All posts by Steve @ Canadian Personal Finance

5 Simple Ways That Personal Loans Help You

Personal loans come in handy for all sorts of purposes. They can make things simpler and even help position you so that it’s easier to get another loan in the future. Would looking into the options for MagicalCredit personal loans help you with some kind of financial situation today? If any of the following applies, the answer is yes. 

Reorganizing Your Debt

You’re not having any problems paying your debts on time, but it would be nice to simplify the budget a bit. Fewer debts to manage is one way of making things simpler. You could look into options for Ontario loans that would allow you to borrow enough money to pay off all of those credit card and other debts. That would leave you with one obligation to manage rather than several. 

One of the perks of this approach is that loan’s interest rate could be better than the rates applied to all or most of your debts. Along with making it easier to manage your debt, a lower interest rate will mean you can retire the obligation sooner rather than later. Think of the amount of money you will end up saving along the way. 

Remember that if you want to enjoy the maximum benefits from this strategy, avoid incurring any new debt. The only exception is some type of emergency like a car repair. Even then, pay off that new debt in one to two months. When your loan is settled, you get to enjoy some time being truly debt-free. 

Avoiding Interest on a Bill

You have a bill that needs to be paid in full as quickly as possible. If it rolls over for another month or two, the interest will be significant. You may find that personal loans offered by Magical Credit help you avoid the higher interest charged by some creditors. While you do still pay interest on the loan, the fact that the rate is lower saves you money. That’s always a good thing. 

Taking Care of a Pressing Need

There are times when you need to take care of something before it turns into an obligation that’s more complex and expensive. For example, you need new tires for the car now if you want to avoid the possibility of a blowout at the worst possible time. Keep in mind one of those older tires could blow out when you’re driving at a faster speed. The risks to you and to the vehicle itself are significant without those new tires. 

In this situation and similar ones, taking action now helps avoid worse issues later on. Obtain the loan and buy the tires now. While you may never know how much you save in terms of repairs and possibly medical costs, knowing you can drive the car safely makes the loan worth it. 

Emergency Funds At Your Disposal

Something unexpected happened and you need money right this minute. Perhaps it was a dental issue that had to be corrected without delay. Maybe you needed travel funds to get to a sick relative or friend. The nice thing about personal loans is that they can often be obtained in a short amount of time. That makes it easier for you to handle the emergency expenses without having to wait. 

Take Advantage of a Good Deal

It’s not so much that you need something right now or that you want to take care of a pressing debt or pay off several debts at one time. You’ve come across some type of deal that is not likely to repeat itself later on. It could be a one-time chance to purchase a second vehicle at a great price. Maybe it’s the opportunity to pick up something that one of the kids will need for a college dorm room next year, and the price is too good to pass up. Unfortunately, you don’t have the spare funds to grab that great deal. 

A personal loan can supply the cash needed to claim that deal and save a lot of money over time. Buy the car and use it whenever you like, even as you look around and notice that the great price for that make and model is not found anywhere else. You can also smile with satisfaction when the item you purchased for your child ends up costing a lot more when he or she does finally head for college. 

How could a loan through Magical Credit help you? Take a look at your present circumstances. Is there something you need or would like to accomplish? A personal loan could provide the funds necessary to make life a little easier.

How Car Title Loans Are The Best Way To Build An Emergency Fund?

Sometimes life is full of lousy condition and we want to come out from all this, but we don’t have money in our bank accounts to solve our problems which we are facing day by day. However, there are situations in life when things are simply out of your control, and you want to manage, but you are helpless to solve those problems. Like your bills are pending, any accident has taken place, you need money for school fees or marriage expenses there are many other problems. In such cases, you will require some quick cash to improve your credit score. At that time you can think of borrowing money through Car Title Loans to solve all your problems.


Car Title Loans to Use Your Car as Collateral for the Loan 

You can use your car as collateral for loan. If your credit is low, you can still borrow money from the lender. Collateral is a proof of guarantee for the loan. If you are not able to pay back the loan then the lender has full right to take possession of your car which is being used as collateral. The loan lender holds your car document until you pay back the loan amount. The only thing is that your car should be lien free. 

Your Car Must Have Insurance. 

Before you apply for the car title loans, you should check your car policy. It is very important to give the right details to the lender of your car. It will be easy for your loan lender to approve your loan.

Your Credit Score Doesn’t Matter.

When you apply for these loans, your credit score doesn’t matter for the lender in order to approve for your loan. Just because of all these facilities title loans are so popular these days. 

