Deadly Sin: Gambling Addiction
This is going to sting because I just found out from my best friend a few days ago that her husband is in $12K of credit card debt. She inadvertently found the statement and confronted her husband about these charges. He had no other choice but confessed to having advanced the cash to support this addiction.
When I was told of this along with my other friends, we were appalled! We all are very close and often share our personal life stories with one another. It just threw me off track because I never knew my friend (her husband) had this kind of problem. This is very serious because they recently had a kid and are saving to buy their first house. My best friend is currently living with her parents.
I consoled my friend and told her that she is lucky to have found this problem early on. $12K in gambling debt is not too serious if the buck stops here. It's comparable to traders that sometime lose this much money over bad investment decisions. As of now, my friend is thinking of dipping into her own savings account to pay off this debt that her selfish and irresponsible husband has created. Could this be an early indication to a serious problem? Should my friend bail out her husband so easily without letting him realize how long it takes to save $12K? I just hope she is able to convince him to go down another path and put his family first before himself!
On a personal note, I know first hand how this addiction can tear a family apart. My DH's dad leads this kind of life. He has always been a gambler. He has no self control and frequents the casino on a daily basis. The mentality of these gamblers is that they believe they are able to win back their losings. But next thing they know, they get deeper and deeper into debt. Their whole paycheck helps pay for the existence of the casino. We have another friend of whom we do not keep in touch with anymore that has this problem. He constantly bet on sport games and also has an affinity for casinos. He works just to pay off his bookie.
I guess I will never understand what drives a person to gamble away their life savings that they work so hard for on a daily basis. There's so much potential in these people and the money that could have been used to fund for their retirement, savings, buying a house, vacations, and just living an ordinary day to day life outside the casino.