Want and Need

Posted By: Dr. Frugal in Budget on 08/21/2007 at 08:06:04

We have a difficult time in this society distinguishing between want and need. We can thank the constant bombardment of marketing messages for some of that trouble; the rest we have to accept responsibility for ourselves. Part of what a budget and spending plan will do is help focus where your money goes and help you see if you are spending too much on things you don't need.

There is nothing at all wrong with wanting something. The problem develops when your wants get in the way of your needs, which includes necessities of life and those important long-term financial goals that are central to you and your family.

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