No Credit Check  

Title loans are totally based on what you provide to them. For applying you need not have any job or good credit in your account. To approve for these loans, you just need to be at the age of maturity. The condition of your car should be good as you will use your car as collateral, you can apply for the loan.

How Much Amount You Can Borrow?

The amount which you can borrow depends on your car’s condition and market value. Because your car is key to your loan. Your loan amount is not fixed. Some loan lender gives a big amount, and on the other side, some give a little bit less amount. Just because you are approved for a certain amount, it doesn’t mean that you borrow an amount that you are unable to pay. Make sure and borrow the amount which you need and that you can pay it on time. Your right amount can make a big difference in your life instead of getting a loan that causes more problems.

It Is Easy To Apply For a Car Title Loan

You can apply for these loans very easily. You just need to have all this along with you before applying. Requirements for the loan are listed below:

  • Your car should be lien free with a clear title.
  • The complete registration and insurance papers for your car.
  • You should have a valid Canadian Driving license.
  • There should be proof of your residence.
  • You should have a second set of keys to your car.
  • Your age must be 18 years to apply for the loan. 

Easy and Speedy Process of Applying For a Loan

The loan process is very easy and speedy. Your loan will be approved within a day. The loan lender can understand that you need cash urgently and you don’t have to go through a lengthy paperwork process. As soon as possible they will be able to offer you a loan that works for you and you can get access to the money easily. 

You Can Get Cash In Few Hours.

After applying for a loan, you can get your cash in hand. The approval of the loan takes a few minutes. The best part is when you apply for the loan you can still continued to keep driving your car. So don’t worry about losing your car during the loan time.

As you know now that the process is very easy, you can avail all these advantages today with Car Title Loans! There are two ways of applying for the loan- either you can go to the office and apply for the loan or you can apply online and enjoy the benefits. 

Here are some best companies to get a Car Title Loan:

Get Loan Approved.com

Snap Car Cash.com

Instant Loans Canana.com

How Can I Get A Loan Against My Old Vehicle?

People these days often face unexpected financial freight, such as car repairs, expensive medical bills or housing expenses. These situations can leave you with the need for instant cash, but getting a loan from the bank is not always easy. You often require good credit or a certain amount of income when you think of taking help from a bank.

Car title loans are meant for the types of situations mentioned above. You can get the fast cash you need by using your old car as collateral. Your vehicle’s equity is used to determine if you qualify, as well as the amount you can borrow. These types of loans have a less strict process, are less stressful and are much quicker. Such loans can be acquired online and be approved in as few hours as possible.

1. Qualifying for a car title loan against your vehicle may be easier than you think.

The requirements for loan against your vehicle are often minimal in comparison to traditional loans. Less paperwork and personal information are needed. The most crucial factor in qualifying for a car title loan is that you must own the car that can be used as collateral. Because this type of loan is based on the equity of your vehicle, you can hold your vehicle outright. Other essential requirements to apply for such loans include you must reside within the state and be at least 18 years old.

2. Poor credit? No Problem!

Unlike other types of traditional loans, your bad credit doesn’t affect your car title loan application. These loans usually don’t require a credit check. They are designed especially for people that have damaged credit from a history of late payments on their record.

3. Your low income cannot stop you from qualifying

Your low income cannot exempt you from qualifying for a loan.

4. Your car is used as collateral for the loan.

If you decide to get a car title loan, you must put your car as collateral. This means that the lender has the right to place a lien on your car title.  In the meanwhile, you have to surrender the hard copy of your vehicle title, in exchange for the amount. This is the only way a lender has a full assurance that the loan they lend you will give them some return. Without the title of the car, it can be tough to find a short-term loan.

5. You receive a significant amount of cash for your needs.

The main factor which determines the loan amount is the value of your car. The company determines the cost quickly by evaluating the condition of your vehicle depending on its age, make and model.

6. You can keep driving your car.

When getting a car title loan, you are not selling your car or giving your vehicle away to the lender. You can still continue driving your car throughout the length of the loan, as long as you make payments on time. You don’t have to worry about getting around to work when you take out a car title loan.

7. If you are not able to pay your loan back on time, don’t panic!

If you are unable to pay off the loan, then you can lose the car title to the lender. If you think you can’t settle on time, try to negotiate with your lender. So it is better to have a good idea and plan on how to pay back the money you borrow before applying for a car title loan. 

