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What do you think
about Laura's
spending habits7
It is important to differentiate between needs and wants.
You need
food,
shelter and water.
You need air to breathe. You need an
education in order to get ajob.
Awant is adesire.
For example, we all may want a
huge house, with a butler, gardener and even a few nice cars. But
would we die without those things? Would not having those things put
us at a serious disadvantage?
If
you're honest with yourself, you'd see
that the answer is no.
Laura
wants
to go to the cinema and purchase a new top every week.
Those purchases are not based on necessity.
If
she decided to go to
the cinema and buy a new top every other week instead, do you
know how much money Laura would save each month?
Laura would have $80.00
in savings every month!
In one year, that would be $80.00 x 12
months
=
$960.00.
Imagine that! She could save almost
$1,000.00
in only one year!
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