Whilst it is possible to have a gambling problem without running into major financial difficulty, the two issues are often heavily linked. Gamblers who are unable to stop will spend increasing amounts of money to try and satisfy their compulsion, even if they know that their habits are unsustainable and harmful. Eventually, they may find it hard to pay their bills and end up borrowing money from family and friends or taking out loans to cover gambling debts. A downward spiral can ensue as problem gamblers try to chase their losses, only to lose even more money. However, money issues can also act as a catalyst for many sufferers to seek support and a path towards recovery.
It may be a good idea for the problem gambler’s partner to set up a separate bank account, take over bill-paying duties and tell other loved ones or friends not to lend any money to the sufferer. Find out how else a friend or family member can help in the supporting a problem gambler section.
It can be an incredibly stressful time, and taking stock of the effect that your gambling problem has had on your finances can be daunting, but it is important to remember that your situation started to improve the moment you stopped gambling. Financial recovery can be slow, but there is professional help available every step of the way and you can visit the section on services to see which organisations offer support. The National Debtline, which can be reached on 0808 808 4000, is one of several non-profit agencies ready to give free advice.
If you are regularly saving money each month and are supported by professionals and loved ones, then it should help put off any thoughts of taking out money for the purposes of gambling. You can also keep yourself on track by planning a reward, such as a holiday, that gives you something to aim for during your recovery. Finally, remain honest about your finances with any loved ones and seek support whenever it is needed.
Gamble.net on Facebook
You first need to login to Facebook to view this page because it contains age restricted content.