Weekly/monthly financial statements, which do you prefer?

[traderethereum]

Yes, it is. Not many people may do that because they constantly need to write the result every time they finish gamble.

Not many will have that time before or after the play, most forget about it either they win or lose.

Maybe they can do that for a week, but after that, they will forget it and never write it as they will think that is not necessarily doing that.

Some people will say to themselves to write it tomorrow before they start gambling, but they can forget it because they want to start gambling.

Most of the time this will happen as gamblers really forget they are not that good remembering what the task for their owns elf.

For responsible gamblers, they will still try to write because they are committed to taking responsibility for their money and will not get into the deep of gambling.

It needs more effort to admit to writing whatever the result is because we can feel sad and mad to see the result is lost.

Precisely, your dedication will bring you to deal with this even you'll going to see that you spent a lot for this activity.

If that person can write it in his journey, he will see how much money he already spent on gambling, and if he really wants to reduce spending money on gambling, he will start in the next chance by lowering his money amount to gamble.

But that report is really useful for us to always know about managing our money so we do not use more money to gamble.

Useful to minimize and to avoid exceeding to your limitations, and most of those successful gamblers find this setup very helpful to tract both win and lose amount.

If they see that their losses are bigger than their winning, they will minimize their money and the important is they know when to stop gambling at the right time.

Yes, it is. Not many people may do that because they constantly need to write the result every time they finish gamble.
Some people will say to themselves to write it tomorrow before they start gambling, but they can forget it because they want to start gambling.

Sometimes, this is the reason why we forget or are not willing again to take note of what we have spent at that time. Moreover, if we are saying tomorrow, maybe tomorrow will also say tomorrow again. 

Hahaha, I think that is happening to us
But no matter how hard, we must try it because that is for our own good.
We need to take care of our money. Otherwise, we will not have a chance to manage it when we gamble.

[Rengga Jati]

Hahaha, I think that is happening to us
But no matter how hard, we must try it because that is for our own good.
We need to take care of our money. Otherwise, we will not have a chance to manage it when we gamble.

Exactly, only we can change ourselves and make ourselves more responsible for what we are doing. 
Sometimes, something hard will lead us to be better in the future, than regretting in the future.

[pawanjain]

Definitely yes. Not everyone has the same thinking. While some do keep a track of their deposits, withdrawals, wins and loss the others just play for fun and don't keep a track of their amount.
But it would definitely be a good idea if a gambling website is showing you the daily, weekly and monthly win/loss bets/amount.
It would give the users a better understanding of their money and help them keep a track of it.

Some of us used not to track their expenses let say even if it is not in gambling or for some kind of stuff they spend but for me in my case I used to track down my daily expenses even if it comes to investment or gambling I used to take down note all of this because I am one of a forgetful type of person so I need some thing to remind me and audit my own expenses, investment and entertainments by the end of the month. Aside from this also it is the simplest way to remind you that maybe you are already overspending this month or this particular time so it would send you a hint to minimize some of your spending stuff things in life.

That's right. Keeping a track of your income and expenses gives you a detailed info on how much you are spending on particular things.
You can note the amounts and then gradually allocate a certain budget for each category which will help you manage your expenses well.
Money management is a skill that everyone should develop. Once you master, you can utilize your income to the fullest while getting maximum benefits out of it.

[madnessteat]

Yes, it is. Not many people may do that because they constantly need to write the result every time they finish gamble.
Some people will say to themselves to write it tomorrow before they start gambling, but they can forget it because they want to start gambling.

Sometimes, this is the reason why we forget or are not willing again to take note of what we have spent at that time. Moreover, if we are saying tomorrow, maybe tomorrow will also say tomorrow again. 

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

[Mahanton]

Yes, it is. Not many people may do that because they constantly need to write the result every time they finish gamble.
Some people will say to themselves to write it tomorrow before they start gambling, but they can forget it because they want to start gambling.

Sometimes, this is the reason why we forget or are not willing again to take note of what we have spent at that time. Moreover, if we are saying tomorrow, maybe tomorrow will also say tomorrow again. 

