What do you dream of having today—a new purse, a house, a vacation, a car?
Now think about this, do you need these things, or do you want these things?
You may be wondering. “What’s the difference?” I’ve shed a little light on this below:
- A need, when filled, sustains us.
- A want, when filled, entertains us.
- Attempt to substitute wants for needs eventually drains us.
Spending on a myriad of things we want while leaving needs unmet is like grazing all day on snacks and never feeling full, or satisfied.
So too, we might spend—or overspend—on a thousand things and still feel a hunger for a need yet unmet.
Sorting wants from needs and beginning to make decisions about them is more of an ongoing conversation with yourself than a checklist.
By slowing down, looking inward, and discerning if items are a need or a want, you’ll be able to vastly reduce the impulse buys that often contribute to money struggles.
I’ll be getting into this more next week. Stay tuned!
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