get my self in to a better situation first so i can show that its under control (she stresses about things so would do more harm than good if i told her now)

191214GambleNoMore wrote: Still not decided whether to tell my girlfirend yet, but feel that i want to get my self in to a better situation first so i can show that its under control (she stresses about things so would do more harm than good if i told her now)

This is exactly what I planned to do, to try and ease the situation.

For me it was the wrong thing to do because I was still lying and juggling debts I got sucked back into gambling.

I think it's a good idea though in principle but if you find you are going to slip up again, tell her before you make the situation much worse.

Well has bee sometime since i wrote my last post.. a lot has happened since then..

Fell off the wagon after some time, just too many thoughts on dwelling about the money that i had made and lost by the casino site. I did some spreadbetting, took some more loans, you know the rest..

I think the main thing that kept me gabling was the severity of my debt as well as trying to keep it from my girlfriend. The constant lying, hiding bills, taking more debt, hiding more bills took its toll. It takes a lot of energy to be that deceitful.

Out of chance my girlfirend saw that i had been looking at a pawn brokers site (one of my 'ideas') of getting money to pay off my debts... I had been dreading the moment for months that my girlfriend woulf find out my 'terrible' secret. Positively i can say she was upset but understanding at the same time. For once in my life i came clean about everything, my gabling, my debts etc.. It felt like such a relief in a way that i could finally lay it out there. I have been to see an adviser and i cam currently contact creditors and setting up plans.

I think the next few years will be hard, but i think now i can really try and put this behind me and start clean. I have th debt, but there are no more lies and with that my motivation for gambling has dissappaered. I think i will still be a risk but will put any stops in place but feeling really positive that i can now deal with the money i have to live on and the debt will take care of themselves with my DMP.

Good luck to anyone else going through this. The only advice i can give is if you have a partner, tell them the truth. It will be hard and they will be upset/angry but its the best thing i have done (and should have done sooner) and will eventually make our relationship stronger.