Appropriate percentage of income for gambling

[2Pizza410000BTC]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Every gambler comes from a family so the biggest part of their income must be used for the family. Gamblers usually try to spend a large portion of the money for family and other necessary expenses. But here is another thing we have to consider that this gambling may be different for those who have higher income. But overall I agree with you that if someone spends 5 percent of his income on gambling it will not be a burden for anyone. But in this case, even if it is 7 percent to 10 percent that will be acceptable.

A gambler must keep the family expenses in mind if he gambles under a family. After meeting the family's expenses, he has to keep a certain portion to participate in gambling later. In this case, if a gambler participates in gambling professionally and earns without facing any losses, he can save a certain portion of his income. And if the gambler faces losses rather than gains then most of his income has to be spent on gambling leaving aside family support for which he later lives in poverty.

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[summonerrk]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Every gambler comes from a family so the biggest part of their income must be used for the family. Gamblers usually try to spend a large portion of the money for family and other necessary expenses. But here is another thing we have to consider that this gambling may be different for those who have higher income. But overall I agree with you that if someone spends 5 percent of his income on gambling it will not be a burden for anyone. But in this case, even if it is 7 percent to 10 percent that will be acceptable.

A gambler must keep the family expenses in mind if he gambles under a family. After meeting the family's expenses, he has to keep a certain portion to participate in gambling later. In this case, if a gambler participates in gambling professionally and earns without facing any losses, he can save a certain portion of his income. And if the gambler faces losses rather than gains then most of his income has to be spent on gambling leaving aside family support for which he later lives in poverty.

That's right, family life imposes very large expenses on the player. Imagine that you have your own expense items, and in addition there are unforeseen expense events - a tooth ached, a shoe broke, and so on. If you are a family man, then the expenses for your wife are also imposed on you - after all, she is most likely on maternity leave, and her income is very small. Well, plus to all this, there is a child whose expenses are almost impossible to plan, they are chaotic and large.

Therefore, if a family man wants to continue gambling, his income must be huge. Because in family life, you never know how much money you will have left in a week.

[2Pizza410000BTC]

Therefore, if a family man wants to continue gambling, his income must be huge. Because in family life, you never know how much money you will have left in a week.

The prices of commodities in my country are so high that average people spend twice as much money every day as they earn. As a result, there is no way for him to keep some money in reserve in the family. In our socio-economic context, it is not at all possible to support the family by participating in gambling. A private employee can never support his family as per his mind, so at the end of the month he has to borrow a certain part to meet the family expenses.

[Distinctin]

Therefore, if a family man wants to continue gambling, his income must be huge. Because in family life, you never know how much money you will have left in a week.

The prices of commodities in my country are so high that average people spend twice as much money every day as they earn. As a result, there is no way for him to keep some money in reserve in the family. In our socio-economic context, it is not at all possible to support the family by participating in gambling.

I don't agree with you when it comes to profitable gambling. You see, there are no limitations in terms of how much you can earn through gambling; all you need to do is establish that consistency, and you'll undoubtedly lead a prosperous life. However, it's important to note that gambling is often perceived as a high-risk endeavor, which is why only a few manage to succeed in it. Yet, if you possess the necessary skills, generating income from gambling shouldn't pose a problem. In the future, your challenge might shift to how to effectively manage and use your wealth.

My point is, it's not accurate to always assume that no one can make money from gambling, as this notion is merely a myth.

A private employee can never support his family as per his mind, so at the end of the month he has to borrow a certain part to meet the family expenses.

Then, over time, they might face financial difficulties due to their low income and substantial expenses. From a business perspective, this situation is referred to as bankruptcy.

[len01]

-snip

That's right, family life imposes very large expenses on the player. Imagine that you have your own expense items, and in addition there are unforeseen expense events - a tooth ached, a shoe broke, and so on. If you are a family man, then the expenses for your wife are also imposed on you - after all, she is most likely on maternity leave, and her income is very small. Well, plus to all this, there is a child whose expenses are almost impossible to plan, they are chaotic and large.

