MONEY RELATIONSHIP!! – Gambling and Addictions | Money Tips Series Part 7

MONEY RELATIONSHIP!! – Gambling and Addictions | Money Tips Series Part 7


Gambling and Addictions Many addictions affect your finances in a
bad way. The obvious ones are gambling and shopping
addictions. When you gamble away money, you don�t have,
or shop to avoid problems in an uncontrollable way the money problems it creates can screw
up your future for a long time. However, all addictions can cause financial
problems. Addictions Are Expensive Most addictions cost a lot of money. Whether you�re gambling or shopping that�s
probably money you do not have to throw away. This is especially true if you�re relying
on credit to pay for your gambling or shopping addiction, which is true for most people who
have this problem. When you owe money that you can�t pay the
interest rate gets higher, and your credit can be ruined for years if you�re not careful. This cannot just affect your ability to get
more credit when you need it but can also affect your ability to get or keep your job
in some cases. Addictions Create False Priorities When you have an addiction, it seems like
nothing else is as important. Even something that was healthy in the past
can become an unhealthy addiction that can cause so many problems for you financially,
emotionally, and even health wise. Instead of putting the things that are truly
important first, people with addictions tend to put the addiction first. An addicted person will lie to their friends
and family. They may even spend their child�s college
money to feed their need to do their addition. The priority in their mind is so strong that
they cannot overcome it alone usually. It may seem as if the person who is addicted
doesn�t care about their family but, they do care, they cannot get out of their addiction
and compulsively continue the behavior because it feels important. Stress from Addictions Cause Health Problems Sometimes someone who is addicted to anything
can become very unhealthy. They may choose to do the addictive behavior
over anything else. They may choose to gamble instead of eating,
and sometimes gambling and drinking go together to create even more problems. People who have one addition tend to be prone
to having others. In addition, the stress associated with the
addiction may lead to feelings of guilt, anxiety, and depression. This can cause the person with the addiction
to need serious mental and physical healthcare, which is also a big expense for most people. Due to this, often they�ll avoid paying
for that treatment and end up worse. Addiction Can Create Costly Legal Troubles Because addiction is embarrassing to most
people, they will tend to avoid dealing with it at all costs. Often, that will create costly legal problems
for themselves and their family. For example, owing money to a casino, or getting
involved with bad people who gamble illegally, that money is owed to. Worse, they might steal to fill their shopping
addiction, which may wind up resulting in court cases, trial, and lots of money. All addictions can cause financial problems
because the addictive behaviors as well as the treatment can be expensive. Realizing that you have an addiction doesn�t
release you from being responsible for your actions and your financial responsibilities. The best way to get through addiction is to
take responsibility, pay off your debt, and work toward new healthier behaviors and habits
like saving money and reducing, recycling, and reusing items.

One comment

  1. Hi everyone:)
    Let me know if you find this video useful and about what you would like to see the next videos:)
    I wait a lot of your feedback for improving day by day;)

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