Americans spent nearly $108 billion on lottery tickets last year.
After no ticket matched all numbers drawn in Monday night's Powerball lottery, anyone feeling lucky has another chance to win the jackpot, which now stands at a whopping $1.2 billion, at the Wednesday drawing. To be sure, there's nothing wrong with fantasizing about winning the grand prize, or dropping $5 to $10 to buy lottery tickets or scratch-offs on occasion.
"Simply enjoy the money. Put it in a 'fun' fund. To go out to a fancy dinner or go on a vacation," said personal finance educator Tiffany Aliche, founder of TheBudgetnista.com and the Live Richer Academy."If that money is going to be gone anyway, I'd rather you have lovely experiences. Let it be gone in a way that holistically enriches your life.
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