Ask the Piggy Bank: Lotto or Savings?

The subject of today’s Ask the Piggy Bank has to do with playing the lottery. Many people regularly play the lottery, buying tickets about once a week. Those $1 tickets don’t seem like much, but they can sure add up. So, here is the question posed:
What wealth would someone accumulate if from 18 to 65 they saved $1 a week instead of buying lottery ticket?
A fabulous question. I’m going to do things very simply. Mainly because we can’t all be accountants, and I’m not an accountant. But it should give you an idea of what the general …read more