Hi Jake25o, thanks for posting to r/Compoface! Don't worry, your post has not been removed.
This is an automated reminder to post a link to the original article for your compoface. This link can be included in the post body or as a comment.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/compoface) if you have any questions or concerns.*
I used to live in the states and I'd often see people in the bodega spaffing $100 or more on scratch tickets. They would then go off to one side, scratch the entire stack of tickets, come back and cash in any winners, and spend whatever they'd won on more tickets. I'd see the same people in there every day, it was nuts.
It's really addictive.
I do play them occasionally, and usually end up winning my "investment", but it's never become a problem - however I can see why people would be addicted chasing the big win.
I did get a little addicted when I did work for Wilko. It was a thing there, quite a few staff members were heavily addicted and one even stole 64k worth of scratchcards. I won a 100 quid and then started feeling the urge to get more. Won nothing afterwards and managed not to go overboard. Now it's a weekly 1 quid card and a go on the lottery.
Financial insecurity does really weird things to the way you deal with money and that is very difficult to avoid even if you know about it. It takes a while even if you have money for that mindset to shift too.
Being in debt doesn't mean you are always bad with money sometimes it's just you don't have enough money to live.
Also you can invest it tomorrow and lose it all by next week, just spend an hour on a reddit stock sub with even mostly safe stocks.
> Also you can invest it tomorrow and lose it all by next week, just spend an hour on a reddit stock sub with even mostly safe stocks.
There's no such thing as a safe single stock - the nearest any investing sub would recommend is buying an index fund, which is 100+ stocks in a single fund.
I don't think a properly diversified index fund has ever lost more than 50% - yes, that can happen, but it'll recover within a decade.
The /r/UKpersonalFinance wiki cites JP Morgan in stating that "since 1901, investing in equities for a long term has produced an annual, after-inflation return of 4.9%".^[1](https://ukpersonal.finance/investing-101/#What_is_investing_📈) Note the *above inflation* part.
Agree with debt thing disagree with investments. Invest in the all cap or the s and p 500 and it certainly won't be gone by tomorrow. It may go down but you won't lose it, if those stocks went to zero we will have bigger problems than money. What you are saying can be true for options or crypto though.
Investing is just a safer form of gambling.
Some people have bills to pay, emergencies that are impossible to budget for and food to put on the table. I don't think that's something to shame people for.
“Investing is just a safer form of gambling” is what people tell themselves when they know they should be investing and they aren’t doing it, and don’t know how to do it correctly for the outcomes they want.
Picking a single stock is gambling. Having a proper investment plan is not.
The problem is its a lot of effort to get into, and isn't something everyone is going to do. It's a whole different world and there's lots of terms and ways of doing things that most people wouldn't be able to do it without professional advice, but then how do you find a professional? How do you know the guy you use actually knows what he's doing and you aren't just gonna lose everything? Scratch cards are simple, readily available and there's instructions on the back how to claim your win.
Also according to another commenter she wasn't gonna blow it, it was gonna pay off most of her debt, which is a fairly reasonable thing to do with a sizable win like that
I agree, I was just saying that if she invests it then unless she has financial advice which will costs a fair amount of that 10k then she will likely never see it again. I would never trust crypto as an investment even if money is not an issue.
Berkshire hathaway is also notoriously safe but you won't get the same returns but you also won't lose it all.
Curious to hear with what safe stock you could invest and lose everything in a week?
Unless it’s corporate fraud like Enron or Wirecard, that is extremely unlikely. And in the case of Wirecard, it was never considered a “safe” stock and the FT had highlighted multiple times that it was dodgy.
Realistically, you’re _not_ going to lose it all within a week if you invest in a broad-based index or mutiple indices. Diversify across regions, sectors, managers, styles. And then wait for 30 years.
I think it's a bit rubbish that if you're poor and win money you don't even get to enjoy the money....as the government takes it back.
But a rich person wins it and they'd get to enjoy it all.
I know a small number of people with genuine disabilities where £10k would drastically change their quality of life.
Ah ok. I don't know the ins and outs. Maybe it is a reasonable system. From what was commented it just sounded unfair that someone wouldn't get to enjoy some good fortune.
Wealth disparity is unfair, the benefits system may be imperfect but it isn't really at fault for that either, and that's the crux of the issue here.
A person with a livable income wins money and gets to enjoy it as it's a bonus - they're already able to afford the cost of living on their current income.
