Doesn’t sound like fun to me!

Dave Says
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Dear Dave,

Sometimes on vacation trips I like to check out casinos. I always account for the money I wager in my budget, and I never spend more than I’ve allotted. How do you feel about gambling at a casino, as long as you limit your spending this way?

Carson

 

Dear Carson,

OK, I’m going to be honest about this. When someone tells me they gamble for fun or recreation, my first thought is they’re crazy — crazy enough to think they’ll actually come out ahead. I mean, you might see a news story once in a while about someone winning big money in a casino, but that almost never happens. Think, too, about how much cash those folks flushed down the toilet previously while gambling. In reality, there’s a strong chance they didn’t really “win” anything. They probably just recouped a small portion of their previous, substantial losses.

I know, all this probably makes me sound old and out of touch. But I just don’t get the concept of gambling “for fun.” I don’t find it thrilling or exciting to lose money I’ve worked hard to earn, even if there are flashing lights and a party going on. Don’t get me wrong, my wife and I include “fun money” in our budget every month and do things we enjoy. But, to each his own, I guess.

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EDITOR’S NOTE: Dave Ramsey is a seven-time No. 1 national best-selling author, personal finance expert and host of The Ramsey Show, heard by more than 18 million listeners each week. Since 1992, he has helped people regain control of their money, build wealth and enhance their lives. He also serves as CEO for Ramsey Solutions.

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