One of my best friends is called Emma. She is not exactly what you would call good with money and I am often amazed at the amounts she spends when we go out shopping together. Emma earns a fairly good wage working for a live psychic readings company but many people would probably expect that she earns three times this amount by her attitude towards money.
About a year ago, Emma confided to me that she was in quite a large amount of debt. Crazily she had maxed out her credit cards and for whatever reason could not keep with the monthly repayments. Emma also had a car loan which she also found hard to pay back, she of course had to drive around in the best car. Emma said that it was not a problem as she was looking into ways of reducing these debts and had read many debt consolidation articles on the internet, which had provided her with some useful information.
A few months later Emma came to me again and once again she had something to get off her chest. She confirmed to me her terrible and tragic secret - she was now up to her neck in debt partly due to the fact that she had attempted to eradicate the debt via gambling. I could not believe it, however tried to remain positive for her sake. I asked her to explain what had happened. She replied that she had started to play poker on the internet. Originally it was only for a bit of fun and in the first two months she was up around three hundred dollars. As I am fairly sure a lot of other players do Emma became quite cocky after her initial successes and believed that by playing on higher stakes tables she could wipe out her debts completely. Her winning streak was not to last and she ended up losing a lot of money.
Even today Emma owes a heck of a lot of money to many people - she has however accepted that gambling is not the answer to her problems. She now has a second income selling patio doors on a part-time basis.
In conclusion GAMBLING can easily add to your debt woes - do not even go there!
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