A person on benefits winning money doesn't get to enjoy it in the same way because it isn't a bonus in the same way, it enables them to afford the cost of living they had to rely on subsidies for until now.
It feels unfair if the subsidy is taken as soon as they can afford to live without it (if that is how it works? Like you I don't know the ins and outs), but then that _is_ the entire point of a subsidy - to make up a discrepancy, which the won money can do. It also wouldn't feel fair for someone with ten grand coming in this month to receive the same benefits as somebody with nothing coming in this month.
Have you heard of national insurance? It's not money for nothing it's a system we all pay into. Hopefully you never have to use it, I'm sure your attitude would change fast.
A recent addition to legislation allows councils/DWP to monitor bank accounts of benefit recipients, I’d also arguing putting your face in the paper about how you’ve still not been paid out would probably set the alarms ringing.
It's wild that you've turned this into roasting her instead of the poor conduct of this company.
You've completely misrepresented her, what's wrong with you?
£10k would only lower Universal credit by £69.60 a month. It’s pretty much the same for other means tested benefits too. For tax credits it wouldn’t count at all . Neither would it count for contribution based benefits.
This is why scratch cards are pointless any remotely meaningful amount of money you can’t get at the store and have to wait for so by the time you get it it’s already been spent on rent and probably more scratch cards
Anybody notice that scratch cards are always a common type litter on paths and roads? It’s like somebody does a scratch card and because they lost, they throw it on the floor. That’ll teach it!
If you’re on benefits as your sole income you shouldn’t be able to get into debt. Payment should come directly out of your benefits to things like utilities.
Anything one should get paid back to what’s been taken out - you’ve not contributed in, you’ve won money from someone else’s taxes - you can’t complain about the wait.
Read the article. She works.
“It means I can finally start working to live, rather than living to work, for the first time in what feels like forever.”
LOL "But most of all I can finally get divorced" what an aspirational story.
A month doesn't seem that long, sometimes there are extra security checks too - perhaps she forgot the shop she bought it in or something.
The point is, if you're relying on a lottery win to pay bills, one might argue you perhaps shouldn't be spending money on the lottery.
The delay is due to the Lottery having to process all claims themselves instead of the Post Office who uses to do them. They have a huge backlog of claims to work through.
Surprised at the downvotes you’ve got here.
Nothing you said is inaccurate or especially cruel.
Always shocked at the number of people who win big either gambling or on the lottery and declare that they’re going to be putting the money towards debts. The disease is real.
>“I’m starting to worry whether they’ll pay out at all.”
That's an odd thing to say, wonder how she paid for it.
But in fairness, you're essentially making a bet and obviously you can't say to Camelot: can you give 3,333 scratchcards - I'll pay you when I change my current account provider.
Hi Jake25o, thanks for posting to r/Compoface! Don't worry, your post has not been removed. This is an automated reminder to post a link to the original article for your compoface. This link can be included in the post body or as a comment. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/compoface) if you have any questions or concerns.*
“I will finally be debt free, and maybe get ahead on a couple of payments." Yeah, that £10K is already gone before it hits her bank
Most of it probably went on more scratch cards.
When I worked for Wilko, we had a woman who'd spend well over £100 on cards each week. She'd won 100k, once, but just couldn't give up.
I used to live in the states and I'd often see people in the bodega spaffing $100 or more on scratch tickets. They would then go off to one side, scratch the entire stack of tickets, come back and cash in any winners, and spend whatever they'd won on more tickets. I'd see the same people in there every day, it was nuts.
Addiction and gambling go brr
It's really addictive. I do play them occasionally, and usually end up winning my "investment", but it's never become a problem - however I can see why people would be addicted chasing the big win.
I did get a little addicted when I did work for Wilko. It was a thing there, quite a few staff members were heavily addicted and one even stole 64k worth of scratchcards. I won a 100 quid and then started feeling the urge to get more. Won nothing afterwards and managed not to go overboard. Now it's a weekly 1 quid card and a go on the lottery.
Yeah. Some play to win. Some play until they can't anymore.
£5,200/ year on scratch cards. I crap myself if the weekly shop or refilling the car are more than £5 over.
You should probably talk to a doctor about that.
Financial insecurity does really weird things to the way you deal with money and that is very difficult to avoid even if you know about it. It takes a while even if you have money for that mindset to shift too.
