6. Gambling Your Money Away
For some people, gambling is recreation. For others, it starts out that way but turns into a financially crushing addiction. It’s not unusual for gambling addicts to drain savings, raid business accounts, write bad checks and spend their children’s college tuition.
Although their lives and finances crumble, many continue playing until they’re broke. The social cost of problems associated with gambling — including job loss and bankruptcy — was estimated to be $7 billion in 2013, according to the National Council on Problem Gambling.
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