It is funny how our want is infinite and it is one of those things that is very difficult to understand because it can be very hard to differentiate between want and needs. The tricky part is you can want something and also need it but there are something that we want that we don't need and mastery of this simple thing can save us a lot of money.
As young man that is just making money the mistake that they normally do is spending more on things that want and not things that need because wants are the things that actually make us feel good for the main time and not things that will be beneficial to us in the long term. Some people go for what they want and what they need at the same time which does not give room for saving or emergency funds.
This set of people doesn't know the importance of savings because they thought the money will just keep coming and those that know it are not saving their money the right way, they save what they have left after spending and it suppose to be spent what they have left after saving. You can never save if you focus more on what you want rather than your need because your want is infinite.
Identifying what we want and need and being able to prioritize our needs over what we want is the beginning of a mentality shift and the second thing we must add to this is the saving culture which is spending what we have left after saving but we mostly do the opposite which is why we end up not saving at all.
We have good intentions most time about savings but when we choose to spend before savings we are always caught up in buying our wants and needs which results in saving little or not saving at all, when we save before spending will not give room at all for excess spending.
Thanks for your time.