Therefore, if a family man wants to continue gambling, his income must be huge. Because in family life, you never know how much money you will have left in a week.

if a man who has a family would be better advised to put aside gambling and prioritize the needs of his family and gamble when he has money left over from daily needs. this is like planning a budget for gambling when you have a job and get a salary that you have to separate the money to cover all needs and if there is no extra to ignore gambling for a while.

I think to gamble continuously you do not need to have a large income just once plan a budget for gambling but use it professionally for example a man has a job with a salary of $300 and after that separate the money $250 for his family and $50 to place on sports bets on teams that have big chance to win to get better results and if you win, do not occasionally use all the budget money and winning money to bet again but stay consistent with the initial bet so that the budget will last a few days or a few weeks.

but if the budget is used to play in casino games Im not sure if the funds will last a few days.

[mirakal]

To be honest I think I fall under the category of people who don't actually have a certain percentage of my earnings I use for gambling, I mostly just like to flex it thats whenever am feeling like gambling or I have seen a particular game am much interested in, I just go on all out and place my bet depending on the amount I am willing to spare for that moment.

You know that was also like me when I’m still a beginner in gambling. I just gamble whenever I feel the urge, and bet whatever I have extra amount willing to lose. But as I became a regular gambler, I realized I have to set an amount that I intend to use for entertainment, no regret if I lose them all but it would be better if I also make them double or triple the amount. So I decided to play below 10% of my weekly pay, but mostly whenever I’ve seen that there’s no luck coming, probably it all fall down to 5%. And I think that works, my finances are still manageable despite of some consistent losses I’ve incurred.

[piebeyb]

To be honest I think I fall under the category of people who don't actually have a certain percentage of my earnings I use for gambling, I mostly just like to flex it thats whenever am feeling like gambling or I have seen a particular game am much interested in, I just go on all out and place my bet depending on the amount I am willing to spare for that moment.

You know that was also like me when I’m still a beginner in gambling. I just gamble whenever I feel, and whatever I have extra amount willing to lose.

People who use this percentage may be a businessman who is also looking for money in gambling so it needs calculations and percentages of income as well as gambling profits, even though in my opinion just play as usual as long as you can limit your gambling budget properly, for example every week only $ 100 , when you have lost around $ 100 you should stop gambling because it limits the budget so as not to become poor.

Gamblers if they have become addicts will be difficult to cure because they cannot be stopped if they are already heavily addicted, so just play with a healthy mindset like gambling by just having fun enjoying the game without having to chase profits and make it a source of income. Gambling must be wise and full of responsibility

[kro55]

To be honest I think I fall under the category of people who don't actually have a certain percentage of my earnings I use for gambling, I mostly just like to flex it thats whenever am feeling like gambling or I have seen a particular game am much interested in, I just go on all out and place my bet depending on the amount I am willing to spare for that moment.

You know that was also like me when I’m still a beginner in gambling. I just gamble whenever I feel the urge, and bet whatever I have extra amount willing to lose. But as I became a regular gambler, I realized I have to set an amount that I intend to use for entertainment, no regret if I lose them all but it would be better if I also make them double or triple the amount. So I decided to play below 10% of my weekly pay, but mostly whenever I’ve seen that there’s no luck coming, probably it all fall down to 5%. And I think that works, my finances are still manageable despite of some consistent losses I’ve incurred.

People actually should be gambling, only if they are ready to lose the amount of money that they put on to gamble. Otherwise, if you are someone who just somehow can manage his money and not save much, you should not be even thinking about gambling. It’s better to just save the money for future. Or even better, invest the money in something which might give a better return.

People think about gambling as an "instant profit" thing. But we all know that it is actually hard to win in gambling if you have actually not lost a lot of money. People who gamble professionally are definitely people who have a lot of experience in gambling and also most of the time have a lot of money. So I definitely do not think that gambling is a get-rich-quick scheme. For me, it is more like a time-passing method.

[Fivestar4everMVP]

To be honest I think I fall under the category of people who don't actually have a certain percentage of my earnings I use for gambling, I mostly just like to flex it thats whenever am feeling like gambling or I have seen a particular game am much interested in, I just go on all out and place my bet depending on the amount I am willing to spare for that moment.

