Why Balancing Needs and Wants is Important

Everyone's situation is different growing up. Whether you were born poor or rich, we all have our needs and wants. Understanding what you need and want in life can set you up for financial success.

Ways to Avoid Overspending

Unsubscribe to Emails

How many emails do you get in a day? Probably over 100 emails, I'm guessing. Many brands and companies will be sending thousands of emails in a day so that they can sell you something. Companies want to make money by sending you deals or promotions on products or services. 

Consider Minimalism

It can feel very fulfilling when you own fewer possessions because you don't have to worry about cleaning or losing things. The less stuff you have, the more money you have for other things that might be important in your life, like traveling, experiences, or health.

Understanding your WHY

When it comes to your needs and wants, questions usually help you make decisions. Why are you buying it? How often will it be used? Is it worth it? The list of questions goes on and on.

Disable Notification

We are all guilty of not turning off our notifications on our phones. Most people have many shopping apps on their phones that notify them when there is a sale or deal. Do you leave these notifications on so that you can shop more? Many people think they are saving more by buying things on sale, but it makes them spend more.