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

If you are really serious on making some tracking then you could really check those transactions in between those things you had mentioned but eventually but you can really check out those stats or information
on just simply using up the website because those numbers you've been needing like overall wagered/profit/losses are there and if you do intendly to look on about betting history
then you could always check it because all of sites do have that history which its impossible that there are no previous bets that a player couldnt able to check out.
This is why it isnt really that much needed if you do ask me.

[KTChampions]

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

This is actually quite easy to explain. "small" but regular expenses, although not noticeable at any given moment, eventually add up to a large amount. If a gambler makes a lot of small deposits, then he may not think about the final amount, and he will most likely be too lazy to make calculations himself.
Obtaining such a report is very useful in my opinion, since it is quite easy to come to terms with the loss of 20 or 50 dollars, but if you see that in a month you have lost, for example, 1000 dollars, then you can draw conclusions about saving on gambling since 1000 dollars can be spent more profitably in other areas.

[Fesatmas]

Yes, it is. Not many people may do that because they constantly need to write the result every time they finish gamble.
Some people will say to themselves to write it tomorrow before they start gambling, but they can forget it because they want to start gambling.

Sometimes, this is the reason why we forget or are not willing again to take note of what we have spent at that time. Moreover, if we are saying tomorrow, maybe tomorrow will also say tomorrow again. 

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

Which means the concept of gambling is not detailed at all. Doesn't that sound like a waste that doesn't count losses. Maybe he gambles quite freely and doesn't care how much he has to spend on it, but in fact, somehow a gambler must occasionally make a list for his month in gambling and the income he gets from gambling.

[Zilon]

because i'm used to management then monthly financial statements sound more professional....for someone like me who rarely gambles then the monthly report is much better.  besides that i can also sort it out with my other expenses, so i can easily monitor that.

It's really not so easy as it sounds except you are highly deciplined. Early last month I made an estimated budget of how much I will stake for the month and to my greatest surprise I didn't know when I went back to my savings to gamble more although the amount I took wasn't much but going against my budget is really my emphasis

[TheGreatPython]

somehow a gambler must occasionally make a list for his month in gambling and the income he gets from gambling.

Even you are a successful gambler, probably you will never do that.

When a gambler is continuously losing then definitely he will hate to see his losses again and again which must be the reason why such a gamblers are never preferring to go for summarizing their gambling activities in terms of profits and losses.

When you are profitably gambling then probably you will never find time to go for preparing those financial statements of your gambling activities.

But, when you are making statements of your profits and losses which definitely bring changes in your habit of spending for gambling.

[ethereumhunter]

because i'm used to management then monthly financial statements sound more professional....for someone like me who rarely gambles then the monthly report is much better.  besides that i can also sort it out with my other expenses, so i can easily monitor that.

It's really not so easy as it sounds except you are highly deciplined. Early last month I made an estimated budget of how much I will stake for the month and to my greatest surprise I didn't know when I went back to my savings to gamble more although the amount I took wasn't much but going against my budget is really my emphasis

Not all people can discipline in the budget because we will not always remember for what we already spent and what for. But having a monthly financial statements can show us how much money we spent or allocate to buy something or use for something. Although we often break our limits in other things, but in gambling, we need to strict with the budget. Otherwise, we will not realize how much money we already use to gamble.

[Fesatmas]

somehow a gambler must occasionally make a list for his month in gambling and the income he gets from gambling.

Even you are a successful gambler, probably you will never do that.

When a gambler is continuously losing then definitely he will hate to see his losses again and again which must be the reason why such a gamblers are never preferring to go for summarizing their gambling activities in terms of profits and losses.

When you are profitably gambling then probably you will never find time to go for preparing those financial statements of your gambling activities.

But, when you are making statements of your profits and losses which definitely bring changes in your habit of spending for gambling.

