Gambling addiction

Gambling addiction

Gambling can become a problem for your finances. Find out how to identify if you have a gambling problem and where you can get the support you need to help you overcome your addiction and get on top of your finances.

The financial impact of gambling

Not all gambling is a cause for concern, for example, buying a lottery ticket or a scratch card every now and again can just a bit of fun. However, when the funs stops and it becomes an unhealthy obsession and your finances and relationships are implicated, then it becomes a much bigger issue and you may need to seek professional advice. Gambling problems can happen to anyone and it is important to notice the signs before your hobby turns into an addiction and leaves you in a bad financial situation that could end up impacting your mental or physical wellbeing.

While gambling might start as a fun and harmless activity, it can quickly turn into something more damaging. Winning a prize might increase the urge to gamble again, in case you’re “on a roll”, while losing money might tempt you to have another go again and again until you win your money back. It can be an endless cycle where you lose more and more of your cash until you become reliant on gambling to make it through the day.

Factors, such as relationship breakdowns, bereavements or mental health issues can all be triggers for a gambling habit. Gambling can feel like a temporary escape from the outside world, but it’s important to remember that it won’t make your problems disappear and can make them significantly worse.

If you’re worried that you might have a gambling problem, please get in touch with one of the charities below who will be able to help you.

How to identify a gambling problem

There are many signs to indicate that you have a gambling problem. We have compiled a list of some of the most common ones but, don’t forget, there are many more. If you have any concerns, please seek advice from a medical professional.

  • Intense mood swings or feeling out of control of your emotions
  • Only feeling fulfilled when gambling and losing interest in previous activities you used to enjoy
  • Feeling depressed or anxious
  • Changes to your sleeping patterns or appetite
  • Reliance on drugs or alcohol
  • Being unable to concentrate on anything other than gambling
  • Stealing money or considering stealing money from loved ones to fund your addiction
  • Lying to loved ones about where any financial gains have come from or amounts of money lost
  • Isolating yourself from others
  • Feelings of guilt or shame, especially when gambling
  • Looking to take out loans or credit cards specifically to fund gambling

Need some help?

We’re happy to support you with any issue that might be impacting your finances. Contact our specialist team on 0161 779 5000.

Opening times:

Monday - Thursday: 8:00am - 8:00pm

Friday: 8:00am - 6:30pm

Saturday: 8:00am - 4:30pm

Need some help?

We’re happy to support you with any issue that might be impacting your finances. Contact our specialist team on 0161 779 5000.

Opening times:

Monday - Thursday: 8:00am - 8:00pm

Friday: 8:00am - 6:30pm

Saturday: 8:00am - 4:30pm

How the thinkmoney app can help reduce the strain on your mental health

Queuing in branches and inconvenient opening times aren’t our thing either. The thinkmoney app is here to help you manage your money well, even when life gets in the way. With 24/7 access to your account via the app, you can:

  • Send money in seconds
  • Check your balance on the go
  • Secure Face/Touch recognition
  • Manage Direct Debits
  • Manage standing orders
  • Freeze your card

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