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Needs vs. Wants: How to Budget for Both

Needs are the things we must have to assist us day to day life: food, shelter, clothing, personal care items, and in most cases safe, reliable transportation. Rest things we can classify as a want: entertainment, electronics, leisure travel u2026 the list of things we want is potentially endless. <br><br>

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Needs vs. Wants: How to Budget for Both

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  1. NEEDS vs. WANTS How to Budget for Both

  2. Introduction Needs are the things we must have to assist us day to day life: food, shelter, clothing, personal care items, and reliable transportation. Rest things we can classify as a want: entertainment, electronics, leisure travel, the list of things we want is potentially endless.

  3. Needs vs. Wants: What’s the Difference? Needs List: Want List: Water Food Power Clothing Transportation Internet Phone Car Date nights Life insurance A need is a must-have thing that you cannot go any significant period of time without and A want is essentially something that enhances your life and that you’d like to have.

  4. Budgeting For Both Needs and Wants • Takefin Budgeting App The budgeting app is best to track monthly budgets easily.

  5. TakeFin expense tracking app allows you to record all your expenses on a daily basis. • It is an ideal app for both personal or business finance. • It gives you a digital view of your monthly expenses. • And it helps you to know where you are spending more money and other activities.

  6. takefin.org/ TakeFinapp takefinfinanceapp/ takefinapp_/

  7. Thank You!!

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