Value of a Dollar

This past week my family and I visited Saratoga and went to the Horse Races. While here I noticed how the value of a dollar is different to every person. Me personally I don't think of myself as cheap but at this particular place I don't tend to waste money. I noticed many people in line placing bets of small increments, $1, $2, $5, and so on. Than there was the table behind us... Three men from upper New Jersey who did not place a single bet under $50. One even went so far as to bet $150 on what he thought was a sure thing. They continued to loose some and win some through out the day and as the day progressed the bets got bigger, $200 and up. I kept hearing this phrase from them when they lost "Oh well its only money Ill win next time." That phrase "Its only money" really caught my attention. To me and many of the people I know $150 is a textbook, a bill,an insurance payment and so on. You can do a lot with that amount of money except to these guys a few thousand dollars a piece spent at the track during closing weekend was nothing. Its amazing, we keep hearing how were in such an economic hardship and there are fewer jobs but people are still spending money because "Its just money" to them.