How do you financially sustain your expensive punting habits?
How do you financially sustain your expensive punting habits?
I have a high salary so it is not a problem for me. I do not waste my money on useless things, I invest them. So as I noticed that I have enough money for food, shelter and medicine (which os the most important), I decided that I can pay for my punting habits, which helps me to earn more
Bonuses, tax returns and a decently high paying job (six figures but not like GM level six figures).
I do have a mortgage and like to splurge on other things. Like recently bought a Swiss watch and giant can't remember the inch TV. But I'm reasonably responsible with my money.
I avoid "expensive punting habits". Plenty of moderately priced, even cheap, adventures out there, to keep me satisfied.
To each his own.
I ask my wife who works, to give me money so I can punt (lol I wish!)
Seperate bank accounts....but a monthly budget for the household and bills. Whatever is left over is up to you...
Depends on lots things.
how often do you need to punt?
how expensive do you want to spend each punt?
how much is your salary?
do you have famiies who are dependent on you financially?
do you have mortgage?
how much would you like to save each month?
I'd say if you're young professional who's still single, its easy to sustain this hobby as long as you don't overdo it.
I go once or twice a month, half hour RnTs only. They do the job
By cheating on my taxes.
A win on the other punt or the pokies. Otherwise, a nice income and a recently sold property has seen my punting go through the roof the last 12 months.
Using my last pay bump as a discretionary fund for ‘entertainment’ activities.
Get rid of all your Bad debts ie. Credit Card, Car Loan, smoking, drinking ( socially is fine ), eating out or buying cooked food everyday and most of all BUDGET your weekly Salary and see where you can ' divert ' some funds for punting.
Last edited by curiousgeorge1023; 06-08-2022 at 05:02 PM. Reason: details
Some people receive a large sum of money and want to enjoy it on punting but it can't last forever. The girls will target the guy if they know he has the money but once it dries up, they're nowhere to be seen.
When people win lotto or receive compensation lump sum payments they blow it away quickly. They don't know how to budget properly.
Some people work hard, pay off their mortgages over long periods of time and reap the rewards at the end of it all when the property gets sold. Disciplined people like this aren't going to piss it up against the wall.
Winning money or compensation when you don't have much cash is a totally different scenario.
Doubling my money betting on sports.