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Wants V Needs

Distinguish between Wants and Needs: You will save a ton of money if you don't mistake wants for needs.

Needs are pretty simple to identify ~ those items that are necessary to sustain: Shelter, food, health care, clothing, transportation.

Wants are those things that enhance or possibly improve our family life. A car is a need. Unless necessary for your business, a $60,000 SUV is a want, even if a lot of people don't see it that way.

Have you ever heard (or said) "I absolutely need...?" when the actual meaning was "I really want.......?"

This is not to suggest that you shouldn't be able to have the things you want ~ only that to delude yourself into believing that a want is a need ~ and busting your budget in the process--is a recipe for financial disaster.

Next time you're tempted to shop, stop. Think. Decide. Is it a need or a want, before you spend.

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  • Home
  • Join the Club!
  • About Us
    • Cath's Story
    • Ask Cath
    • Glossary of Cheapskating Terms
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Inspiration
    • Getting Started
    • Articles
    • Housekeeping Routines
    • Budget Renovations
    • Saving Stories
    • Learning Centre
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Add a Recipe
    • $300 a Month Food Challenge >
      • $300 a Month Food Challenge
      • The $300 a Month Food Challenge Forum
  • Newsletters
    • Newsletters 2023
    • Newsletters 2022
    • Newsletters 2021
    • Newsletters 2020
    • Newsletters 2019
    • Newsletters 2018
    • Newsletters 2017
  • Saving Money
    • Latest Tips 2023
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    • Cheapskates Tip Store
    • Tip Sheets
    • Top Tip Competition
  • Contact
    • Changing Details
    • Help Files