You are right, a gambler may not all detail his expenses and income, but some economists who like to gamble more to the financial management system are quite good, and that I witnessed a neighbor who was so proficient at gambling, then I asked him what strategy he used when he was afraid to gamble.

he just said: "it's simple you just need to manage what you bet and how much you earn. When I reached the point of loss, I stopped it so it wasn't too big. And one more thing if you have reached the profit percentage target, then take it and withdraw the whole game".

[ReiMomo]

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

This is actually quite easy to explain. "small" but regular expenses, although not noticeable at any given moment, eventually add up to a large amount. If a gambler makes a lot of small deposits, then he may not think about the final amount, and he will most likely be too lazy to make calculations himself.
Obtaining such a report is very useful in my opinion, since it is quite easy to come to terms with the loss of 20 or 50 dollars, but if you see that in a month you have lost, for example, 1000 dollars, then you can draw conclusions about saving on gambling since 1000 dollars can be spent more profitably in other areas.

I have experienced the same. Spending small amounts frequently and not tracking it, keeps me think that did i spend this much of amount within these few days? Like wise it might be on gambling i suppose. Playing with small money and not tracking it, may not support to calculate how much we spent and how much profit we have earned. Its always satisfying to track even the small expenses and small profits as well.

[AmoreJaz]

I don't understand how you can not know how much you have lost without using reports. If you use credit card funds to play, you can see your spending history. If you use cryptocurrency then all information is available on the blockchain.

This is actually quite easy to explain. "small" but regular expenses, although not noticeable at any given moment, eventually add up to a large amount. If a gambler makes a lot of small deposits, then he may not think about the final amount, and he will most likely be too lazy to make calculations himself.
Obtaining such a report is very useful in my opinion, since it is quite easy to come to terms with the loss of 20 or 50 dollars, but if you see that in a month you have lost, for example, 1000 dollars, then you can draw conclusions about saving on gambling since 1000 dollars can be spent more profitably in other areas.

I have experienced the same. Spending small amounts frequently and not tracking it, keeps me think that did i spend this much of amount within these few days? Like wise it might be on gambling i suppose. Playing with small money and not tracking it, may not support to calculate how much we spent and how much profit we have earned. Its always satisfying to track even the small expenses and small profits as well.

as we will not see this kind of feature from casinos anytime soon, and if you want to check your spending habits, for now, just be contented to check your deposit history from your casino as well as your withdrawal history. i don't think the casino will still be responsible on how you manage your funds. this is how responsible gamblers can do, track their own funds.  definitely, it would be nice to receive some kind of financial statements from casinos, but not seeing this feature to be implemented anytime soon

[michellee]

I have experienced the same. Spending small amounts frequently and not tracking it, keeps me think that did i spend this much of amount within these few days? Like wise it might be on gambling i suppose. Playing with small money and not tracking it, may not support to calculate how much we spent and how much profit we have earned. Its always satisfying to track even the small expenses and small profits as well.

Many of us have that experience and fail to manage the funds for playing gambling because we feel that the game is attractive and can make us enjoy it. If we can not manage or track how much money we use in gambling, we will lose too much money and if we lose, it is difficult to recover that money. But if you can manage your funds, you can play for small money and not have to worry about anything because you can track how much you spend.

[ultrloa]

If you are not good at managing your finances you should get a weekly financial statement because you will have a closer look at how much you are spending. Monthly can be surprising sometimes when you have spent 100s more than you thought you did.

Hard to do that, people that aren't good at managing their finances aren't going to be able to do a good weekly financial statement because they won't have time and they will have a hard time controlling themselves plus it could psychologically affect them to the point where they see their losses for the week which might catapult them into trying to getting back those losses.

Weekly is kinda not a good option to me as there are so many things we need to work for the whole time span of the said days so maybe I choose the Monthly financial statement since this could give more convenience to us since we can work those things in 1 day without delaying or rushing things in one place. I know we will be loaded with counting numbers but since we have the whole day to work with it then for sure we will be more productive on the whole month if we choose this option.

[carlisle1]

If you are not good at managing your finances you should get a weekly financial statement because you will have a closer look at how much you are spending. Monthly can be surprising sometimes when you have spent 100s more than you thought you did.

