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Family Budeting: Are you left Wanting?

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I’m sure many articles have been written on what we think we want and what we actually need.

Sometimes I can be very hard to tell the difference. I guess it’s easier if we were to compare it to dieting and brand our desires as food. Do I need that chocolate cake (new car-even though my old is fine and running) or do I just want that pizza (new bag)?

My children need an education – does it have to be at the most prestigious kindergarten or will cheaper daycare suffice for a 1 year old? You may find that this can be an area where you don’t wish to compromise and that is fine. For us – we decided that this was a priority and opted for the more expensive facility.

We need food – do we need that special bread or will regular bread be just as fine? Cookies, cakes and frozen products are often cheaper if we make them ourselves or buy them fresh.

As you can see there are many areas where you can distinguish between your wants and needs.

Where do you draw the line? What are some of things you absolutely need and if you can admit to yourself – what are the things you spend money that you actually only want?

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