You know that was also like me when I’m still a beginner in gambling. I just gamble whenever I feel the urge, and bet whatever I have extra amount willing to lose. But as I became a regular gambler, I realized I have to set an amount that I intend to use for entertainment, no regret if I lose them all but it would be better if I also make them double or triple the amount. So I decided to play below 10% of my weekly pay, but mostly whenever I’ve seen that there’s no luck coming, probably it all fall down to 5%. And I think that works, my finances are still manageable despite of some consistent losses I’ve incurred.

Well , for me , I am a regular gambler though not that regular though, but honestly ,I still prefer the old fashioned way which is to gamble when ever I feel like it, and my stake will depend solely on the amount of money I am willing to risk losing at that particular moment.
As someone who got people to feed take care of ,  a lot of responsibilities that require money , I honestly don't find it convenient to set anything aside either weekly or monthly for the sole purpose of gambling alone, I feel there are many other much more important stuffs to set money aside for , rather than doing it for gambling , but then ,I understand that every man is to his or her own , we set aside funds for things in our lives based on how important it is to us, based on priorities, which is absolutely ok .

[Crypt0Gore]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Every gambler comes from a family so the biggest part of their income must be used for the family. Gamblers usually try to spend a large portion of the money for family and other necessary expenses. But here is another thing we have to consider that this gambling may be different for those who have higher income. But overall I agree with you that if someone spends 5 percent of his income on gambling it will not be a burden for anyone. But in this case, even if it is 7 percent to 10 percent that will be acceptable.

A gambler must keep the family expenses in mind if he gambles under a family. After meeting the family's expenses, he has to keep a certain portion to participate in gambling later. In this case, if a gambler participates in gambling professionally and earns without facing any losses, he can save a certain portion of his income. And if the gambler faces losses rather than gains then most of his income has to be spent on gambling leaving aside family support for which he later lives in poverty.

That's right, family life imposes very large expenses on the player. Imagine that you have your own expense items, and in addition there are unforeseen expense events - a tooth ached, a shoe broke, and so on. If you are a family man, then the expenses for your wife are also imposed on you - after all, she is most likely on maternity leave, and her income is very small. Well, plus to all this, there is a child whose expenses are almost impossible to plan, they are chaotic and large.

Therefore, if a family man wants to continue gambling, his income must be huge. Because in family life, you never know how much money you will have left in a week.

When you start having children they will be a big change on how you save money and how you invest, there is no thing as budget for the family, you will keep spending and spending and there won't be anything to keep the account about your spending, the only way to stay ahead is to double how much your are originally making before you get married and start having kids, up your game and there will be enough for investments and savings.

The truth is this won't be easy for many people, as they are basically living on their salary earnings, this is why I am not a fan of working under someone and earning a salary every month, the room for growth won't be wide enough to do as you please.

As for those who are not salary earners, maybe those who have their own business it's easier to work on something new that can start generating you extra income every month, the difference is you will have the time to learn something new, there will be no boss waiting for you at the office door to talk trash on you about why you are late.

[Jawhead999]

The prices of commodities in my country are so high that average people spend twice as much money every day as they earn. As a result, there is no way for him to keep some money in reserve in the family. In our socio-economic context, it is not at all possible to support the family by participating in gambling. A private employee can never support his family as per his mind, so at the end of the month he has to borrow a certain part to meet the family expenses.

That's mean the gambler is doesn't have a good money management.

When someone need to borrow money for family expenses, he should calculate the expected monthly spending because borrowing money is unhealthy. Maybe he need to lower the money for entertainment and save the rest for urgent need.

Also learn about frugal living lifestyle, don't spend money for unnecessary stuff.

[slapper]

To be honest I think I fall under the category of people who don't actually have a certain percentage of my earnings I use for gambling, I mostly just like to flex it thats whenever am feeling like gambling or I have seen a particular game am much interested in, I just go on all out and place my bet depending on the amount I am willing to spare for that moment.

You know that was also like me when I’m still a beginner in gambling. I just gamble whenever I feel, and whatever I have extra amount willing to lose.