8. You can get your car title back. 

After paying off the balance of your title loan, the lender will remove the lien that was placed on your vehicle, and you can have your title back.

How to Get a Car Title Loan?

1. You can call or apply online: You can apply online or call for loan approval. The online application process will take about 15 minutes to complete. Once you submit the application, you will receive a follow-up call to confirm if you have been approved.

2. Easy Documentation Process: You have to submit a few documents after you complete the online application form. These documents can include- 

i) A copy of your driver’s license, 

ii) Registration and insurance of your vehicle, 

iii) Second set of keys to your car

iv) a valid government-issued ID)  

v) a clear title to your car.

3. Get Your Money Today: The process of getting cash for your old vehicle couldn’t be more straightforward. Once the documents are verified, and the car is inspected, you can expect a final approval within a short amount of time.

So, if you are in need of urgent cash but don’t meet the eligibility criteria for a used car, then you can opt for a loan against your old vehicle which acts as collateral.

Building a New Home in Canada? Here Are the Steps to Follow

It is every person’s dream to own a home. There are various ways through which people acquire homes. It could be through inheritance, buying an existing house, or building a new home. Whichever the mode of acquisition, there are processes involved. Most people will opt to build a house as they get to decide on the design before development takes place. On top of signing up for HST new housing rebate, here is what you need to do for a successful home building project.

1. Have a budget

Every project that requires finances needs to have a budget. If you are looking to build a home, you need a budget that does not only include how much building the house is going to cost you, but also the operational costs once the project is complete. Once you have a conclusive estimate of how much you need, you can start looking for the best available options of sources of finance. Having a budget will ensure that you have enough funds to complete the budgets, and they are appropriately managed.

2. Pick the right house plan

Remember that one of the primary reasons why people choose to build instead of buying an existing house is to have the chance to decide on the plan of the house. With that, this is a step that you cannot afford to gamble with. You can work with your contractor, or the architect and come up with a house plan that will accommodate your preferred features.

This may include the number of bedrooms, garage size, and the size of the bathroom to mention a few.

3. Decide on the type of foundation you want for your home

The foundation is one of the most critical elements of a home. Note that it is the one that will hold the entire structure. A foundation that is not done correctly will affect the safety of your home. There are different types of foundation. There is the slab, crawlspace, or basement. It is advisable that you let the professional help with this as they will be able to identify the one that will work best for your structure.

 4. Ensure that your home has the appropriate insulating system

Insulation will determine how comfortable your home will be in extreme weather conditions. There is no better time to work on the insulation than now. 

5. Interior design

After most of the mechanical work has been done, the bulk of the project is complete. One essential step is remaining: interior design. This is what will define your home. We are talking about the door handles, cabinets, appliances, and lighting fixtures. Your input here will be valuable and very instrumental in ensuring that you are satisfied with the final product.

Building a home is tedious and stressful. However, if everything is done right, it is worth it. It is crucial that you avail yourself for every step of the project to ensure that everything is in order before moving to the next step.

What not to do if you win the lottery

Many Canadians spend nights dreaming of winning the lottery only to come up short. However, there are some lucky few that are able to win a fortune or a small fortune that will turn their life around.

I also look at the lottery as a benefit for some organizations to raise money so if you look at it like a donation it is not that bad a way to spend a few extra dollars (if you have that disposable income).

Lottery winnings

A $1-2 ticket once or twice a year isn’t going to matter to your budget for the long-term.

I think that it would take strong discipline and planning to not blow all of the lottery winnings but I believe everyone has a different threshold for holding out.

I wanted to share some tips (not that I have ever won the lottery) of what not to do if you win the lottery:

  1. Do not talk to a lawyer.

According to a survey from convenience store chain Cumberland Farm, when asked who they would call first if they won the lottery, 46% said their significant others. But 10% said their first call would be to their lawyer. And that might actually be the better way to go, financial and legal experts say.

This makes sense as lottery winners are often the target of scams.

2. Tell all your friends and family.

If your province allows it try to keep this mum as long as possible as this will add undue stress to this incredible outcome.

Everyone knows that a major secret like this would travel fast these days with everyone being online and your privacy may get compromised.

There are many instances of strangers or acquantences looking for money from newly minted lottery winners.

3. Take the lump-sum payment

Many winners decide to take the lump-sum payment first without a strategy of doing the math to see which option has the best return.

According to this article on Bloomberg, you should get advice from top professionals (like a tax professional and investment professional) before making this major decision.

Ideally all the members of your team should have experience with high net-worth individuals and can provide referrals of other clients.