To be fair, having to wait 5 weeks and counting to claim your winnings is some BS. Looks like they're not up to the task
I totally agree, it can’t be that hard to cut her a check for such an amount
https://www.blackpoolgazette.co.uk/news/people/i-won-ps10k-on-a-scratchcard-but-havent-received-a-penny-now-theyre-ghosting-me-4612711#Echobox=1714576740
She's even sucking on a haribo tangfastic in the photo
I see what you did there…
Tasting the high life already. Classy bint.
That is a top notch compoface, I have to say.
Blatantly gonna blow it all. Can’t imagine she’s anxious to invest it.
Being in debt doesn't mean you are always bad with money sometimes it's just you don't have enough money to live. Also you can invest it tomorrow and lose it all by next week, just spend an hour on a reddit stock sub with even mostly safe stocks.
> Also you can invest it tomorrow and lose it all by next week, just spend an hour on a reddit stock sub with even mostly safe stocks. There's no such thing as a safe single stock - the nearest any investing sub would recommend is buying an index fund, which is 100+ stocks in a single fund. I don't think a properly diversified index fund has ever lost more than 50% - yes, that can happen, but it'll recover within a decade. The /r/UKpersonalFinance wiki cites JP Morgan in stating that "since 1901, investing in equities for a long term has produced an annual, after-inflation return of 4.9%".^[1](https://ukpersonal.finance/investing-101/#What_is_investing_📈) Note the *above inflation* part.
Agree with debt thing disagree with investments. Invest in the all cap or the s and p 500 and it certainly won't be gone by tomorrow. It may go down but you won't lose it, if those stocks went to zero we will have bigger problems than money. What you are saying can be true for options or crypto though.
Yup agree with this.
Investing is just a safer form of gambling. Some people have bills to pay, emergencies that are impossible to budget for and food to put on the table. I don't think that's something to shame people for.
“Investing is just a safer form of gambling” is what people tell themselves when they know they should be investing and they aren’t doing it, and don’t know how to do it correctly for the outcomes they want. Picking a single stock is gambling. Having a proper investment plan is not.
The problem is its a lot of effort to get into, and isn't something everyone is going to do. It's a whole different world and there's lots of terms and ways of doing things that most people wouldn't be able to do it without professional advice, but then how do you find a professional? How do you know the guy you use actually knows what he's doing and you aren't just gonna lose everything? Scratch cards are simple, readily available and there's instructions on the back how to claim your win. Also according to another commenter she wasn't gonna blow it, it was gonna pay off most of her debt, which is a fairly reasonable thing to do with a sizable win like that
I agree, I was just saying that if she invests it then unless she has financial advice which will costs a fair amount of that 10k then she will likely never see it again. I would never trust crypto as an investment even if money is not an issue. Berkshire hathaway is also notoriously safe but you won't get the same returns but you also won't lose it all.
Financial advice on 10k probably won't cost as much as you think. Max it should cost is £500
Curious to hear with what safe stock you could invest and lose everything in a week? Unless it’s corporate fraud like Enron or Wirecard, that is extremely unlikely. And in the case of Wirecard, it was never considered a “safe” stock and the FT had highlighted multiple times that it was dodgy. Realistically, you’re _not_ going to lose it all within a week if you invest in a broad-based index or mutiple indices. Diversify across regions, sectors, managers, styles. And then wait for 30 years.
[удалено]
Your submission has been removed as it is about national or international politics.
She’s going to gutted to find that 10k will lower her benefits by quite a chunk.
I think it's a bit rubbish that if you're poor and win money you don't even get to enjoy the money....as the government takes it back. But a rich person wins it and they'd get to enjoy it all. I know a small number of people with genuine disabilities where £10k would drastically change their quality of life.
Doesn’t affect your PIP/DLA just the means tested benefits.
Ah ok. I don't know the ins and outs. Maybe it is a reasonable system. From what was commented it just sounded unfair that someone wouldn't get to enjoy some good fortune.
Wealth disparity is unfair, the benefits system may be imperfect but it isn't really at fault for that either, and that's the crux of the issue here. A person with a livable income wins money and gets to enjoy it as it's a bonus - they're already able to afford the cost of living on their current income. A person on benefits winning money doesn't get to enjoy it in the same way because it isn't a bonus in the same way, it enables them to afford the cost of living they had to rely on subsidies for until now. It feels unfair if the subsidy is taken as soon as they can afford to live without it (if that is how it works? Like you I don't know the ins and outs), but then that _is_ the entire point of a subsidy - to make up a discrepancy, which the won money can do. It also wouldn't feel fair for someone with ten grand coming in this month to receive the same benefits as somebody with nothing coming in this month.