People who use this percentage may be a businessman who is also looking for money in gambling so it needs calculations and percentages of income as well as gambling profits, even though in my opinion just play as usual as long as you can limit your gambling budget properly, for example every week only $ 100 , when you have lost around $ 100 you should stop gambling because it limits the budget so as not to become poor.

Gamblers if they have become addicts will be difficult to cure because they cannot be stopped if they are already heavily addicted, so just play with a healthy mindset like gambling by just having fun enjoying the game without having to chase profits and make it a source of income. Gambling must be wise and full of responsibility

However, not every participant at the casino is a businessperson. Not everyone views gambling as a commercial venture. You are correct; it is a hazardous game if you become addicted. Moreover, it is not for the fainthearted. If you've established a budget, adhere to it. If you're down $100, call it a day and return later. But always return stronger, wiser, and better prepared

Remember that money is not everything. Occasionally, it's all about the excitement, the strategy, and the game. And always - ALWAYS - maintain your composure. If you are unable to manage the game, it may be time to leave the table

[maydna]

When you start having children they will be a big change on how you save money and how you invest, there is no thing as budget for the family, you will keep spending and spending and there won't be anything to keep the account about your spending, the only way to stay ahead is to double how much your are originally making before you get married and start having kids, up your game and there will be enough for investments and savings.

The truth is this won't be easy for many people, as they are basically living on their salary earnings, this is why I am not a fan of working under someone and earning a salary every month, the room for growth won't be wide enough to do as you please.

As for those who are not salary earners, maybe those who have their own business it's easier to work on something new that can start generating you extra income every month, the difference is you will have the time to learn something new, there will be no boss waiting for you at the office door to talk trash on you about why you are late.

Even when you already have a family, you will probably focus more on your family than on gambling and will give your income to your partner to manage. Maybe you can still have a small budget for gambling, but the amount will be less than when you were single. And it's true everything will change drastically when you have children because your next priority is your children, which will cost more than before. This is why many husbands are trying to find additional income, one of which is by playing gambling. But that's not a good choice because we won't know how often we can win.

And when they already have a family and children, that can reduce the budget for gambling, so of course, it will make them also reduce the time to gamble. There will be other joys that they will find in their family, namely their children who are starting to grow up, and watching them grow will be a joy.

[shogun47]

Talking about percentages to be spent on gambling from your weekly income only makes sense when we know what we are comparing here. If someone makes 5k USD a week and spends 500 USD, no issue with that I guess. But when someone makes 500 USD a week and is around his existential minimum, every dollar counts. That's why establishing a rule in terms of percentages should be done on the basis of how much money is earned and also needed to keep life moving forward and not get derailed. It is also highly individual how people go til when they lose. Some will say that they are ok when they just wasted 10% of their weekly income in a casino, while others would perhaps be mad at themselves when they lost 1% or 2% on gambling.
I think it should be more a percentage of discretionary income when all important things are covered. If someone chooses to gamble around over going to the cinema, that's fine then.

[Dr.Bitcoin_Strange]

Talking about percentages to be spent on gambling from your weekly income only makes sense when we know what we are comparing here. If someone makes 5k USD a week and spends 500 USD, no issue with that I guess. But when someone makes 500 USD a week and is around his existential minimum, every dollar counts.

Your assumption got me to ask if there is any job where, in these recent days, anyone is earning about $5k in a week? Maybe it can exist in other countries, but in my country, I have not seen any worker receiving $5k per week; it's always way less than that, and even if a gambler is earning $500 every week, spending 5% of their $500 weekly income on gambling cannot be considered reckless spending on gambling. Some people spend more than that. Even if one is earning $100 every week, 5% is not too much to spend on gambling.

 

Some will say that they are ok when they just wasted 10% of their weekly income in a casino, while others would perhaps be mad at themselves when they lost 1% or 2% on gambling.

Wow, who will be mad for just spending 1 or 2% of their income on gambling? Before that can happen, two things are involved: either the person doesn't like gambling but was compelled and persuaded to do so, or the person is earning above $100k per week or month. If the person is earning more than $100k, that means that the 2% they spend on gambling would really be a huge amount of money.

