62. Save $50 per month – Stop buying lottery tickets

If you stop buying lottery tickets at $50 per month, you save yourself $3,000 over 5 years. Chances you win the lottery is 1 chance in 1 million, and even so, the winnings are limited.

Cut your gambling losses from your taxes: If you won more than $600 gambling, but your losses exceeded those winnings, you may deduct the amount you won.
You must be able to prove your losses, so save receipts from trips to the casino and lottery ticket purchases.

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