1. Question Your Needs and Wants
What do you want? What do you really need? Evaluate your current financial situation and make two lists: one for needs and the other for wants. As you make the list, ask yourself the following:
- Why do I want it?
- How would things be different if I had it?
- Which things are important and essential to me?
When your list is complete, re-evaluate what qualifies as a need before making any purchases that will impact your budget.