If you want to be successful at managing your money, you'll need to understand the importance of developing spending plans, spending money wisely, and saving. Needs Versus Wants! You can begin by thinking about your personal needs and wants. "Needs' are items that you must have for a basic survival, such as food, clothing, and shelter. "Wants" are things you desire but can live without, such as fashion, items, restaurant meals, or entertainment. Make a list of each and estimate the costs; then compare. Are you spending as much for your wants as for your needs? Are you currently making payments on items that you bought to satisfy your wants? Remember, wants are neither good or bad. However, you'll want to personally balalance your needs and wants so that yu can sucessfully establish a ...
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