Hard to do that, people that aren't good at managing their finances aren't going to be able to do a good weekly financial statement because they won't have time and they will have a hard time controlling themselves plus it could psychologically affect them to the point where they see their losses for the week which might catapult them into trying to getting back those losses.

Weekly is kinda not a good option to me as there are so many things we need to work for the whole time span of the said days so maybe I choose the Monthly financial statement since this could give more convenience to us since we can work those things in 1 day without delaying or rushing things in one place. I know we will be loaded with counting numbers but since we have the whole day to work with it then for sure we will be more productive on the whole month if we choose this option.

 I'll go with you, monthly is good enough to assess your gambling activities it will allow you to see much clearer if you needed to adjust your budget.

Better to take time and see if how things would work after you see lapses and over exceeding from your target, it's hard to allocate exact funds knowing that gambling most of the time attracts our emotions,.

You need to patiently control as it would help not to spend to much money with this activities.

[KTChampions]

I got an idea how to make these reports more important 
 For example, when registering in the system, a player must indicate the email of his wife or other relatives and a monthly report on spending in the casino will be sent there automatically. In my opinion, such a service, even with ideal family relationships and a large amount of money for entertainment, will make a person more disciplined because he will understand that someone other than him will know for sure about his "successes" in gambling.
What do you guys think of this option?

[LUCKMCFLY]

Personally, I would prefer to to have a bi-weekly as it just give me some leverage and as well know how the mid month standing is so that ca plan my second half of the month accordingly. Weekly I guess for me will be too much with data fillings and managing it.

This is good for your own assessment so you can know if you still have funds to gamble in the next days, monitoring such activities can be a big help, this is managing your time and money with gambling. Though I’m thinking now, that Monthly is the best option for me even if I usually gamble with fiat money and there’s no monthly report on the site aside from my own monitoring files, unfortunately i always forgot to record so I also prefer to have reports from gambling site which I don’t see any yet that offer this kind of services aside from doing it manually.

From my own experience, it is best to have a control of all these weekly financial statements, because in each week it is a good indication to know how the income and expenses are. Monthly financial statements are much more attractive to those who plan their monthly expenses. When a weekly control is carried out, the monitoring is much more specific, it can be deepened, in economic terms, any public accountant will tell you that it is best to have monthly financial controls, only that if you have weekly control, you will get a lot of information per month. more precise, of course, is my way of looking at the financial statements, it depends a lot on the personality of each person.

[Fesatmas]

I got an idea how to make these reports more important 
 For example, when registering in the system, a player must indicate the email of his wife or other relatives and a monthly report on spending in the casino will be sent there automatically. In my opinion, such a service, even with ideal family relationships and a large amount of money for entertainment, will make a person more disciplined because he will understand that someone other than him will know for sure about his "successes" in gambling.
What do you guys think of this option?

The options you are trying to say are great when applied to gamblers, they get incoming reports via email without having to manually detail them. Maybe this kind of input is good enough to use, but is it too transparent for the other party to see if you should email your wife or neighbor?
if only through messages to private emails it is much more closed and only we can find out the number of expenses or income during the month.

[KTChampions]

I got an idea how to make these reports more important 
 For example, when registering in the system, a player must indicate the email of his wife or other relatives and a monthly report on spending in the casino will be sent there automatically. In my opinion, such a service, even with ideal family relationships and a large amount of money for entertainment, will make a person more disciplined because he will understand that someone other than him will know for sure about his "successes" in gambling.
What do you guys think of this option?

The options you are trying to say are great when applied to gamblers, they get incoming reports via email without having to manually detail them. Maybe this kind of input is good enough to use, but is it too transparent for the other party to see if you should email your wife or neighbor?
if only through messages to private emails it is much more closed and only we can find out the number of expenses or income during the month.

Too transparent from the casino side? Yes, this makes sense, but when choosing this option, the player is not obliged to indicate who owns the addresses where the reports will be sent. Perhaps for greater reliability, the wife or other relatives will have to set up separate mailboxes to receive this information.
But these are all small technical details, what do you think of such an option as a whole?