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The solution for all- The Lottery!

December 4th, 2008 at 02:30 pm

I know everyone in financial trouble thinks of the lottery as the solution to all, if not almost all of our financial problems.
I wished I could win something, but it appears that chances of getting something are very slim.

I prefer so use my $1.00 to pay down my credit card. One thing is for sure, it can at least cover one dollar of interest, verses taking a chance at hitting it big.

Don't lose hope and good luck with your debt reduction.

Don't play the lottery often.
A dollar here and there through the year won't do any harm, but don't expect it to be the solution that takes care of it all.

3 Responses to “The solution for all- The Lottery!”

  1. Ms. Pearl Says:

    Unfortunately, the people I know personally that play the lottery are the least able to afford to squander money. The other day a girl I work with that recently got her car repossessed won 150.00. I bet she took at least 20.00 of that and bought more tickets. Sad.

  2. Aleta Says:

    As long as you're not in debt and you are managing your finances, playing the lottery isn't a bad thing unless you play it all the time and can't sleep if you would forget to play one day.

    I play occassionally. My new rule for 2009 is that for every dollar that I play, I'm going to set aside the same amount in savings just to see how much is being spent on this.

  3. disneysteve Says:

    Ms. Pearl is absolutely right. Most lottery tickets are sold to the poor. I read a stat a while ago that the average income of lottery ticket buyers is under $25,000. Unfortunately, some folks feel that their only way out of poverty is to hit the jackpot. Of course, if they would stop spending $5/day or more on tickets and stop spending $6/day for a pack of cigarettes and stop spending $25/week or more on beer, they'd get out of poverty a lot quicker (and healthier).

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