This teams will help you navigate your investment options and help you minimize your tax exposure.

Ultimately, a plan of action is needed before any of the winnings are spent.

4. Splurge and make some big purchases.

This is an easy trap to get into. Having access to all of this cash would be tempting (especially if you had any major wants in your life). Recently, I discovered so many exclusive items at a trade show that I never even thought most consumers would want but I was shocked to see the demand for these elusive items.

Cars and fancy trips sound wonderful but there are many major stories of lottery winners being penniless after winning the lottery.

Winning the Lottery

A great topic of conversation amongst the many that never gets dull is what to do when you win the lottery. We’ve all have talked about it in some way, many go on and continue to fantasize but few miss the important points of what to do if you win the lottery.

Lottery

There are 5 key things to consider if you do master your numbers and win the lottery before starting to fantasize about how you’ll spend your pot of gold.

  1. Seek out professional investment help.
    First thing’s first, illuminating debt and education yourself on what people with money to make it grow instead of dwindle away. The key to sustaining wealth is knowing how to make money grow. There seems to be one common trait amongst many lottery winners and that’s they will return to their original financial status within 10 years. Going from Rags to riches takes more knowledge than one might of thought. Once you’re on top of your financial game and possibly even financially independent for the major, how are you going is to remain in the state.
  2. Keep this big secret the yourself.
    Now let’s get real, we all want to fly around town in our desired way of transportation, whether the latest Tesla model or even your perhaps you’re more of a road bike enthusiast, guaranteed you’ll be upgrading your wheels. There will always be people watching your financial moves regardless of your lifestyle and personal passions. Keeping your winnings to yourself should be on top of the list of what you’d do if you won the lottery. Sticking to your humble lifestyle should be the aim of your goal with freedom and lifestyle improvement. If all of a sudden your brother suspects you’ve become the lucky siblings there is no doubt he’ll be knocking on your door for a loan or regardless how long it’s been since you’ve last spoke. Keep your finance to yourself.
  3. Don’t quit your day job until you’ve lined up all your ducks in a row.
    Of course if you’re making minimum wage, you might and should be looking for an opportunity or a career change. Whether you’ve always dreamed of going back to school to study some profession or trade, thought about taking some courses to better your current degree or perhaps you need a profession but life’s never allowed you to stand still while you study. Now is the time to invest in your own personal education while still maintaining the life you dreamt about. Personal development is always helpful no matter how young or old you get. On the other hand if your career is flying and you are happy with where life is going it might not be in your best interest to pull the plug because you the CEO didn’t acknowledge you and say hi as you jumped into the elevator at 8am the following day. There is also the option of writing your business plan for the next career move if you have the confidence and experience to jump ship and opt out if your corporate job.
  4. Pay it forward.
    There is a soft spot to in all our hearts that make us emotional or tear up with the thought. Donating and supporting towards your charity is the perfect way to show gratitude for hitting the jackpot. The Children Foundation is always an attractive charity to improve the lives of children and their families faced with more difficult challenges.
  5. Celebrate!
    Every winner needs to celebrate. Grab the love of your life and book yourself a flight to the top location on your bucket list. Spend 10 days soaking up the sunshine and treat yourself to a luxury vacation trip.

Essential Secret Ways for Saving Money at Home Depot

There are various ways that you can improve your home. You might be planning to paint your home, remodel your bathroom, upgrade your appliances, or install new windows and doors – therefore you need to consider different ways of saving money during your renovations.

Home Renovation – kitchen

In this article, we will provide a few secrets to use to save money on your home renovation projects:

Get Money Back
When you are making big home purchases, you should visit places online and check whether they are offering rebates to help you to save a lot of money on upgrades and renovations. One rebate in particular to look into is the home efficiency rebate because it can help you save a lot of money on your home renovation projects and upgrades. This rebate is especially beneficial if you are upgrading your insulation, air sealing your home, replacing your water heater, furnace or boiler, or upgrading your windows or doors

Knowing Where to Find Markdowns
It is possible to find home improvement deals from various stores as long as you know where and how to spot them. At Home Depot, you will find clearance prices and item markdowns in stores. It’s smart to look actively while walking down the aisles for sales flyers and price reductions. Also, prior to shopping review flyers and online deals to be aware of upcoming sales and deals.

Don’t forget to check your price tags, to see if there is a final price markdown!

