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Showing posts with the label How do you explain needs vs wants? What is the difference between wants and needs?What are the needs and wants?

How to Identify Wants vs Needs?

 Disclaimer All Information provided on this website (THE MONEY UNIVERSE ) is for Educational & Informational Purposes only. I am not a SEBI Registered Financial Advisor, Analyst or Broker.  Introduction Many people spend money on different things and where there money goes. It is the most important thing to understand for any person what a need is and what a want is in for their life. they don't know how to spend their money . This awareness can change in your financial life. so , dear readers in this article I will help you to understand needs vs wants , what's the difference between needs and wants with examples .  What Are wants ?  in simple words, wants are desires or wishes .They make life easier and enjoyable . Wants have no limits because humans always to buy expensive things. because Humans always buy unwanted and unlimited things. That is why they called wants.  For Example  Many people want to buy  An expensive car   luxury wat...