I think it should be more a percentage of discretionary income when all important things are covered. If someone chooses to gamble around over going to the cinema, that's fine then.

[/quote]

Yeah, I agree with you on that, and I believe that's what it really is, because perhaps you don't know how much my total monthly or weekly income is, so you can't decide for me how much I should spend on gambling. Since I am the one who has that information, I can only decide for myself how much I need to spend from the income I get (just a scenario).

[Mahanton]

When you start having children they will be a big change on how you save money and how you invest, there is no thing as budget for the family, you will keep spending and spending and there won't be anything to keep the account about your spending, the only way to stay ahead is to double how much your are originally making before you get married and start having kids, up your game and there will be enough for investments and savings.

The truth is this won't be easy for many people, as they are basically living on their salary earnings, this is why I am not a fan of working under someone and earning a salary every month, the room for growth won't be wide enough to do as you please.

As for those who are not salary earners, maybe those who have their own business it's easier to work on something new that can start generating you extra income every month, the difference is you will have the time to learn something new, there will be no boss waiting for you at the office door to talk trash on you about why you are late.

Even when you already have a family, you will probably focus more on your family than on gambling and will give your income to your partner to manage. Maybe you can still have a small budget for gambling, but the amount will be less than when you were single. And it's true everything will change drastically when you have children because your next priority is your children, which will cost more than before. This is why many husbands are trying to find additional income, one of which is by playing gambling. But that's not a good choice because we won't know how often we can win.

And when they already have a family and children, that can reduce the budget for gambling, so of course, it will make them also reduce the time to gamble. There will be other joys that they will find in their family, namely their children who are starting to grow up, and watching them grow will be a joy.

As a Father or Family oriented kind of person then you would definitely be thinking about your family on giving out their needs and whatever they do really want on which it is  really just that normal that we do really priority
on whatever our family been asking but its not really that bad on giving yourself your own time in speaking about leisure or entertainment. Some person or men do really think up this kind of situation and some doesnt really care for themselves on their happiness but since each one of us does have that different kind of approach when it comes to entertainment because not all would really be that a fan of gambling then you could really expect
that it would really be just fine for other people on not to be able to play but for those who do want to play then allocating 2%-5% of your income should really be enough or sufficient. Dont make yourself go overboard or crossing on the line because this would really be definitely be creating that kind of possible impulsive approach which might lead into those actions which arent supposed to be done because it would really be possibly be
creating possible disaster into your finances if you arent really that sensible in towards on your further actions. This is why having that control and discipline would really be always the key and shouldn't really be ignored.

[maydna]

~snip~

As a Father or Family oriented kind of person then you would definitely be thinking about your family on giving out their needs and whatever they do really want on which it is  really just that normal that we do really priority
on whatever our family been asking but its not really that bad on giving yourself your own time in speaking about leisure or entertainment. Some person or men do really think up this kind of situation and some doesnt really care for themselves on their happiness but since each one of us does have that different kind of approach when it comes to entertainment because not all would really be that a fan of gambling then you could really expect
that it would really be just fine for other people on not to be able to play but for those who do want to play then allocating 2%-5% of your income should really be enough or sufficient. Dont make yourself go overboard or crossing on the line because this would really be definitely be creating that kind of possible impulsive approach which might lead into those actions which arent supposed to be done because it would really be possibly be
creating possible disaster into your finances if you arent really that sensible in towards on your further actions. This is why having that control and discipline would really be always the key and shouldn't really be ignored.

It's normal to give them what they want, but we should also know whether it's really what they need because so far, parents have never checked carefully whether what they are asking for is really what they need.

And regarding how much funds you can allocate for gambling and other entertainment, it depends on how you arrange your household financial budget so that it doesn't interfere with one another. Perhaps 2%-5% is enough for the gambling budget. At the same time, other entertainment will have a larger portion of the budget because other entertainment will usually be shared with other family members. Hence, it's only natural that the budget portion is also large.

