Weekly/monthly financial statements, which do you prefer?

[tulusikhlas]

Large expenditures of money should not be allowed to flow without structured management. It would be very dangerous, when not reviewing all the expenses while gambling. Moreover, large expenditures will be very useful, to find out how much everyone has won when gambling and how much money has gone into the loss box.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

What can be done, when getting data that has been released in the past, and getting some list of losses?

[bitzizzix]

I personally always prepare unexpected expenses for gambling, cigarettes, and beer every week after I prioritize spending on necessities such as food and so on every week.
and from 100% of my income during the week I only set aside about 30% for gambling and others as I mentioned earlier, and I start gambling in the middle of the week to the weekend and if the money I prepared for gambling runs out before the weekend I don't will add it again, because I know there will be more to lose than win so lose or win according to the capital I have prepared.
I've been using it for a few months and it's very effective and disciplined not to lose more, and if I win it's my luck and I'll keep the result in reserve whatever.

[Sterbens]

So, how much do you think you should spend on gambling per month or per week? You can adjust for various labor expenses and allocate to gambling a few percent.
I don't do a lot of routine checks on the expenses I've spent gambling, because first I'm not too addicted, and second I'm not very familiar with many gambling sites. I only gamble when I feel the need for entertainment, and that I can still control. Why can I be so kind and not addicted? the reason, that I'm not very good at gambling, except for the Slot button.

[ChrisPop]

I believe most of the gambling sites have some kind of statistics that measure different variables like your winnings/losses, total amount wagered, number of bets played.

If you ask me, I'd say this is useful for the responsible gambler, but might be frustrating or even dangerous for someone who is or is on the edge of becoming an addict. Seeing how much you lost is not an easy task for anyone. You keep thinking about what other things you could have made with that money.

I guess you can come with something like: "This month you have spenth $300 (loss) on entertaining yourself." - I imagine that would help some gamblers cope with their feelings.

[Fortify]

When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Can you share your thoughts please?

I think if you are new to managing your money effectively it is worth analyzing it week after week, as you really need to figure out where you are making profits and where you are leaking losses away. Once you have developed a solid strategy, which is usually a point where you can make money automatically and without thinking too much, then you may want to switch to checking your track record monthly. If you play a sloppy poker game for example, but gradually identify your weak spots and work it out of the game, then eventually you can improve to the point where you're making consistent money. I'm also not sure that your financial statements will tell the whole story as you need to determine why they are positive or negative based on the game you're playing.

[ReiMomo]

When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Can you share your thoughts please?

This reminds me of my friend who used to always tell me to calculate how much I spend for smokes per month. He does not smoke. I often told him not to remind of it since I may feel to reduce smoking worrying about the budget. Obviously yes, keeping a record of what we spend on, not only on alcohol, smokes or gambling, it may be anything, it would lead us to have financial control over our lives.

[CryptocurencyKing]

I'll prefer a weekly financial statement anytime to a monthly one. It might be stressful but it's worth every bit of the stress as it keeps you in constant awareness of what goes in and out of your account. Your expenses are better budgeted for too and a correction on your financial allocation can be easily down and spread out through your income periods.
In another place it proves to have a better advantage is in error detection and correction. Seriously, the awareness you've got keeps you on the go every time. Errors can be easily detected and treated as need may be. So, I a many ways, having a weekly account statement is better than a monthly statement. Come on, 7days compared to a 31days, that's too much of wait time.

[ralle14]

Monthly seems better since other expenses comes in monthly as well but the upside with weekly records is that the time frame is more precise if you plan on finding trends in your gambling activity since there are weeks where i'm not that active.

I believe most of the gambling sites have some kind of statistics that measure different variables like your winnings/losses, total amount wagered, number of bets played.

If you ask me, I'd say this is useful for the responsible gambler, but might be frustrating or even dangerous for someone who is or is on the edge of becoming an addict. Seeing how much you lost is not an easy task for anyone. You keep thinking about what other things you could have made with that money.

That's true most sites automatically track your stats but it's overall though, you rarely see gambling sites that shares your personal stats once a week or month. Having the opportunity to see your actual losses is good even though it could cause others to chase their losses it's better to face the reality before things get out of hand.

[seleme]

I believe most of the gambling sites have some kind of statistics that measure different variables like your winnings/losses, total amount wagered, number of bets played.

If you ask me, I'd say this is useful for the responsible gambler, but might be frustrating or even dangerous for someone who is or is on the edge of becoming an addict. Seeing how much you lost is not an easy task for anyone. You keep thinking about what other things you could have made with that money.

I guess you can come with something like: "This month you have spenth $300 (loss) on entertaining yourself." - I imagine that would help some gamblers cope with their feelings.

I agree, for example on Stake gamblers can request statistics and they can check the overall account stats for week/fortnight/month. If addiction is the case, checking stats will not change anything, the gambler will return to the casino for chasing losses as usual. Having a concrete money management plan and sticking to it is the way to protect your bank account/crypto savings in case of things go wrong. Overthinking about losses will not bring back losses, negative mental thoughts can be dangerous for addicted gamblers.