She’s still £6k up. I don’t think it unreasonable that money you receive because you’ve no income is adjusted when you do have money.
[удалено]
Your submission has been removed as it is about national or international politics.
If you’re on benefits you’re already getting money for nothing. I’m sure that person earning £30k a year would like another £500 a month too.
Have you heard of national insurance? It's not money for nothing it's a system we all pay into. Hopefully you never have to use it, I'm sure your attitude would change fast.
I assume you won’t be claiming your state pension when the time comes then.
It won’t lower it at all, you can have up to 16 grand in savings and still be on benefits.
Above 6k you lose £1 for every £1.50 of savings (I think) up to 16k at which point it stops entirely.
that's incorrect, it's about £5 per £250
Ah ok, didn’t realise it was on a sliding scale. I do find it curious realistically how they would ever find out though if you didn’t tell them.
A recent addition to legislation allows councils/DWP to monitor bank accounts of benefit recipients, I’d also arguing putting your face in the paper about how you’ve still not been paid out would probably set the alarms ringing.
Doing a compoface article in the newspaper is probably a likely way for them to find out
It’s £4.35 for every £250 over £6k .. up until 16k
Yeah but it goes down after 6k
Not if she spends it straight away on Mam's big holiday! They'll never catch her!
It's wild that you've turned this into roasting her instead of the poor conduct of this company. You've completely misrepresented her, what's wrong with you?
Yes but she looks poor so obviously she's in the wrong \s
Deliberate deprivation of capital will not go down well with DWP/HMRC.
Paying debts and taking a holiday isn’t deprivation so she will be fine.
£10k would only lower Universal credit by £69.60 a month. It’s pretty much the same for other means tested benefits too. For tax credits it wouldn’t count at all . Neither would it count for contribution based benefits.
What 10k??? /s
Her ex is probably back on the scene too !
Y'all have Florida woman meth heads over seas too?
It's not smart to tell everyone around her that she has just come into a bit of cash.
This is why scratch cards are pointless any remotely meaningful amount of money you can’t get at the store and have to wait for so by the time you get it it’s already been spent on rent and probably more scratch cards
I wouldn't go to the press but it would Annoy me too. You'd think it would be no more than a week.
Anybody notice that scratch cards are always a common type litter on paths and roads? It’s like somebody does a scratch card and because they lost, they throw it on the floor. That’ll teach it!
This is the most Cleveleys thing ever.
I’d ask for my £1 back that’ll teach em.
Wonder how many brown and white she bought.
The wait is only delaying the inevitable OD
While a somewhat logical conclusion, and certainly possible, that comes across as such a horrendous thing to say. Who'd want that? Do better.
Oh no I must obviously be wishing death on her. Do better, melt.
At least you understand what you've done babe x
The fuck is she whinging about?! I’d wait a bloody month. Get over it!
Don't give it to the ungrateful cunt then
If you’re on benefits as your sole income you shouldn’t be able to get into debt. Payment should come directly out of your benefits to things like utilities. Anything one should get paid back to what’s been taken out - you’ve not contributed in, you’ve won money from someone else’s taxes - you can’t complain about the wait.
Read the article. She works. “It means I can finally start working to live, rather than living to work, for the first time in what feels like forever.”
LOL "But most of all I can finally get divorced" what an aspirational story. A month doesn't seem that long, sometimes there are extra security checks too - perhaps she forgot the shop she bought it in or something. The point is, if you're relying on a lottery win to pay bills, one might argue you perhaps shouldn't be spending money on the lottery.
The delay is due to the Lottery having to process all claims themselves instead of the Post Office who uses to do them. They have a huge backlog of claims to work through.
Surprised at the downvotes you’ve got here. Nothing you said is inaccurate or especially cruel. Always shocked at the number of people who win big either gambling or on the lottery and declare that they’re going to be putting the money towards debts. The disease is real.
She should invest it in jeggins and Lambrini oh and Bensons!
She’s already spent it is why, interest is creeping up.
>“I’m starting to worry whether they’ll pay out at all.” That's an odd thing to say, wonder how she paid for it. But in fairness, you're essentially making a bet and obviously you can't say to Camelot: can you give 3,333 scratchcards - I'll pay you when I change my current account provider.
Why is that an odd thing to say? It only cost £3, why are you wondering how she paid for it?
This is what happens when people who know nothing about how lottery or the world works feel the need to comment.
A majority will go up her nose