The Difference Between Wants and Needs

When you're creating a monthly budget, one of the most important steps you need to take is categorizing your spending by whether it is a "need" or a "want."

It is also one of the most difficult steps because what is a need versus a want can vary from person to person. It is also easy to miscategorize wants as needs if you are so accustomed to them that you have trouble imagining living without them.

Learn how to budget more successfully by separating your expenses into needs and wants.

Read More: https://www.thebalance.com/how-to-separate-wants-and-needs-453592