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Category: Personal Finance

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How to Build Financial Security While Living with Someone Suffering from Problem Gambling

Problem gambling is often referred to as a “hidden addiction” because its signs are not as easily detectable as those of substance abuse disorders. At the Florida Council on Compulsive Gambling (FCCG), we understand the challenges faced by individuals and families affected by gambling addiction. This blog post aims to shed light on the financial…
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Build Your Own Barriers to Money

With problem gambling, money is the drug that fuels the addiction. When gambling becomes a problem, setting and sticking to limits on time and money spent is one of the first things to go out the door. This happens when someone has crossed the line into, at best, problem gambling, or worse, disordered gambling. If…
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October is a Time to Honor Older Adults

October is a time to honor older adults. October 1st is International Day of Older Persons, established by the United Nations (UN), to raise public awareness about issues affecting the elderly.  This year’s theme, Digital Equity for All Ages, focuses on the growth of the internet, mobile applications, and all tools to collect, store, analyze,…
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For National Financial Literacy Month, Let’s Talk About the Crippling Debt That Can Result from Problem Gambling

It is no secret that problem gambling can lead to financial problems. According to Debt.org, 85% of adults in the United States have gambled at least once in their life, and some 23 million Americans go into debt because of gambling. [1] Those suffering from a gambling addiction have become desensitized to taking financial risks…
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How Money Smart Week Factors Into Problem Gambling Prevention

Money Smart Week is an annual awareness event designed to raise financial literacy, which, when paired with an understanding of what constitutes gambling, can help prevent the development of gambling addiction. Financial literacy is described as the education and knowledge of how money can be earned, saved, spent, and invested properly.  According to data compiled…
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The Goals of Women’s History Month and Problem Gambling Awareness Month Go Beyond March

Problem Gambling Awareness Month (PGAM) and Women’s History Month both happen in March, but that doesn’t mean the importance of these recognitions end there. It is always in our best interests to honor the contributions of women to history, culture, and society and likewise, to identify and raise awareness about the impacts that gambling addiction…
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Gambling Under the Guise of Investment: The Stock Market Day Trading Craze

Gambling is the act of risking anything of value on an activity that has an uncertain outcome. Though not often recognized as such, day trading on the stock market constitutes a form of gambling, and today’s trading apps and websites make it easier than ever. At the end of January, a thread on Reddit fueled…
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Problem Gambling and Financial Planning Don’t Mix

Did you know that October is Financial Planning Month? Financial planning is vital to reach long-term goals while paying short and long-term expenses, whether working towards a down payment on a new home, saving for your child’s college tuition, or ensuring a more comfortable retirement. This alone isn’t an easy balancing act, and many hire…
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Financial Stress and Problem Gambling: The Hole Grows Deeper and Deeper

OUR 888-ADMIT-IT CONFIDENTIAL, MULTILINGUAL PROBLEM GAMBLING HELPLINE IS ACCESSIBLE 24/7 AND AVAILABLE FOR ANYONE WHO IS AFFECTED BY A GAMBLING PROBLEM. WE OFFER VARIOUS RESOURCES, TOOLS, AND REFERRALS, TO HELP REGAIN CONTROL OF YOUR FINANCES IN A HEALTHY AND SUSTAINABLE WAY. IT ONLY TAKES ONE CALL. The burden of financial problems can be overwhelming for…
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Tips for Loved One’s: Are You Affected by Someone’s Gambling Problem?

In celebration of the month of love, let’s discuss the reality of problem gambling in the household. Discovering that a loved one has a gambling addiction is a shock, and the ramifications can spread beyond emotional. You are not alone in this struggle. For every problem gambler, 8-10 other people are negatively impacted, including loved…
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