Finance & Fury Podcast

Welcome to Finance and Fury. In this episode I want to discuss and clarify the concept of needs versus wants – especially in relation to spending habits Needs and wants - Each of these terms can be very subjective – as what is a need for one person may be a distant dream, or simply a want for another – where they have no means of actually achieving the essentials of another person So in this episode – we will go through how to discover and clarify the differences between what your wants and needs are The aim of this is to help quantify spending habits – helping to explain the differences between essential and discretionary spending habits Again – what is someone’s essential spending habit may be a distant want, or what would be considered incredible discretionary expense for another person in a different situation – or with different goals or life focuses   First – lets look at some different ways on how to then define these terms – of wants and needs When talking about wants versus needs – this could o