Negotiating for Better Deals & Price Matching
Have you found the same product at another online retailer for cheaper? Home Depot guarantees to beat competitor prices by 10%. You can try and talk with a sales associate to negotiate your price match, however the associate may not have the power to lower the price. You may have to ask to talk with the store manager who should be willing to negotiate a lower price with you.

Stack Your Savings
In case you need to save some of your cash for your next Home Depot run, you can purchase yourself a gift card to go towards your purchases when you are ready to spend. This will allow you to save your money on the gift card instead of spending your cash. If you visit some of the discount gift cards websites, you will generally buy the Home Depot gift card at a good discounted price.

Saving Money on Tools
There are various pieces of equipment and tools available to rent at the Home Depot. this service helps you to reduce accumulating onetime use tools, leaving you with more storage space and lower hardware bills. Tool and hardware rentals are available for services including: landscaping projects or home remodeling. Figure out if you need the hardware, tool or equipment for a one time use project or if you will need the tool or hardware for ongoing projects.

In order to make your final decision to rent or buy a tool, check the online store inventory sales against their rental rates. You can rent hardware for an hour, a day, week, month or more time.

Top Benefits from Home Energy Audit

When you have a home energy audit, it covers all the essential factors that are affecting the energy efficiency of your home. After completing an energy audit you will receive a checklist from the energy auditor, where you will be able to pinpoint improvements vital in conserving energy and also reducing the utility bills.

Green energy upgrade

For energy upgrade recommendations, they will vary from fixing small leaks and drafts to the infrastructure or upgrades like installation of high-efficiency windows, heating water with solar energy or home insulation upgrades.

It may not be essential to perform all energy upgrades depending on the amount of work you have already invested in the home. Hiring a professional energy auditor and contractor will help you ensure proper installation and prevent unnecessary energy expenses and waste. Having a home energy audit will help with these things:

  • Making your home comfortable

If you follow the recommendations of the home energy audit, then the temperatures of your home will be stable. In such a situation, there will be an increase in the indoor air quality and the energy upgrades will keep the drafts out. 

  • Finding hidden issues

With the home energy audit, you will be able to solve numerous energy efficiency issues that you didn’t know existed. In some cases, there could be minor problems like a poorly sealed window or a leaky pipe. It could be among some essential upgrades that will bring change to the strength of the property.

So, performing a professional home energy audit will be the first step of finding subtle or hidden problems that can add up to your home being less eco-friendly and less energy efficient.

  • Increasing home resale value

Energy efficient homes are more attractive especially to the new potential buyers. It will show that you have tried improving the home by making it more economical to cool and heat. And, primarily you are forward thinking in upgrading your home and ensuring it is running the most efficiently. 

  • Help in prioritizing repairs

The benefit of an audit is not only to determine what is wrong, but it is an essential tool that will help in prioritizing energy upgrades. You will, therefore, identify areas in your home where you will wisely spend your renovation money.

  • Reducing carbon footprint

Greenhouse gas emissions start in the home. If you perform an energy audit on your home, you will be able to know where you should make improvements and also help in reducing overall carbon footprint and reliance on the fossil fuels.

Reduce carbon footprint.

Conclusion You should make home energy audits part of your regular home maintenance practices. Preventive maintenance is an investment that can help you save more money in the long run. Home energy audits can vary across suppliers, so it is important to do your research and seek out professional and certified energy auditors and contractors.

Condo Lawyers about Condominiums & Cannabis Legalization

Are you a board member who wants to develop a policy that’s in full compliance with the new cannabis law? Advice from a condominium lawyer will help you understand how things stand today.

Condominiums and Cannabis Legalization

The legalization of cannabis in Canada is proving to be problematic for many condominium owners and property managers. The boards responsible for the condos as well as condominium lawyers Toronto are not always sure how to proceed if there is some sort of ban on use by condominium owners. While some have restructured old policies to comply with current laws, others still attempt to ban the use of cannabis for any reason. Whatever side of the fence you happen to be on, it pays to understand the current situation and why you might need a condo lawyer.

Across the Board Bans

As legalization came closer to reality, many boards rushed to pass bans that would prevent smoking of any type inside their buildings. This included the use of tobacco products within individual units as well as in the common areas.

One of the challenges that condo lawyers see with this type of all-inclusive ban is that it infringes on the rights of the condo owners to determine how their personal spaces are used. For example, owners who lease out their units from time to time could set their own rules about smoking in the past. Now they no longer have that right. It’s a weak point that Toronto condominium lawyers can sometimes utilize to challenge new board regulations and successfully have them overturned.

