Don’t Try to Gamble Your Way out of Debt

One of my current observations about our clients is the number of them who gamble.  In the Montgomery River Region, we have several casinos where on a typical week night every seat could be filled by someone hoping to strike it rich.  Recently, I had a client who testified at her hearing that she had spent her entire Social Security check at a local casino.  Please do not fall into the gambling trap!

When you live pay check to pay check, you cannot afford to risk not being able to pay for the basics—rent, utilities or food.  Living within your means also means putting aside money for the rainy days.  So many of us do not save for life’s emergencies and the pull of an easy way out like gambling may seem innocent enough but it’s not!

From what client’s tell me, they win a little money and then cannot stop or walk away.  Many of them can tell me how much they won but hardly ever the amount of money they have lost over time.  In the end, the only ones who win are the owners of the casinos.

Gambling is all over the news.  A recent Montgomery Advertiser article discusses a proposed constitutional amendment to approve gambling at dog tracks and implement a state-wide lottery.  If the amendment is approved and voters pass it on the September 15th ballot, gambling will be an even bigger temptation for folks down on their luck hoping for an easy way out of their financial problems.  Please see the full article here

If you feel you are in over your head due to gambling or from any of those seemingly easy way outs, please call one of our Bond & Botes offices to speak with one of our attorneys so we help you find a fresh start.