Unable to distinguish between NEED and WANT
I’m sure everyone failed to distinguish their NEED and WANT when come to spend. The more money we make, the more we tend to spend. Let say, you really want a TV for your entertainment. Instead of buying TV you’re also purchased the DVD set and then Hi-Fi system. The end of the day, you spend a lot of money just to get entertain. This is an endless point, where we don’t know where to stop spending.
What is NEED? A requirement or a thing necessary for life. We need food, clothing, shelter, reliable transportation, education, enrichment, and the technology necessary to do our work. Sometimes we need some thing like special treats for our kid and ourselves.
What is WANT? More to desire of something. The feeling of having a latest notebook, PS2, high spec camera digital and others. These things will make you happy only at that time. But think back, how much money you have paid equal how much money did I lost for my saving You will get terrified if you think deeper, how much your monthly income spend just to satisfy your want! Let say, you bought a luxury car which equal to 10 years of monthly income. Is this NECESSARY?
I did not say that wanting is totally a bad thing. You can want a thing but THINK before spend it. Think, what the effect is if I buy that thing? Did my saving enough for the bad times? Did I willing to work to pay the thing? If possible question yourself back a few times, do I need it. If possible get your husband/wife or others opinion especially involve a lot of money. After through all this and you decide to buy, I’m sure you will not regret it.
I’m sure everyone failed to distinguish their NEED and WANT when come to spend. The more money we make, the more we tend to spend. Let say, you really want a TV for your entertainment. Instead of buying TV you’re also purchased the DVD set and then Hi-Fi system. The end of the day, you spend a lot of money just to get entertain. This is an endless point, where we don’t know where to stop spending.
What is NEED? A requirement or a thing necessary for life. We need food, clothing, shelter, reliable transportation, education, enrichment, and the technology necessary to do our work. Sometimes we need some thing like special treats for our kid and ourselves.
What is WANT? More to desire of something. The feeling of having a latest notebook, PS2, high spec camera digital and others. These things will make you happy only at that time. But think back, how much money you have paid equal how much money did I lost for my saving You will get terrified if you think deeper, how much your monthly income spend just to satisfy your want! Let say, you bought a luxury car which equal to 10 years of monthly income. Is this NECESSARY?
I did not say that wanting is totally a bad thing. You can want a thing but THINK before spend it. Think, what the effect is if I buy that thing? Did my saving enough for the bad times? Did I willing to work to pay the thing? If possible question yourself back a few times, do I need it. If possible get your husband/wife or others opinion especially involve a lot of money. After through all this and you decide to buy, I’m sure you will not regret it.
The amazing thing is that once you learn to live on less, it becomes a habit. The peace of mind that comes from relying less on materialism to define success usually leads to a greater and deeper happiness.
posted by Anden76 @ 2:20 PM
2 comments
2 Comments:
I absolutelly loved these frugal tips! A fun exercise is to go to a store, select merchandise and just hold the impulse to purchase. Many times, by re-evaluating the real need for each item, you will save money, by finding articles that you might have and still work well. Great blog!!!
I appreciate this tip. A while back, when I was living in a city and everything was at my fingertips, I noticed that my spending habits were a little skewed. I didn't get in debt, but I was not saving as much as I should have. I started asking myself the questions you stated, "do I really need this? Will I still want it after waiting 2 weeks?" These questions helped me curb the impulses. I stray every once in a long while; however, those questions are very sobering. Thanks again for confirming the importance of need vs. want.
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