It’s Your Money: Do you think about risks and outcomes when you spend? Most people don’t
Do you like lottery scratch tickets? I’ll say this upfront – I do. The purpose of this column is not to shame anyone who likes them, too. Maybe that’s you. For the purposes of the point I’ll eventually get to, let’s say you buy a $5 scratch ticket every week. Sometimes you don’t win anything. Sometimes you win $5 or $10. Even $20 or $50. If you’re lucky, you’ve won more than once or twice. Let’s say that your dream, for purposes of the eventual point, is to win $50,000 (or more!), so you can buy a new car, pay off your credit cards, have a downpayment for a house, or something like that.