Why is it important to recognize the difference between financial needs and financial wants?

Why is it important to recognize the difference between financial needs and financial wants?

Understanding the difference between your wants and needs will help you make wise spending decisions. This is important because the small spending decisions you make now, will positively impact your financial security well into your future.

Is electricity a need or want?

Electricity is one of those tricky subjects to tackle, because it is kind of in a limbo state, not really a need but not quite a want. Bare facts- humanity has survived thousands of years without electricity and in large parts of the world today still manages fine without.

Is TV a need or want?

Each and every time we write back saying that cable television, or the equivalent like satellite TV or really any streaming service, is a “want” and not a “need”. You do not need TV like you need food, a roof over your head, medications if sick, utilities, resources for work expenses, or water.

Why Internet access is a human right?

In 2016, a report from the Human Rights Council of the United Nations General Assembly declared access to the internet to be a basic human right, integral to allowing individuals to “exercise their right to freedom of opinion and expression.”