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Chapter 9: Buying What You Need, Not What You Want
Synopsis
One of the best ways to save money is buying what you need, not what you want. Through distinguishing your needs from your wants, you will be able to purchase items in a smart way. Unfortunately, not all know the difference between their needs and wants. That is the reason why some end up purchasing their wants rather than their needs. So, before you shop, the first thing you should do is to find out your needs and wants.
More often than not, students tend to buy their wants instead of their needs. It is because at the first place, they don’t know the difference between them. Needs are something that you require for you to stay alive. Some of these are foods and clothing. Other than these, transportation and shelter are also considered to be one’s needs. But, these belong to the slightly less needs. The reason behind it is that anyone can stay alive and survive in this without shelter or transportation as long as they are eating every day.
How to Know What You Need and What You Want
For students, some of their needs may include books, clothing, foods, and a shelter. Everything else is already considered a want. Wants are those things that can offer you pleasure or entertainment like gadgets. Although you also need mobile devices for communication and a laptop or computer for assisting you for homeworks, these are not really considered as needs. It is because there are various sources that can offer you information like books. You can also communicate by trying the traditional way of communicating with others.
There are other things that are considered as wants. One of these is to have a car. There are several means of transportation you can consider. You can consider using your bicycle if you want to avoid gas expenses. Or, if you really want to drive your car, always ask if there are discounts for students. Although not all can offer you discounts, but majority of gas stations may give you the chance to save money.
Once you have determined what you need or what you want, you will be able to enjoy savings because this can offer you the chance to reduce your expense from buying your wants. So, if you don’t want to pay a huge debt, consider knowing the difference between wants and needs first.