Re: Mental Accounts or why some people find it hard to save
I'm not as described in the article but I know plenty that are including my parents. we lived pretty close to the poverty line but my parents went and played Bingo every week they had money left over to afford it. (neither of them ever went out drinking or to pubs,clubs, cinemas etc).
We only ever had 2 vacations away from home (I have 3 siblings) and both of those came with big wins on the Bingo. Another Bingo win bought an electric twin tub washer and spinner instead of the old mangle, other wins bought a TV, a new bed, a steam iron and ironing board etc.
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs