[Yugocean]

The main reason for spending more money is that when we have money, we try to fulfil our desires and spend so much on them that we get the satisfaction of fulfilling them.
For this satisfaction, people convert their "want" into "need", even while budgeting the expenditure, make its expenditure imperative, and this is where they make mistakes. Such a budget will only encourage you to spend unnecessarily.

For example, you are fond of eating cake, so don't make it a requirement of your diet, you won't starve without cake. Cake is something you might keep in the budget for birthdays, anniversaries, etc.

[oldbuddy]

But I need my wants, that is what makes me feel successful. If I don't get them I stomp my feet and scream and cry.

[arunima]

You have a valid point there. The needs and wants would differ for different people. One has to go for judicious expenditure. You have to see your financial condition and set your priorities. Indulging in wants is okay from time to time. Bit one has to be careful and watchful that they are not overdoing it to hamper their financial planning and budget.

[Vehlijanta]

Don't make eating anything your habit. Don't make expensive habits of consuming products of expensive brands and save money

[augusta]

This was me with fast food years ago I had to stop the habit as I was spending too much money

[Yugocean]

But I need my wants, that is what makes me feel successful. If I don't get them I stomp my feet and scream and cry.

You are 84, enjoy life, your savings of your youth is to enjoy your retiurement.

This was me with fast food years ago I had to stop the habit as I was spending too much money

Good decision, you saved your health too.

[Treborika]

Yes it's a great money saving tip. More money can be saved by only buying the most needed basic items.

[nela13]

Each one of us must be aware of our needs which sometimes are totally different from our wants, even though we should prioritize our needs, we can't forget that it is our wants that make life interesting. I agree that we must save but also that we must use our money to live, to accomplish some wants (like travel, go to a fancy restaurant, buy something that we really which to have...)

But I need my wants, that is what makes me feel successful. If I don't get them I stomp my feet and scream and cry.

Children always prioritize their wants

[Vehlijanta]

This was me with fast food years ago I had to stop the habit as I was spending too much money

I also stopped wasting money on things that are not important and with these saving money from years.

[Luis911]

Good decision, you saved your health too.

[Vehlijanta]

By not spending money on things that we don't need we are utilizing our money effectively and keeping these for savings

[augusta]

Yeah just go for what you would need and valuable too. forget wasting money on luxuries

[Yugocean]

Yeah just go for what you would need and valuable too. forget wasting money on luxuries

Saving is for life, family, so need are not to be ignored, just control the wants.

[sweerie_banana]

I have my main source of income, but it's barely enough so I'm back here, and a couple of sites just to look for more money so that I can be in a better position to cater for my wants and needs. I simply just want a soft life.
Saving more is also a better idea, I try not to be a spendthrift when I earn some money.

[augusta]

Going to buy only your wants you would still have to spend more to get your needs and this means spending more money than saving

[eldavis]

Can you actually turn your wants into needs? Simply put i think it would be better to simply have a list then make the things you really need and the ones you just want.

[Kenti]

Can you actually turn your wants into needs? Simply put i think it would be better to simply have a list then make the things you really need and the ones you just want.

People actually turn their wants into needs. They just spend and pressurize themselves on something that is not like a non negotiable part of their lives. Something they can do without and still be fine.

[Nsikan]

That is why one needs to have a written down scale of preference based on most pressing needs.

[Cuddy]

This is a very good advice because it will prevent you from spending impulsively.

[Bankykizz]

You're absolutely right! It's important to distinguish between wants and needs to maintain financial stability. Thanks for the reminder.