So you're still in the hole at least $160 for that year you won the $100. How about the other years you've played and lost?
Im 26.
Which means that if you continue to play the lottery at the same pace for the next 26 years, you will be have lost approximately $6,500. Money that could have earned interest in your bank account and would be worth far higher.
Good thinking.
I think thats a pretty good history.
How old were you when you quit school?
Its better than tobaccy
No, not really.
There's little difference between throwing money away that could make your life and the lives of your children happier and taking a substance that takes your life from you.
Give me your months finances and let me tell you how much you waste on "needless" things that could have went towards bettering your family. Save me your righteous attitude. I spend maybe $5 every 3 or 4 weeks (depending on its size)... WAY better than tabacco
Your assuming he/she won't hit the big one. Of course that is a good assumption but you never know. I play once in awhile too and assure you I save atleast 30% of my income yearly in my 401k, stock account and regular savings. I hardly think $100 bucks a year will do me much harm. Sure it is probably a waste of money, but so are a lot of things.
Atleast when I buy a ticket, I can dream at the possiblities for a day or two. That is worth the money in itself.
Please. Smith288 is not exactly Pete Rose here -- even $5 a week isn't exactly going to put the children is the poorhouse.