But what you need not what you want

[Didia Sofunichi]

Buy what you need not what you want. Globally the world is facing the worst kind of inflation in history and humans are going through their worst economic experience.

People need to be careful with finances expecially to be able to deal with emergency period. Needs are necessities but wants are luxury.

[bitterguy28]

people find a difficult time differentiating what they need or what they simply want the human mind can make up excuses or justifications just for you to buy something

my advice would be to not get caught up with the trends and whatnot because those are the things that will have you wanting to buy things others buy just so you can stay in trend

[0t3p0t]

Buy what you need not what you want. Globally the world is facing the worst kind of inflation in history and humans are going through their worst economic experience.

People need to be careful with finances expecially to be able to deal with emergency period. Needs are necessities but wants are luxury.

As a person who has learned the past mistakes of overspending I am now living in a frugal and comfortable lifestyle. Since my income isn't that much I can't afford to waste my hard earned money for nonsense things I don't even go outside not unless I have important matter to attend. Even the intensity of crisis I can still see people on social media having this lavish lifestyle even though they don't have enough in real life but we can't blame them for that it's just that maybe they are prepared for the worst already and I am not. 😅

[target]

I hear you. I have been watching news from US to EU and Asia, every country has been facing the same issues from job loss to food shortage since the start of COVID down to Ukr Russia war.

People are living paycheck to paycheck so saving the money every possible way is an opportunity to do until the worse is over.

[bisdak40]

Stick to buying what you really need, not just what you want. Things are getting super expensive everywhere, and a lot of people are struggling with money. Be smart with your cash, especially for emergencies. Needs come first wants can wait.

[Chilwell]

people find a difficult time differentiating what they need or what they simply want the human mind can make up excuses or justifications just for you to buy something

my advice would be to not get caught up with the trends and whatnot because those are the things that will have you wanting to buy things others buy just so you can stay in trend

Exactly, the way the economy is evolving, and prevailing hardship have made life increasingly complicated for people. As a result, many or a lot of people find it extremely challenging/ difficult to distinguish between their wants and actual needs. That's why budgeting is important. Without a budget, receiving a sum of money can lead to impulsive spending on unnecessary items. When money is readily available without a plan, it can be overwhelming and cloud our judgment, making us more likely to spend impulsively and unwisely.

[DragonF]

People misplace their priorities, and as a result, they end up purchasing items they want rather than necessities, sometimes for the sake of bragging. Some people are already learning the hard way because of the pressure they feel when they buy what they want rather than what they need because, in the end, you will still buy those needs, and when you do not have the money, you become stressed and regret buying those wants.

I have seen cases where someone purchased something and then sold it a week later to buy something else. This situation is obviously one of purchasing wants instead of needs and having to sell the wants in order to pay for the needs.

[Penlex_Writer]

Buy what you need not what you want. Globally the world is facing the worst kind of inflation in history and humans are going through their worst economic experience.

People need to be careful with finances expecially to be able to deal with emergency period. Needs are necessities but wants are luxury.

the inflation of prices are getting worst by the day,if the money you have is not enough you can't buy what you want,instead you go for what you need,i agree with you.

[Findingnemo]

The inflation rate is on the rising side but also people who buy Iphone or going to fancy restaurants has increased tremendously which is happening due to the credit cards and micro loans. People have been abusing their opportunity and let the companies to make more money and they just stuck in the debt spiral forever.

It's natural and they only change when things go out of hands like if they lost their job and suddenly feel the difficulty of survival then only they realize the importance of savings.

[bisdak40]

The inflation rate is on the rising side but also people who buy Iphone or going to fancy restaurants has increased tremendously which is happening due to the credit cards and micro loans. People have been abusing their opportunity and let the companies to make more money and they just stuck in the debt spiral forever.

It's natural and they only change when things go out of hands like if they lost their job and suddenly feel the difficulty of survival then only they realize the importance of savings.

You're right, people tend to spend too much with credit and only realize the problem when something bad happens, like losing a job. That's when they understand why saving is important. It’s a hard lesson, but sometimes that’s what it takes.

[0t3p0t]

You're right, people tend to spend too much with credit and only realize the problem when something bad happens, like losing a job. That's when they understand why saving is important. It’s a hard lesson, but sometimes that’s what it takes.

Nowadays people tend to use loan to buy things that does not make gains or a passive income, some may use it to pay another loan and that is what they used to and sometimes they refuse to pay just by hiding from collectors which is funny but that is really happening here in my community. Only few are having the will to save and think for the coming days like ants do. We do have loans as well but we pay not because we can but because it is an obligation. I agree that saving is good but investing is I think way better, the only problem is that, only few knew how to do it. That is why I am happy that I came across forums because there's a lot of brilliant ideas being shared all over the boards. Financial literacy is what we need to survive crisis and stuff.

[JoyMarsha]

Cutting your coat according to your size is a lesson everyone is learning these days. Few people are buying what they want; most are buying only what they need, not to impress others or to elevate their status.

Both the rich and the poor are sharing their concerns about global inflation with one another on how it is affecting the world economy and causing prices of things to rise significantly. 

This makes it indeed a challenging moment that everyone is facing. No one wants to feel superior to their brother or sister when it comes to buying things to impress

[Rruchi man]

Buy what you need not what you want. Globally the world is facing the worst kind of inflation in history and humans are going through their worst economic experience.

People need to be careful with finances expecially to be able to deal with emergency period. Needs are necessities but wants are luxury.

There are people who are still able to afford their wants just as they can afford their needs in this period where we claim that there's a lot of economic hardship. The truth is that it is not everyone that is affected and while some other people are complaining some other people are busy enjoying the money they're making in this period. if you know that you are not yet financially comfortable, do not fall under the pressure of following others who are in a more comfortable position than you financially to purchase wants.

[Sim_card]

Stick to buying what you really need, not just what you want. Things are getting super expensive everywhere, and a lot of people are struggling with money. Be smart with your cash, especially for emergencies. Needs come first wants can wait.

Financial management is very important for one to be able to manage his resources wisely and avoid unnecessary spending on wants. The best way to avoid unnecessary spending is for you to look for a way to save your discretionary income or invest it into bitcoin with DCA so that you can be discipline on how you spend funds and channel them yo to the right thing.

[0t3p0t]

Financial management is very important for one to be able to manage his resources wisely and avoid unnecessary spending on wants. The best way to avoid unnecessary spending is for you to look for a way to save your discretionary income or invest it into bitcoin with DCA so that you can be discipline on how you spend funds and channel them yo to the right thing.

I agree, budgetting is the most difficult thing to do whether you have much money or less because it requires discipline to do so. For me I always prioritize my needs when I go outside and buy groceries and I make it good enough for me and lasts atleast one week so I am not gonna go outside all the time because you know liability always follow us whenever we go. 😅 I always have lists of what I need so that I am gonna bring enough money for that so no reason for extra spending.