Wants VS Needs

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Do you know the difference between wants and needs?  You’ll learn when change happens:  one income instead of two, retirement instead of full-time work.

V Necessity teaches you the difference between wants and needs.   At one point I learned this about cars. I have a good car. 9 years old, about 70K miles on it, but it’s starting to rust around the wheel wells.  I could hardly believe it.  My car guy told me the fix was not even guaranteed to work more than one year. So, I could get a different car. 

Fact.  your car gets you where you need to go and car debt is not your priority. A lesson in wants versus needs.