When you gamble, you risk losing money or something of value in exchange for the chance to win. Depending on how much you bet, how often you play and what types of games you engage in, gambling can have serious financial and personal consequences. Fortunately, it’s possible to stop the cycle of highs and lows by making changes to your life and getting the support you need.
Gambling is a popular activity for some people, especially older adults, who find pleasure in the hope of a small win and the ability to enjoy their favorite pastime. However, it’s important to know the difference between gambling and addiction, as there are a number of negative effects associated with this activity.
The good news is that there are many ways to overcome a gambling problem, from self-help programs and therapy to joining a support group like Gamblers Anonymous. The most effective approach is to build a strong network of supportive individuals and professionals who can provide guidance.
The biggest advantage of stepping away from gambling is the improvement in your financial situation. Gambling can quickly put you in a precarious financial position, where bills and credit cards get maxed out and debts accumulate. When you stop gambling, you can begin to save money, rebuild your savings and work to clear debts. These positive steps will make it easier to achieve future financial goals. In addition, you’ll be able to reduce feelings of stress and depression by focusing on other activities that bring you pleasure.