Advertisers carefully craft messages to turn wants into perceived needs. Think of all the things we consider necessities today that years ago (or in other cultures) would be luxuries: a smartphone ...

“I think that’s the line he’s trying to get us to draw with regard to needs and wants: not just how much is enough, but how are we going about trying to satisfy these needs and wants, and ...

If part of your goals for this year entails getting in the best financial shape of your life, then you have likely started to think about a budget. One of the most popular budget strategies is the ...

Putting Definitions on Paper. Use the Needs vs. Wants Worksheet to write down some of your needs and wants, and then look carefully at what you've listed. Are the needs really needs, or can you move ...

The goal of the 50/30/20 rule is to spend 50% of your budget on needs, 30% on wants and put 20% toward savings. But for some, differentiating between needs and wants can be challenging.