Want vs. Need Cash On the Barrel

Here are the definitions of the two words:

Want- have a desire to posses or do something.

Need- require (something) because it is essential very important.

The definition of the two words alone tells the vast difference between the two, one is to posses the other is essential.

Need is a roof over your head for you and your family. Food so you have something to eat. A vehicle to get to and from work. If you cannot afford a vehicle at least have shoes to walk to and from work. Clothing to keep you warm. Medication for you or your loved ones to have. These are essential and important to have.

Want is tickets to the latest game or concert. Theme park tickets or movie tickets. The latest cell phone, tv screen, or computer. None of which is as important as those that we truly need.

Take care of the essentials first and save money for emergencies and then if you want something you can afford it without going into debt or using emergency fund for it. You can use the old-fashion, “Cash On the Barrel” to help you out. To pay all of it up front and jot in monthly installments which you end up paying more for in the end instead if the initial price listed. That does not include interest rates or taxes to it.

A great book to help you get out of debt or save money or if you have no debt and whant to learn to be smart with money is Dave Ramsey’s book: Complete Guide To Money. I recommend it and it will change everything for you and set you on the right track for financial stability and no more worrying about money and having no money to pay for those that which are essential to have.