Let’s say you are thirsty, and you have to choose between a glass of water and cold drinks. You may think that it is the cold drink that you need as it looks more appealing, but it is the water that your body needs. It’s not an easy thing to differentiate between wants and needs because they look similar at first glance.

So, when you come across this type of situation, you should hold yourselves and clear your mind first before deciding what to do. You should know whether you want it or need something. You should always ask yourself this question. Do you need it? Is it going to help you?

Sometimes due to peer pressure and status symbols, we end up buying things we don’t need. Those things did not help us, and sometimes it is just a showpiece in our cupboard. So, before buying anything, always think for a while. Do you need it? Is it going to help you, is it important for you? Will it help in your studies? Is it going to get you a promotion? The more you ask, the easier it will be to differentiate and we can decide.

There is no harm in purchasing fancy items and expensive things. If you do it once in a while, you should not make it a habit. We have limited resources, and all of us are not so rich, so we must use our money.
Sometimes, wants and needs to look similar, but looking closer we will see the difference. The latter is vital for our living, and the former is just a personal demand.

Be practical, try to know what you need and what you don’t. Don’t buy something, just because others are buying it.

Also read- 5 facts about money, everyone should know.

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