Fake life is costly

[milewilda]

It’s important to know the difference between what we need and want. It’s so easy to spend on unnecessary things and then have no savings. we must try and budget our money as much as possible for emergencies and use extra money to spend on our wants hat way, we can avoid financial stress when unexpected things happen.

That’s absolutely correct.
Being able to distinguish between one’s needs and wants can indeed help one come up with a much better budget. Because you’ll be able to identify the necessary things that your money should go to, and of course give you the flexibility to save up for rainy days because surely emergencies would surely occur in the future and if there are no emergency or backup funds, you’ll surely encounter financial stress.  And also, you’ll be able to make reasonable investments too. But if one is unable to sort out his wants, it’ll be difficult or even possible to secure an emergency fund, let alone investing.

The issue on here is that a certain person would really be only making out those kind of realization on the moment that they are really that on a tough situation or condition yet not all would really be having that kind of consideration in trying out to determine on where they would be focusing which it could be on their main needs or wants. There are ones who could be able to make out such balance but there are those people who are really that trying out to focus more in terms of their wants and ending up on overdropped or missed out on making some allocation into their needs on which this one is really that much needed or something that crucial.