You are here:

Is Your Purchase a Want or a Need? By Janice Parker

Janice ParkerOver the years I’ve heard many explanations of needs vs. wants and have since determined that the difference between wants and needs are in the eye of the beholder. Now hold on to your seat and hang with me through this article, because it will be VERY natural to push back on some of these sentences. I’m not preaching at you, just trying to get you to think about money and life.

“The newest phone models have just been released”

“I work hard so I should play hard”

“Christmas just isn’t Christmas without gifts”

“We must have cable; who doesn’t have cable?”

“A latte every now and then is no big deal because it’s just a few dollars”

“I haven’t shopped in months so I deserve to have something new”

“My child/ren have worked so hard so they deserve this”

“I too have found myself in the trap of thinking that something was a need when really it was a want. As you scrutinize your finances and with every shopping trip you make, be sure to ask the question, “Is it a want or need?”

Everyone likes an occasional splurge and I’m totally fine with that – if its budgeted for AND you have cash to pay for it. No credit cards, no payment plans, no loans or borrowing for the purchase. Additionally before you splurge on a want, make sure that the savings account is desirable and can withstand an unexpected expense, you have a retirement plan in motion, you are properly insured (health, life and property) and you aren’t behind on your household bills just to name a few. 

Challenge your spending. Ask the want or need questions for every purchase. Resist the temptation to impulse shop and remember…1Corinthians 10:13.

No temptation has overtaken you except what is common to mankind. And God is faithful; he will not let you be tempted beyond what you can bear. But when you are tempted, he will also provide a way out so that you can endure it.