One of many lessons that came to our family from the economic crash of 2008 was being clear about defining “wants” versus “needs”. It can be easy to confuse the two. Defining wants as needs can lead to poor decision making and can circumvent the real goals in our lives.
“I need a new smart phone.” — No. You “want” a new smart phone. Few of us need to upgrade as often as we do. In fact, the brains behind the major telecom companies have figured out a new way to play to our cravings, fed by the advertising and message machines in the marketplace… Don’t want to lock in to a two year contract? Need to update your phone every 12 months? 18 months? Now you can “lease” your phone and pay over time instead of having to buy it outright.
And pretty soon all the “small monthly payments” add up and we find ourselves in a society filled with debt.
In fact, we all have very few “needs” in the material world. Our true “needs” to create fulfilling lives are more often in our relationships. If we control our urges and redefine our needs and wants more truthfully, what opportunities will that create in our lives? More $$ available for creating experiences? More savings? Less debt? Radical.
Want vs Need. What do you think? Where has this been a challenge or an opportunity in your life?