Financial LiteracyQ43 min500 Seeds

Needs vs. Wants

Needs keep you safe and healthy. Wants make life fun. Both matter — order matters more.

1
Needs are things you cannot go without: food, housing, clothing, transportation to school or work.
2
Wants are everything else. Wants are not bad — they just come after needs are covered.
3
When money is tight, sorting needs from wants is the fastest way to make a plan.