Wants vs. Needs: The Secret to Successfully Prioritizing Your Expenses
black electric guitarIMAGE CREDIT: Matija Sundalicvia Unsplash
Alternate Text
by Mackenzie Maher, Contributor
Last Updated: Feb 20, 2018
People—especially the younger ones—are constantly complaining that they don’t have enough money. If you take a good look at their income, though, this really shouldn’t be the case. It’s just that people don’t keep track of their spending, and therefore don’t know where the money goes.
Though it’s okay to spend on a few luxuries once in a while, your priority should always be your needs rather than your wants. In managing your budget and your income, you have to learn to differentiate between the two first.
Answers & Comments
Answer:
BUDGETING
Wants vs. Needs: The Secret to Successfully Prioritizing Your Expenses
black electric guitarIMAGE CREDIT: Matija Sundalicvia Unsplash
Alternate Text
by Mackenzie Maher, Contributor
Last Updated: Feb 20, 2018
People—especially the younger ones—are constantly complaining that they don’t have enough money. If you take a good look at their income, though, this really shouldn’t be the case. It’s just that people don’t keep track of their spending, and therefore don’t know where the money goes.
Though it’s okay to spend on a few luxuries once in a while, your priority should always be your needs rather than your wants. In managing your budget and your income, you have to learn to differentiate between the two first.
Explanation: