Financial Literacy

Budgeting is important to keep track of your play and make sure you don’t spend more than you are willing to lose.
Make sure you have a game plan and know how much you’re willing to lose and how long you want to play.
Most financial advisers recommend that you spend up to 5-10% of your after-tax income on entertainment and recreation.
Lower risk gambling guidelines suggest spending 1% or less of your household income on gambling.
Play within your gambling budget. Once you hit your budget, it’s time to move on to something else.

You should not use credit or borrow money to gamble. It increases your risk of experiencing gambling-related harm.
Credit is more than just cards. It’s also lines of credit, credit card cash advances, PayPal, and loans from credit unions, banks, friends, or family.
Using a credit card enables debt to pile up quickly.
Leave the plastic at home and only take cash with you to in-person gambling venues.

Gambling is a form of entertainment, like going to a concert, not a way to make extra money.
The gambling odds are stacked high against you. Expect to lose and remember you’re playing to have a good time.
Never chase your losses, it almost always leads to bigger losses.
Don’t leave the fun to chance. Only gamble with money you have budgeted for entertainment purposes.

GameSense

PlayNow.com

Casinos BC

Lower Risk Gambling Guidelines

General Financial Literacy

Your Financial Toolkit (Financial Consumer Agency of Canada)
Financial Education (Credit Counselling Society – workshops, webinars, online courses, building your budget, money tips, debt reduction tips)
Financial Resources (Credit Counselling Society – blogs, calculators, workshops, budgeting tips, understanding credit)

Budgeting