When Your Needs Become Wants

wants versus needs

One of the keys to financial success is learning how to separate wants from needs. It sounds easy. A refrigerator is a need. A car (in most cases) is a need. Housing is a need. Utility usage is a need. This is all true, to a point. However, these things can easily bleed into the wants category if you’re not careful. Making the distinction between a product that satisfies your needs and one that satisfies your wants is tricky business and requires that you be honest with yourself and willing to sometimes “settle” for less than your dream product. Here are some examples of needs bleeding over into the wants category:

You Need A New Refrigerator

Even though your refrigerator


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