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Posted on:
Fri, 17/08/2018 - 16:56

Steve70

Joined:
2011-05-02

Massive well done on what you've achieved so far.

I was in less debt but a similar position 10 years ago now. Took me 2 years of living off the bare minimum to clear my debt, by paying off £1000 a month.

Telling friends was easy, because we are no longer the gambling mug, they are. Remember gamblers only tell you win stories. I've no doubt all your mates lose money more than they win.

Not sure how your debt is structured but look for 0% credits card deals which could shave months off the debt repayments, by saving interest.

Also if one debt is paid off, overpay the next highest to save interest.

If you find you have more spare money and don't want to up payments or wish to lower repayments, consider opening a non withdrawal without notice no card savings account. I put as much as possible to debt and some in the savings which then also grow and couldn't be withdrawn on a whim if the urge to gamble took hold.

Remember also that that £1000 repayment is actually worth more, because say you gambled £500 a month without paying off the debt you'll be £1500 worse off the next month. It's like dieting every pound you lose is worth 2 because if you weren't dieting you'd put a pound on.

Finally remember if you've money to gamble you've money to save.

Posted on:
Sat, 18/08/2018 - 12:34

G100

Joined:
2018-05-02

Hi Steve70, thanks for your comments. All my gambling debts are on the 0% credit card for another 12 months. Then i’ll Switch to another. It’s just frustrating that I put myself in this situation in the first place. Every month that passes makes it easier though when the debt is reducing, so just need to carry on staying focused and the debt will take care of itself. 104 days GF and another happy day.

Posted on:
Tue, 21/08/2018 - 08:48

G100

Joined:
2018-05-02

Day 107 GF and still going strong. It’s strange that since i’ve Passed the 100 day mark the urge to post on my diary is reducing. Do I think I have beat this? I know that I haven’t.....not yet anyhow. My advice to anyone in recovery is to keep logging onto the forum and reading people’s stories as that’s what helps me keep Gambling free. It reminds me of what this terrible addiction does to people’s lives, but the advice and support of people on this forum is fantastic. Especially when you can see people beating this and making a happy life for themselves. 

Posted on:
Sun, 16/09/2018 - 18:48

signalman

Joined:
2018-08-31

Hey mate have read your story and can relate for sure to things you have said. Especially the guilt and remorse thing. I am really struggling with that. When my son hugs me I melt inside at the thought of letting him down so badly. I know people urge us to move on... Onwards and upwards so to speak but I do find it hard to let go of my mistakes. my demise happened so quickly... Like a flash... That loss of control has cost me years of financial freedom.

What I do know now though is that I must try everything I can to look forward and not back. Looking back leads me to start fantasising about a big win to put this all right which will never happen + I just don't want to be that person anymore.

I hope you keep going strong. You're doing great. Like you I just want to be happy. I feel strength and inspiration after reading about your rise from the ashes. Thank you. Keep it up.

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