In today's consumer-driven world, teaching children the difference between needs and wants is more important than ever. This foundational lesson can set the stage for a lifetime of smart financial ...
We all must learn to understand that there is a big difference between wants and needs. In simple terms, it is like the difference between hunger and appetite. One is a need (hunger), and the other is ...
My teen asked for a $28 phone case, even though the one she had was perfectly fine. I turned her down, but decided to use this as an opportunity to help teach financial literacy. It was important for ...
As parents, we all want to make our children happy—we want them to have that coveted toy or the next fun experience. But there are always going to be times when your children want something that doesn ...
Third, where people, including mental health professionals, get confused is understanding an individual's reaction when a want is not met. Like I said, when a need goes unmet, a person generally ...
When you’re building a budget, one of the first pieces of advice experts will give is to divide your expenses into your “wants” and “needs” and base your spending on certain percentages of each. But ...
When I got my first job, I was ready to spend my new income on a new apartment and a new car. After my dad stressed the importance of saving, I decided to focus on different financial goals. I created ...
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