1.
NEEDS
September
06, 2021
VS
WANTS

2.
Needs
Absolutely necessary
for survival
Mandatory or fixed
Wants
Would like to have but
not required
Discretionary or
variable
Offerings, Food, Utility
Bills, Rents, Commuting
expenses, Savings
Entertainment, dining out,
home purchases, travel,
electronics, monthly
subscriptions, new clothing

3.
01
WHY?
Significance of
determining needs from
wants

4.
Wise budgeting
Significance
50% needs
30% wants
20% investments,
debt reduction,
savings
Future building
HOW?

5.
What to do?
Adjust your spending on
wants
Secure additional
income
Build assets