wants vs needs

What is a “want?” And what is a “need?” While everyone has their own wants and needs, being able to differentiate between the two can be difficult. Being able to clearly define each can help you improve your savings, which can help you build up an emergency fund, pay off debt, or fund long-term savings goals.

Generally speaking, a “need” is something you absolutely cannot live without. You need a roof over your head, for example. You need food, water and transportation to get to work.

You need electricity in your house, you need food to eat and you need …