We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Lottery - No Hope

It's my weakness, each Saturday I buy £5 worth of tickets, hoping on Sunday to see a 3 or 4 figured amount in my online account, and of course it's never there. 14 million to 1 chance, why can't I get it into my head that it's just a poor mans tax.

I'm getting better at resisting most silly spends but this pipe dream is ridiculous. Better off just stashing it away in premium bonds or an Isa. £260 a year. Car tax ? Two thirds of my water rates ? Car insurance with change.

Slap required !
DC.
"Some people walk in the rain... others just get wet... " - Roger Miller
«13

Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Slap duly given :D
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    It's my weakness, each Saturday I buy £5 worth of tickets, hoping on Sunday to see a 3 or 4 figured amount in my online account, and of course it's never there. 14 million to 1 chance, why can't I get it into my head that it's just a poor mans tax.

    I'm getting better at resisting most silly spends but this pipe dream is ridiculous. Better off just stashing it away in premium bonds or an Isa. £260 a year. Car tax ? Two thirds of my water rates ? Car insurance with change.

    Slap required !

    i dont play the lotto,
    I have have to confece i do play the irish one and the bookis
    £3 a week = 50p per draw on wed and sat. = about £300 if my 3 numbers come out. But thay never do:mad:
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
  • I agree - put your money into Premium Bonds if you want a gamble. At least you can have your money back from them.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • slig
    slig Posts: 400 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Have you tried the demotivator to see how much you're spending on the lottery?

    What not put the five pounds into an ISA each week, then one day reward yourself with the 'jackpot' of all you've saved. And if you like the excitement of hoping you'll win, why not head over to the competitions board and enter those instead - it's free!
    Debt at LBM (17/10/08) £5727.61 Debt free date 31/08/09
  • Hi Slig
    Thanks for that, am a big comper :) Have decided to send the £5 a week to an isa, just silliness spending it the way I do.
    DC.
    "Some people walk in the rain... others just get wet... " - Roger Miller
  • Why not buy £5 of premium bonds each week? It's like gambling, but you don't loose any money! (except interest)

    btw, it's not 260 a year you loose.. think of the cumulative interest over the years
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    punish2.gif
    you asked for one :A

    I win on the lottery every week:j
    i don't play it:p
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • lol - point taken Numpty :)
    DC.
    "Some people walk in the rain... others just get wet... " - Roger Miller
  • tyllwyd
    tyllwyd Posts: 5,496 Forumite
    If you can't give up the dream, why not just buy the one ticket each week - the odds are so far against you winning the jackpot that the difference between buying one ticket and five must be absolutely tiny.
  • I always play a £1 a week on the Thunderball but the odds for winning £250,000 is 3,895,584.00 to 1 so a £1 pipe dream me thinks.
    :laugh:
    Free at last
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.