1. Develop a Saving HabitYup, this is the same as what they teach toddlers, but it is invaluable advice to be sure. You need to learn to save up for ‘rainy days’, or, in this case, for when you need to bet using that money. After all, how can you make more money, if you don’t have any to begin with? You have to give some to get some, there’s no bigger truth than that, and it doesn’t apply solely to the gambling world.
For those players who have the ambition to become successful in online casino gambling, their initial capital is of the utmost importance. And even if you’re not exactly the gambling type, managing your daily finances is a skill which needs to be learned and perfected, in order to be more successful in life, in general!
Remember, this is regardless of what your profession or income happens to be. It is about handling the cash that is already in your possession as responsibly as possible. Read on below to find some tips, which we hope you will deem useful.
For starters, don’t simply accumulate your cash for no reason, but rather, learn to diversify the savings you have. You can do this by creating separate categories for them. How? Well, there are many different ways, but one which has proven to be a good one time and time again, is the envelope system.
It’s really simple: you take a few envelopes and sign each one with a specific goal, like, say, an emergency fund, rent, a new car, and so on. Basically, this is a great way to structure your finances and really put your goals into perspective, about how much you can safely spend per month, and where you should probably draw the limit.
Whatever you do, try your very hardest at saving, and don’t give up quickly if it seems hard at first. It takes time to build healthy habits, and, believe us, it is well worth it in the long run. One more thing, which should be obvious: never, ever, touch those savings for a mindless whim, no matter how tempting it might be. Just keep repeating to yourself how hard and how long you’ve saved them up, and the urge should go away.
2. Using the 10% RuleMost of us consider pocket change to not have any substantial meaning in our lives. We couldn’t be more wrong. So, why not try this: each time you bring home even the smallest stack of spare change, try and put away at least 10% of it. As trivial as it may seem, this should be your prime priority, and never make exceptions!
Any cash which you don’t need to spend at the moment, should be saved up, and kept, until you really, truly have need of it. In no time at all, you will witness first hand that a little change can go a long way. And, let’s face it, if your desire is to accumulate a heft deposit for slots and poker and whatnot, you will need all the backup funds you can get your hands on!
This is all, of course, in order to secure yourself, as the player, from experiencing major downfalls whenever your lucky streak seems to keep on failing you, yet you just can’t seem to stop spinning. We’re pretty sure there isn’t a single person in the world who wants to willingly fall into a financial crisis, and this is where all that loose change (which you didn’t give away on useless ephemeras) comes in handy, and how! Remember the golden phrase: every bit helps.
You can always ask yourself this simple question: do you want to spend a few coins on a coffee machine, or for a chance at winning a major jackpot, which may even change your life?
3. Precise Goals Must Be Set
Even though this last (but never least) advice is a simple and logical one, it would appear that it’s people’s nature to ignore it most times. And yet, fattening your wallet would go so much faster and easier, if you have precisely planned your goals, right down to the last dime.
When the time comes for you to prepare the first deposit, the simplest (and safest) thing you can do is aim at the exact sum which will allow a player like you to maximize the effectiveness of any bonuses. Being aware of your targets also makes it easier for you to make well-informed decisions as well as carefully divide your income, knowing exactly how much you can spend, and how much you need to preserve.
At the same time, it is of crucial importance that you understand how some goals are, to put it as plainly as possible, out of reach. In other words, utterly unrealistic. Don’t take a page from the book of someone who is already rich, always stick to your own financial possibilities and make sure not to cross that border. Sure, you can win bigger that way, but, in all honesty, the odds of that are extremely small.
And so, know that you will always be safer by aiming lower than you’d normally want to, as that way, your chances of actually winning are much more realistic!
ConclusionThe infinite truth on these matters is to fully understand what it means to gamble responsibly. Other than being a relaxing entertainment option (and not a bad habit which might grow into an unhealthy addiction, and drag you down), gambling can also mean a good investment, if one is completely sure in their actions, and has clearly set goals in front of them, before they even think about sitting down in front of any kind of casino game and placing any bets.
Lastly, we all should be aware that losing is a necessity sometimes, and we shouldn’t despair or give up on ever recompensing our losses. The main idea is to have fun, while handling your money responsibly!