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Need Vs Wants

Needs Vs Wants 3

There’s a significant difference between needs and wants when you decide to spend or invest your money. Everybody’s needs and wants vary. “Need” is something without which you can’t live. For example, food, clothes, house and such others. “Want” is what you like or wish to do/possess, but possibly can do without it. For Example, you want an iPhone, even though your current phone works well. A want is something you can afford, but you don’t need it. It is…

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How Lifestyle Inflation as a Problem Affects Financial Goals?

Lifestyle Inflation 1

The ongoing COVID pandemic has taught us the value of many trivial things in our lives, from a usual morning walk to travelling, vacationing, to a simple family get together. Many people have become jobless and are facing a financial crisis.   Emergent situations such as job loss or a medical emergency can make a drastic impact on our lives. For sure, however, once we are out of this situation, we come out as a whole new human being.  Such changed…

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