[harizen]

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Do you mean a gambling site will automatically send us our financial statement based on what period we have set? Like a subscription either they will send it via from our registered email or to an internal message inbox on the site.

I don't like it as it wasn't necessary to see how's my gambling finances go through all the time. However, when the time comes that I like to see it, just out of curiosity, requesting it to the site shouldn't be a problem as they have records of it.

[LUCKMCFLY]

When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Can you share your thoughts please?

I think that in my opinion, it would be better to give these weekly gambling expenses statistics, the reason is simple, if the monthly gambling expenses are shown, the control decreases, if the short-term expenses numbers are obtained, there will be self-control And you can set a weekly goal of the money you are willing to lose. In my case it is not like that, whether weekly or monthly I always have a percentage of my money that is not representative, and a part of that money that I have is monthly, I do not put more or less money. If I play 1 time and lose everything, I don't play until another month. Sometimes it is difficult to resist the temptation to play, but it is the best thing to do, as this is called discipline.

[carlfebz2]

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Do you mean a gambling site will automatically send us our financial statement based on what period we have set? Like a subscription either they will send it via from our registered email or to an internal message inbox on the site.

I don't like it as it wasn't necessary to see how's my gambling finances go through all the time. However, when the time comes that I like to see it, just out of curiosity, requesting it to the site shouldn't be a problem as they have records of it.

Does history wont really be enough for that matter? You would do manual calculations though but it would be good if they would be giving out those overall or total you had used or spent on your gambling activity
on a specific site.

Its not actually necessary to have this but if you are a gambler who do really mind about on how much you had spent overall then it should really be on monthly basis and also if you are that

mindful about your finances about totals or something like that then you shouldnt have gambled in the first place.

[madnessteat]

A person who counts his income and expenses always knows how much money and what he spent. In my opinion, receiving financial reports from the gambling site will not affect the activity of a gambler. But improving their financial literacy may well help to reduce spending, not only on gambling but also on other entertainment.

[traderethereum]

When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Can you share your thoughts please?

Having a weekly financial statement in gambling will be better for a gambler to see how much money he already spent on gambling on that site.
Many gambling sites will have that financial statements for their members because that can help a gambler calculate his funds to gamble.
If you are a responsible gambler, that report can help you to analyze how much average money you can use a week or a month so maybe you can adjust the amount which you think that is you can afford.
But I do not think that many gamblers will create that report for themselves, especially if they play gambling for fun.

[madnessteat]

^

How can a responsible gambler not remember how much money he spent on gambling or alcohol? A responsible person doesn't get drunk to the point where he can't remember what happened yesterday. A person who consumes alcohol in such quantities will not be helped by any financial reports. 

[Renampun]

...

for me getting monthly financial statements is much more organized...

with it I can also monitor other expenses in detail. I don't gamble very often so the monthly financial statements are enough for me not to pollute my records.

[DoublerHunter]

...

for me getting monthly financial statements is much more organized...

with it I can also monitor other expenses in detail. I don't gamble very often so the monthly financial statements are enough for me not to pollute my records.

^ If you know that you only spend on gamble 3-5% of your monthly salary is only allocated for gambling or other entertainment, there is no need for you to track monthly financial statements. Because you already know how much you have to spend especially if you are responsible for it on how to stop if you are beyond the limit. It is overall self-discipline to avoid possible addiction in gambling and in the first place, we know how to financially manage our salary in order to have savings and must be enough for a monthly budget. Don't spend 40-50% of your monthly salary on any entertainment activity to avoid shortage when it comes to financial status.

[Cling18]

I prefer a monthly financial statement so it would contain the complete information of my expenses so I would also know how to properly budget my monthly funds. I usually have proper allocations so I wouldn't spend too much and I'll know how to handle and control my expenses. Weekly or monthly financial statements wouldn't be a problem as long as we're handling our funds responsibly.

[harizen]

I don't like it as it wasn't necessary to see how's my gambling finances go through all the time. However, when the time comes that I like to see it, just out of curiosity, requesting it to the site shouldn't be a problem as they have records of it.

Does history wont really be enough for that matter? You would do manual calculations though but it would be good if they would be giving out those overall or total you had used or spent on your gambling activity on a specific site.

Its not actually necessary to have this but if you are a gambler who do really mind about on how much you had spent overall then it should really be on monthly basis and also if you are that mindful about your finances about totals or something like that then you shouldnt have gambled in the first place.

If you will read my statement, I never said that stats history is enough. If for you it does matter, then don't expect that I will have the same approach. I will stand that it wasn't necessary for me.

And kindly noted my last statement, "However, when the time comes that I like to see it, just out of curiosity, requesting it to the site shouldn't be a problem as they have records of it."

Hope that is clear.

[dothebeats]

I would still prefer monthly statements for whatever it is that require my attention on my finances, be it on banks or on gambling platforms. I usually keep my finances in check and really verify everything up to the last cent, and I want them organized as much as I can in order for me to not overlook any amount dues or whatnot. For my gambling history, I just check my deposit history and add them up to see how much I spent for a month. I don't really care so much about profits since I gamble to have fun and not to make some money off of it.