Courtesy of quotesgram.com
When budgeting, it is wise to determine your needs versus your wants. This is very important because you may think that something you really want you may need but not so fast! Feeding the ego is not so good because you crave the thing but your budget won't allow it.
Lets say you want to go to a concert but you have rent, utilities and other expenses due. You insist on going to the concert and must do something fast! Robbing Peter to pay Paul comes to mind. Wait a minute though...this concert is not in your budget! The ego rears its ugly head saying to you that you can put off a bill and go; it's a once in a lifetime opportunity.
Really? No, not really because that bill you are putting off will double along with late fees and late fees are not a friend of mine. There is always other passive streams of income (look in my past posts for that) and you can not only have extra money but, pay off some of those expenses. Please pay those bills and listen to the singer on the radio.
Take a deep breath, sit down and analyze what is truly a need and a want without any instant gratification (ego) involved.
Those things dealing with household (rent, food etc) and personal (student loans, car notes,etc.) stay in the forefront period! These are needs. Anything dealing with hot sales, hot concerts, clubbing (you get my drift), put to the side. They are wants. Those things are put in the background.
Keep up your budget and please stick with it. There are those who have wants all the time and have a garage full of them to show for it (garage sale alert).
I am not saying to never want anything but we must keep things in perspective. The wants get out of hand when you disregard your needs.
Save Money~Make Money~