The Naughty Fund
What is the 'naughty fund'?
The naughty fund is money set aside as a result of a gamble, wager or bet of some description.
How does the naughty fund work?
There are the rules of a naughty fund:
- Any money won through the risking of any of your money should be placed into the naughty fund
- If your return to a bet is more than your stake, all the money should be placed into the naught fund –returned state and profit margin
- If your return to a bet is the same or less than the initial stake all the money returned should be placed in the naughty fund
- Since you risked the initial stake and could have lost it, any returned is liable for the fund
- Money won or returned from a wager can not be used again unless it counts as the same cycle of gambling; for example:
- FINE: Putting winnings in the same fruit machine in the same go
- NOT FINE: Putting winning or returns into another machine
- FINE: Going double or quits on a wager about the same subject / situation
- NOT FINE: Going double or quit on the outcome of say a football match after the conclusion of an already bet on game
- NOT FINE: Placing winning of one horse race onto another horse race
- Once money is in the naughty fund, I can not be taken out for change, avoiding going to the cash machine or anything of that ilk
What is the point of the naughty fund?
Over time, when you have had a bet or had a game of cards or a go on a fruit machine, you have risked 100% of that money and should have been happy loosing it for the entertainment value or the risk of game you have played. The point of the naughty fund is to ensure you do end up 'in your day to day pocket' loosing that money, and understanding & adjusting any gambling levels to a point where you can still exist without worry or stresses of 'chasing a win' or allowing what should be a enjoyable experience to something that will suck you dry.
The idea of the naughty fund will also allow you to see what is enjoyable to bet on and what isn't. Maybe betting on the dogs is a fun night out with a few friends and a few beers, but is it as enjoyable betting on dogs online or at a betting shop? The idea of any stake money and winnings being removed from the general cash flow would highlight this.
What happens to the naughty fund?
A naughty fund cycle should last for at least 6 months, after 6 months on at the first weekend of that month, role a dice. If the dice rolls 1 - the naughty fund is yours for 1 big thing!
What is done with the naughty fund?
Once you have 'won' your naughty fund, you can use it to purchase something. This should be something not gambling related and the whole fund must be used to pay for a single item / experience (you can add more of your own money if required). So this might be:
- A new flat screen TV
- A holiday
- A course
- ...what ever. But not your monthly shop!
It must be something different from something you would have been getting anyway –a gift to yourself; the return of money once lost during a bet.
And that's pretty much it.
-Anton McCoy