Finance Tip of the Day

Budgeting: Needs vs. Wants

  • 2019 1 Mar
Budgeting: Needs vs. Wants


Budgeting: Needs vs. Wants

“But if we have food and clothing, we will be content with that.” –>1 Timothy 6:8

Have you ever done this simple exercise, just for the sake of it? Have you ever sat down and looked at your monthly budget and what you spend money on and categorized it into needs and wants?

Try it, it will be eye-opening for you. It’s amazing what this simple exercise will reveal in terms of what you want to live on versus what you could live on, if all the wants were subtracted. This quick budget activity can save you hundreds a month!

Today's tip brought to you by Mvelopes and Money4Life Coaching.