Tuesday, March 26, 2013
Why I don't play the lottery
If you read my post about What I Learned about Finances from My Family you'll have read that my father was a perpetual optimist and part of that optimism became his obsession with lottery tickets.
I actually have very fond memories of sitting on my father's lap helping him pick out lottery numbers and filling in the bubbles on the lottery sheet. He would tell me about all the things we would buy when we won the lottery. We'd dream together of a nice, big house with a swimming pool, being able to go on vacations, and living the high life. Of course, this never happened.
I think my Dad won a few little prizes here and there and maybe we went out for dinner or he used it to buy something he/we needed but we never won anything big. That never stopped him.
He bought every lottery going, including the big charity lotteries (which do have better odds but he still only ever won his money back), and scratch tickets. His job included a lot of waiting around (he was a courier) and he would also wait in the car anytime my Mom went shopping. You can bet he was in the car with a coffee scratching his scratch tickets. For him, it was entertainment.
For me, I think its a waste of money. I'm in debt so I feel that I shouldn't be spending my money on things that won't do anything for me immediately. Its in my best interest to use my money for things like paying off my debt, savings, or for things that bring some value to my life. I'd much rather spend my entertainment money on spending time with friends and going to see a movie with T.
Sure, I still like to dream about how my life could be different, but instead of relying on winning the lottery to make my dreams come true, I've decided to work hard and save. For me, having my hard earned money in the bank is like winning the lottery and the odds are much better.
What about you? Do you play the lottery?