How to financially recover after gambling addiction ?
This is a question asked frequently by gamblers across the world and it’s a good question. Gambling addiction comes in a completely different category, especially when it comes to losing a large amount of money and you have to recover mentally as well as financially to start a new life.
The majority of us carry on gambling because we believe that we can win back what we lost, pay off our debts and this will stop this madness forever.
Does it sound familiar?
But this lucky day never comes! And you’re ending up losing more money and putting yourself into larger debts.
Stop it now and start recovering from gambling today!
Where do I start?
Review your spendings
This was actually the first thing I did and I will always recommend you starting from here.
Becoming more aware of your spendings can improve your financial situation from the day one!
When reviewing my expenses I was able to save well over £250 each month and put all that money towards my gambling debt. Below are some examples of what you can do to improve your financial situation today!
(Say no to things you don’t need, can’t afford or won’t use)
Change Mobile from Monthly Contract to Pay-as-you-Go (save £30/month)
Save on car insurance – Click here to see how much you can save on car insurance. (51% of consumers could achieve a saving of up to £286.44 ),
Compare energy suppliers and save up to £35/month.
I switched my energy supplier only 3 weeks ago and saved over £300! I wasn’t fully aware of prices difference, but this easy energy switch saved me a lot of money!! Take a look at the letter below I received this morning. I used to be paying almost £100/month ( gas + electricity ) Having a fixed tariff and moving to a new supplier I’m saving over £40/month!
You should also consider cancelling computer/tv/mobile device insurance whch can help you to save approx. £15/moth
Renting out a spare room in your house could make you several hundreds of pounds each month
Make your own meals rather than buy take-aways. Save money on buying take-aways, which you can make yourself or buy from the supermarket much cheaper.
I personally prefer to make money rather than save them, so let me introduce a few the best, in my opinion ways to make money that can help you pay off your debt.
A very popular way for students to make money is to fill out online surveys in their spare time, some people are becoming mystery shoppers and get paid to spend money in shops and others write product reviews for money. I’d like to go a step ahead and tell you how to make £100s instead of £10s of pounds.
Use your skills
Perhaps you enjoy writing, managing Facebook pages or doing a little bit of graphic design in your spare time. There are so many freelance jobs out there that require simple skills or just time that someone else might not have.
The best things about freelancing is that you can work for clients in the UK and around the world with just an internet connection from home, to your own hours whilst developing valuable skills.
The best place to start making money online is one of the leading freelance sites Here is a link to Fiverr. On Fiverr you can absolutely sell anything and make really decent income!
Use your knowledge
If you have got a good presence on social media or perhaps you even have a blog, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.
Sign up to an affiliate network such as Affiliate Window, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it.
If someone buys anything using your link then you’ll make a nice commission.
To take it a step further, set up a website or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there. If you wish to start your own website visit One Hosting. Setting up a website will cost you just over £10 for the first year, and then only around £25 a year if you wish to renew it. I created this website back in 2008 using their hosting services and they’re simply great. –> Check it out here.
If you aren’t familiar with computer or internet, then a part-time job is the obvious first choice for you to make some extra cash. Working additional 10-15 hours/week can help you make couple of thousand pounds in a year towards your debt. It provides a pretty steady flow of income and can enable you to gain valuable work experience.
It only takes a couple of minutes, but it might save you a lot of money forever!
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