Family Budget Advice from Obama? Don't You Dare Gamble with His Money

Family Budget Advice from Obama? Don't You Dare Gamble with His Money

At the start of the football season, I made wagers called future bets – legally, in Las Vegas – on the Saints, Vikings and Colts to win their divisions, at varying odds. I won the Saints and Colts wagers and snagged a nice profit. Unfortunately, I lost it all betting on the Colts to win the Super Bowl.

In all of this, I was, as President Obama put it, blowing my money. Emphasis on the word: my. My money. I earned it. And I can do with it as I please. As a matter of fact, my wife and I are...