Only we can budget for gambling because only we know how much we can afford in gambling. And as long as it doesn't exceed the limit, our budget or salary will surely be sufficient. And if we lose at gambling, we will not use the budget for other things because we know that it will interfere with allocating funds.

[wiss19]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Any percentage is not bad to be used for gambling as long as it's something one can afford to loose, gambling does not have a particular amount one must use to gamble, but there's nothing bad if we can on our own self made a decision on the amount in percentage that we want to be using for gambling, in my own opinion i don't think 5% is much but i can tell about some who will tell you it's much because of what they earned and how their other responsibilities appears.

Even if one can afford to spend 30% of their income on gambling, I don't think that is a good thing to do. One should have a fixed budget for their gambling activities and it shouldn't be a very big part of their income because gambling is not a way to earn money or something but it is a source of entertainment and trying your luck, if you are lucky, you will win big even if you have spent just 5% of your income and if you are unlucky, you won't win even if you spend 50% of it.

So, it's better if you can spend just a small percentage of your total income on gambling, enjoy your time while you can, and see if your luck works or not, and when you lose that money, just stop right there and wait until you get your next income and then gamble again with your budget.

[klidex]

I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?

Any percentage is not bad to be used for gambling as long as it's something one can afford to loose, gambling does not have a particular amount one must use to gamble, but there's nothing bad if we can on our own self made a decision on the amount in percentage that we want to be using for gambling, in my own opinion i don't think 5% is much but i can tell about some who will tell you it's much because of what they earned and how their other responsibilities appears.

Even if one can afford to spend 30% of their income on gambling, I don't think that is a good thing to do. One should have a fixed budget for their gambling activities and it shouldn't be a very big part of their income because gambling is not a way to earn money or something but it is a source of entertainment and trying your luck, if you are lucky, you will win big even if you have spent just 5% of your income and if you are unlucky, you won't win even if you spend 50% of it.

So, it's better if you can spend just a small percentage of your total income on gambling, enjoy your time while you can, and see if your luck works or not, and when you lose that money, just stop right there and wait until you get your next income and then gamble again with your budget.

I agree with what you said if spending 5% of income is more than enough to try your luck in gambling or to have fun in gambling and everyone knows that this is a healthy activity to spend small amounts in gambling because it is not a place to double money but rather to try your luck and have fun.
But sometimes every human being has different thoughts and almost all gamblers always think about a big budget for gambling which will produce big profits even though they ignore luck in gambling so no matter how big the budget is for gambling, if they are not lucky within 1 hour they will run out of gambling.

[wxa7115]

Someone saving 45% of their income each month will end up in a fantastic position very early on their life, think about it they are almost saving half of their salary, which means that each year they work they generate one year of savings.

If that person were to save a few years out of their income and then they invested that money in bitcoin, suddenly they will not have years of savings but decades of savings which will allow them to retire at a very early age.

And if they can save that amount without having to gamble at all, they will see how much money they have at the end of the year and it will surprise them that they can make a lot of money by saving it and not using it for gambling. But people who are used to gambling will definitely budget their money to be deposited into their gambling account so that they can freely use it to gamble.

Saving their money in bitcoin will be better for them because it can make them big profits from investing in it. If they also reduce their allocation of money for gambling and move it into investment savings in bitcoin, they will have more bitcoin they can sell when the price of bitcoin rises.

It is different for me as I allocate a certain amount for savings, investments, and expected expenses, and the remaining money will be for some stuff and leisure. Maybe I was really strict when it came to budgeting but I was thankful because this is the reason why I'd never fall into addiction and spend less on gambling. If only $100 is left (free money) then that is only the money I have to gamble to.

And I'd find out how important it was because, for some reason, we are able to keep on our plan and are able to reach our goal.

That is the right approach, since money that we can afford to lose means exactly that, after you subtract the money needed to pay for groceries, utilities, gasoline, insurance, saving and investing, then whatever that remains is the money you can afford to lose.

And if that amount of money is small so be it, there is no point in trying to gamble away more money than what we can afford, after all the amount of money we can earn is limited so it make sense we try to use it as effectively as we can.