Time will tell if this approach will actually work for condominium lawyers and their clients.

Bans with Medical Exemptions

Other boards have chosen approaches that include provisions for medical but not recreational use. Under those regulations, condominium corporations would recognize the right of owners as well as guests to smoke cannabis if they have certain medical conditions. It would be necessary to provide proof that those conditions were present. Even then, use would be limited to the individual unit and not allowed in common areas.

While less problematic in terms of being in opposition to the new condominium law, there is still the question of how this squares with the recreational use of cannabis in Canada today. Is providing medical exemptions only still in violation of the right of an individual to smoke within his or her own unit? That’s an area of condo law that is likely to receive a lot of attention in the next few years. Even as condominium corporations prepare to defend this type of ban, others are preparing to defend their right to do what they want within their own living spaces.

Adopting New Policies That Recognize Recreational Use

There are property management firms as well as condominium management teams who have chosen to adopt new policies that allow for the medical and recreational use of cannabis within individual units, but not in common areas. Of all the new regulations enacted at different condo complexes, this is the one that’s most likely to receive little attention. This is particularly true if the condo rules in the past did not allow the use of tobacco in the common areas. This may be the most compliant of all new regulations and one approach that a condominium lawyer is likely to recommend to his or client.

<h2>Reasonable Limits and Condominium Policies</h2>

One important factor to understand is that the Condominium Act does not infringe on what is known as reasonable limits.

There are already laws in place that preclude condo boards from making rules that prevent owners from engaging in certain activities within their own spaces. The laws recognize what’s known as reasonable limits.

Essentially, that means if the activity is not causing any inconvenience or discomfort for others living in the building, the condo owner or temporary tenant is free to engage in that activity. For any law firm that includes condo law in its practice areas, the issue of what constitutes reasonable limits is likely to figure in any challenge to a condo board’s regulations.

Are you a board member who wants to develop a policy that’s in full compliance with the new cannabis law? Perhaps you are a tenant or owner who wants to understand what legal protections you have under Ontario law.

Advice from a condominium community lawyer will help you understand how things stand today, and what legal challenges are making their way through the court system.

That will help you make a more informed decision about how to proceed.

Enjoying video games and online casinos

Online casinos and video games are some of the most popular topics being debated on the internet. Their competitive aspect along with their capability to entertain have made video games and online casinos two of the greatest attractions for people on the internet. Both gamers and gamblers engage into their passions with the sole purpose of becoming the best. As a result, each of them will seek and experiment different strategies that can bring them to the top of their leagues and their experience will, without doubt, give the skill they need.

Las Vegas

With modern technology helping these 2 industries evolve continuously, players use new tools to improve their experience and skills. At the same time, technology and internet have brought great changes to the gambling and gaming industries, making them more attractive to the target audience. But players must know that there are certain differences between video games and online casinos, with each of them coming along with its own set of benefits.

Reward for online casinos and video games

First of all, the rewarding system is different. Financially speaking, there are 2 ways to make money from online gambling and video games. Online gambling requires a certain amount of luck and, at the end of the day, the only type of reward is the financial profit. For example, SlotsCalendar new casino sites are great for those willing to try out their luck and experience the thrill of online casinos.

Friends enjoying video game together

On the other hand, video games are more about competition. It’s all about being better than your opponents. That’s why video games have a great range of diversity. Video games include strategy games, shooters, sports and many others. Money can be made from video gaming as well, but it takes time, experience and skill. While gamblers play for the money, games play for the thrill and excitement of it and only after reaching some of the best positions and reputation on a national or even global level, gamers start to earn considerable amounts of money.

Age limit

Another big difference between online gambling and video games is the age limit. For obvious reasons, minors are not allowed to gamble. No online casino is allowed to let under-aged gamblers play. The age limit can be either 18 or 21, depending on the state in which an online casino is based.

Gaming does not have an age limit. However, it does have recommendations. For instance, youngsters shouldn’t be allowed to play video games that involve violence. That’s why every video game has a certain age category. Video games can be addictive, especially for children as they provide a high amount of entertainment which can distract them from healthier activities specific for their ages. It is the parents’ responsibility to limit a child’s access to video games.

Moderation

The conclusion is that both of them represent a great source of entertainment, but they must be enjoyed responsibly. While online casinos can represent a source of income, they must not become a source of debt. At the same time, video games, even if they represent a great way to relax, they must not take the players away from reality. For both of them, moderation is the key.