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Lottery syndicates

Hi,

currently I am in a bonus ball syndicate which I share with my colleague 3 numbers, we have won a few times.

I am also in a lottery syndicate for £1 a week which I seem to always be owing on. I am reluctant to stop because I know the minute I stop they will have a win.

Would this be an area that you would curtail in order to budget?

thanks
Caroline

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    It depends on the bigger picture.

    If you genuinely need to cut back, then they're fair game. I'd suggest posting on the Debt-free Wannabe section for support on your wider budget.

    If you're ok financially, and you enjoy the potential of this gamble, then it's a reasonable lifestyle choice.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    I think this needs a massive discussion. Personally I would continue but it all depends on ones lifestyle. Will this pound make a difference? About 4 years ago I left a lottery syndicate and it has haunted me ever since...I think I had 12, 13, 20, 24, 28 and 31. I mean, these are good numbers and yet I still left. So, I suppose, you also have to take into account the numbers. I am sure more should-I-stay-in-a-one-pound-a-week-lottery-syndicate experts will come along but whatever happens - good lucks. x
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    Would this be an area that you would curtail in order to budget?
    Like a shot. It's money down the drain.
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