Do you want to save money playing the lottery? Are you looking for ways to save up on playing the lottery? Then, this post is just for you as it looks at some of the best tips to help you save money when playing the lottery and much more. When it comes to lotteries, they are often referred to as a tax on the poor or a tax for the innumerate. The truth is that lottery tickets are disproportionately purchased by people belonging to lower-income groups. Besides, you might be thinking that players only win back a small percentage of what they had spent on the tickets in aggregate.
The fact remains which is that lotteries do actually end up sucking a ton of money away from people who cannot afford to play the lottery in the first place. Moreover, people should instead by socking away that money for more productive use. However, what if there was a way to still get the thrill of gambling and making sure that you prudently spend on the lottery? Well, there is in fact a way to do and some lottery players believe that it allows them to continue gambling and still saving a major chunk of their paycheck.
Prize-Linked Savings Accounts
Did you know that one of the most effective ways to save money while playing the lottery is by using a prize-linked savings account? You could make use of a prize-linked savings account to enjoy the thrill of gambling without having to worry about spending too much on the lottery. You might be wondering how it works. It is actually quite simple. So, every time you deposit a certain amount into your account, you would get a ticket for the raffle which includes the amount of money you can spend to try your luck at winning a cash prize. All the money you spend on the lottery tickets ends up going directly into your account until you manage to save enough in order to play. Thus, you get into the habit of saving.
Whether you live in the UK, Europe, or the U.S., prize-linked savings accounts have become extremely popular. They are offered by various credit unions and non-profits that are working to help people deal with gambling addiction. However, such arrangements are only legal in a few states. The idea behind prize-linked savings accounts is spreading and more people are taking notice than ever before.
Try the Irish Lotto
Did you know that the Irish Lotto is cheaper than the UK Lotto? If you want to save money playing the lottery, then, all you need to do is play the Irish Lotto. It offers exciting prizes and costs a lot less. The Irish Lotto is fun and played by tens of thousands of people in the UK as well. Find out what is it about the Irish Lotto that entices people to five it a try. Besides, it is cheaper than the UK Lotto.
This is a collaborative post.