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Debt Destroy

What you want vs. what you need



 MixNotes Etc. - Posted: 4/7/2009
When you want something and it is not a priority in your life, the wise thing to do is to save the money to buy it and not charge it or pay for it with money that you know you need for something that is more important.

There is a difference between what you want and what you need:

  • What you want are things that you see, or hear about, that makes you feel the urge to possess them, whether you need them or not.
  • What you need are basic items that help sustain you for the good of your health and your everyday living experience.
There is nothing wrong with wanting things that you don't need, but there may be a problem when you buy things that you don't need and you can't afford, simply because you want them.

There is nothing wrong with getting something that you want at a later date by saving for it but your priority should be spending the money that you have on the things that you need to sustain your living experience.

Saving your money is possible, especially if you develop and incorporate a good plan for saving and a budget strategy that you can live with. Learning self-control and self-discipline can go a long way in helping you save for the things you want.

Remember, if you start a savings account and put money into it on a regular basis, with the savings and the interest that the bank adds to it every month, your savings will soon grow and you will have more buying power in the future.

Comments

chez - I have a lot of wants...some I indulge in and buy, though most of the time practicality sits and made me have second and third thoughts preventing giving in.  Personally we can save a lot if we only buy things we need, though sometimes maybe we felt deprived.
- I definitely agree with you here sis. Sometimes I find myself caught between buying something that I want and something that I need, what I do is contemplate on it for a while, then make my final decision. It's also helpful that I have my boyfriend with me to help me decide.