Needs vs Wants: The Importance of Distinguishing Between the Two
Imagine you're at the mall with your friends, walking past stores filled with beautiful clothes, shiny gadgets, and delicious treats. You start feeling the urge to splurge on the latest fashion item, even though you know you can't afford it. In situations like this, it's important to distinguish between your needs and wants. Needs are the basic necessities of life, while wants are desires or preferences that aren't essential for survival. Understanding the difference between the two is crucial for making responsible decisions, achieving financial stability, and living a fulfilling life.
