Needs versus Wants and Money

Do you know the difference between needs and wants? Many brides and grooms are planning their wedding right now and this is a lesson that should not be missed. If brides and grooms can learn this lesson early during their engagement even before planning their wedding, this can benefit them greatly throughout their marriage.

Let’s get down to the basics and start off with definition. Need is defined as a requirement. Think back to the days of school when you were taught our basic needs are food, clothing, transportation and shelter. Elementary Watson right! Want is defined as feeling a desire for or wish for something. Classic example – someone wants to win the lottery. Doesn’t mean they will. As a matter of fact, some people have turned their wants into need.

To read the complete post - http://www.moneytalkmatters.com/2010/12/20/bride-groom-money-needs-...

Dr. Taffy