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When you get your Wages/Salary/Benefits......
Pay your rent, Mortgage, all bills, buy your food, get EVERYTHING that you need untill your next payday, Pay EVERYTHING you need to until your next payday. Whats left is potentially your disposable income.
Take out your beer money, hobbys money, keeping the Mrs happy money and anything else you want. What is left now should be the amount of money you can AFFORD to lose. I'm not saying throw it away, but if you gambled this money it would not impact your day to day ability to live well if you lost it.
This is all you can afford to play, then when you lose it you'll be less likely to create moaning whinging hard done by posts.
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To a large extent it is common sense, but the funny thing about common sense, imo, is that it isnt that common.
DOES C4P SHOW UP IN SHARKSCOPE IF NOT I AM ONLY DOWN ABOUT 400 QUID AS I GENERALLY MAKE 20 -25 QUID A MONTH.
ALL THE BEST RAINMAN397
IMO everyone should have a spreadsheet detailing all their incomings and outgoings every month (like me ). But I'm a firm believer in not spending money you aint got, if you can't afford X car, don't get a loan just don't buy it, don't do these catalogue things of pay £5 per week cos you can't actually afford to buy it. The only thing I'd want a 'loan' for is a mortgage and that's pretty obvious that most people aint got 200k or w/e lying around.
the last time i made a deposit was £20 in November 2012
so now i just play (low stakes) from my bankroll, and happy with it.
i) OP does not need to allocate money to essential outgoings before deciding to spend the rest.
ii) The unemployed should feel guilty about playing online poker after paying for food/rent etc because they are living on handouts.
Whilst I think the unemployment payouts should be made, for the most part, in food and housing tokens (and also think that on the whole too much money is getting paid out). There is no reason that they shouldnt spend the rest as they see fit.
Unemployment gets a stigma of the "Jeremy Kyle scrounger", when in fact it was set up in order to help those who are temporarily out of work. As such people who get dole money should not feel any obligation to do x y or z with what they are given. The problem is that the government are, in my opinion, too weak to radically amend the system to prevent people abusing it.
This is a joke right?
Yes I am currently unemployed but that has only recently been the case. I'm 26 and have worked full time since the age of 16 with VERY minimal gaps in employment ever. So my sentiment still applies about managing your money, I've had a spreadsheet like the one I mentioned above since the age of about 18 and so for the vast majority of my life it has been about how I manage money that I have worked hard for.
Whatever word you choose to use, frugal, tight, whatever, that's me.... I don't waste money and so have a substantial amount in savings which I can rely on when I'm not employed.
I don't really wanna go down the road of this debate but in my short life I've already paid around £40,000 worth of tax... I think that pales in comparison to the small amount I've been given during periods of unemployment.
As CCF said anyway it's irrelevant, if you get your money 'for free' off the government, does that mean it's fine to be wasteful with it?
Don't think you need to defend yourself here Paul, from what I've seen posted around I don't think ohimgood is here to make friends...
But yeah I know I don't need to defend myself.
I see so many people feeling they have to buy xyz to fit it, or worse still try and portray the impression that they are wealthier than they are. It is often the case that those better off (financially) are those that drive around in some ten year old motor and wear £7 shirts.
I am not ashamed of my frugality. I think it makes perfect sense, up to a point of course.
Have you stopped to consider that Joe might actually like his job?
Or that Bill was heartbroken at getting made redundant and is emotionally drained at having nothing to do when he gets up each day. Not to mention the embarrassment that he can no longer provide for his family.
How narrow minded can one person be?