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How To Stop Gambling And Save Money 

Did you get dazzled by the allure of earning quick money through gambling and now want to overcome this addiction? Read on to find ways to overcome this habit and save money.
How To Stop Gambling And Save Money
How To Stop Gambling And Save Money 
When things get out of hand, seek professional help. Consult a therapist or counselor specializing in gambling addiction and inform them of the circumstances.
In this article

Gambling may sound fun and fascinating when you can earn a jackpot and double your money. However, it can be dangerous if one gets addicted. History is proof that nothing good has ever come out of this habit. It is an addiction that would make you lose all your assets in no time. When gambling becomes problematic, it can lead to low self-esteem, anxiety, stress, and depression. If it feels out of control, it then turns into an addiction. This blog will give you quick and simple ways to save yourself from the evils of gambling and protect your finances and help to save money

Top 10 Ways To Stop Gambling And Save Money

If you want to overcome this addiction, save the money and invest it somewhere useful. Below is a list we have curated to show you the ways that will help you get rid of gambling and start saving money immediately. Let’s have a look.

1.Register for self-exclusion programs

With a free self-exclusion tool, gamblers can forbid themselves from attending any gaming establishment. You can register and avoid visiting any establishment – casinos, bars or pubs. This is also valid in online gambling, where individuals cannot place bets on gambling websites or even enter such online platforms.

2.Give control of finances to a trusted individual

When you realize you are becoming addicted to gambling, give the power to someone you trust for all of your financials. Your parents, spouse, siblings, or anybody else who knows your addiction can help you save your money from the addiction as well.

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3.Consult with a therapist or counselor

When things get out of hand, seek professional help. You need someone who understands you emotionally and gives you the best advice and suggestions. Schedule a consultation call with a therapist or counselor specializing in gambling addiction and inform them of the circumstances. Investing money and time mental health is better than spending it on bets.

4.Participate in support groups like Gamblers Anonymous

Gambling support groups are for people who are experiencing the same feelings and emotions as you. Participating in rehab centers and counselor groups lets you talk about your feelings openly to those who understand you and might be going through the same. Speaking to someone and sharing thoughts often helps with the addiction and sharing these with family and friends is not an easy task.

5.Recognize and avoid gambling triggers

Recognizing what habits or situations trigger you to indulge in gambling plays a vital role in the addiction. For example, being with people with the same habit might trigger you to get involved and place a few bets. To tackle such situations, start journaling about your gambling past (places you gambled, people you gambled with, how much money you’ve spent to date, etc). When you know what triggers your addiction, you will automatically avoid being in such situations.

6.Replace gambling with healthy activities

Gambling has become a part of your routine, so changing the routine will change your habits, too. Replace your activities with new ones – start a hobby or business idea, find ways to help others, and interact with positive people. It is easier to overcome a habit like gambling, when you have different activities to keep you busy throughout the day.

7.Set and focus on specific financial goals.

Goals help you focus on something meaningful. Set short- and long-term financial goals such as a vacation, a new business, or a new fund. When the focus is set on something valuable in life, addictions like gambling are replaced with constructive life purposes.

8.Educate yourself about the realities of gambling

Educating yourself about what you’re so addicted to is necessary and it helps when you have that kind of awareness. The realities of gambling as well as its outcomes and risks, are crucial topics to understand. Consult with gambling counselors or learn online how damaging gambling and its side effects are. When realities hit hard, priorities will instantly change.

9.Install blocking software on electronic devices

If you’re addicted to placing bets on online gambling websites, install blocking software on your electronic device. This will block you from all the sites and won’t allow you to enter and place bets. When you have no online platform to gamble, the addiction will fade away eventually.  

10.Celebrate milestones of abstinence with saved money

When the milestones are achieved, and the addiction is gone, celebrate the accomplishment with the money you saved by not gambling for a specific period. Little achievements like these will make you happy and encourage you to go on the right path and save money as much as possible and try to save more money on other things to. 

Conclusion

We understand addictions can be hard to tackle and getting rid of them is not as easy as it sounds. But imagine this: you follow all the steps and ways provided and finally manage to eliminate the bad habit. Sounds impressive, right? Give it a thought about how harmful gambling can be and start working on yourself today. It’s not easy, but it will get better eventually. Contact a trusted therapist or gambling counselor today and start your journey as soon as possible.

You can also take the help of Beem, a Super App, which will help track all your expenses, bills, and subscriptions with smart budgeting tools.

FAQs

Is gambling a waste of money?

Yes, gambling is a waste of money, time, and energy. It can turn into an addiction and take away your hard-earned cash. There are sleek chances that you may hit the jackpot, but most of the time, your money gets wasted.

What does gambling do to your brain?

Gambling is an addiction. The notion that you can win millions through this shortcut sends an adrenaline rush to your brain. Gambling influences your brain to play and place more bets as you start winning money, and slowly, it becomes a habit, but eventually, reality hits, and you realize you have wasted your money.

Why do gamblers permanently lose money?

There are always two possibilities: you will win or lose money in gambling. There are higher chances of losing money because numerous people are playing the game, but only one is lucky enough to win the prize. That is why gamblers end up losing money.

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Author

Picture of Fatema Yusuf

Fatema Yusuf

A passionate writer, who loves to write about anything and everything. She usually writes about finance and investment options. She enjoys talking about personal development and loves to help people grow. she loves to cook for kids and upcycle old stuff to give them a new life.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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