August 20, 2020
When is Something a Need or a Want?
The Importance of Discussing Needs vs. Wants at Home
“Wait, first and foremost, why should you even be aware of this kind of discussion within your early years?”
Well, do you know that “The best-learned lessons from being a kid, is almost always learned from home?” And in the field of finances, on the world of money concerns, there goes the same truth.
From that quoted statement, we can understand that the best place wherein we should gather the foundation of knowledge about the handling of those coins and bills (you always convince and actually bother your mom and dad about) is at home itself.
Aligned with that, some might think that this kind of discussion is too soon to be talked through with young people like you - but believe me kid, there’s no “too soon” for this kind of discussion for big dreamers like you.
And that learning usually starts with...?
One of the most important financial covers that should be really understood by children and teens like you is the difference between needs and wants.
Aside from the basic difference in the literal definition of these two words, the gap between these two financial concepts is way more diverse. And that’s the truth. Also, the very reason why some people, even the old ones, are still confused which really is a need or a want.
However, before showing you the list of standards in order to determine when something is a need, or when it is a want, there are top three reasons, why initially, discussing this specific financial topic at home serves as a serious sort of necessity.
Well, do you know that “The best-learned lessons from being a kid, is almost always learned from home?” And in the field of finances, on the world of money concerns, there goes the same truth.
From that quoted statement, we can understand that the best place wherein we should gather the foundation of knowledge about the handling of those coins and bills (you always convince and actually bother your mom and dad about) is at home itself.
Aligned with that, some might think that this kind of discussion is too soon to be talked through with young people like you - but believe me kid, there’s no “too soon” for this kind of discussion for big dreamers like you.
And that learning usually starts with...?
One of the most important financial covers that should be really understood by children and teens like you is the difference between needs and wants.
Aside from the basic difference in the literal definition of these two words, the gap between these two financial concepts is way more diverse. And that’s the truth. Also, the very reason why some people, even the old ones, are still confused which really is a need or a want.
However, before showing you the list of standards in order to determine when something is a need, or when it is a want, there are top three reasons, why initially, discussing this specific financial topic at home serves as a serious sort of necessity.