Why You Should Understand the Difference Between Wants and Needs

There it is.

The clear, sharp, and vibrant screen from one edge to the other. The smooth surface that flows over the edges. The uniform and smooth silhouette encompassing it’s entire back.

It’s the Samsung Galaxy S8, the latest and greatest tech available in the mobile space.

The phone that everyone wants and luckily enough, it’s right in front of you because you were among one of the first to pre-order this magnificent and splendid gadget.

But let’s pause for a moment and think.

Did you need or want it?

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Is A New Car Purchase Really That Bad?

When purchasing an automobile to transport yourself from Point A to Point B, one of the most controversial things to think about is whether you should a new or used car.

Typically, people would recommend you to go with the used car so you won’t get hit with the depreciation once you drive off the lot, a loan (if you pay with all cash), and increasing your lifestyle to suit that brand new car.

On the opposite spectrum, people would recommend a new car so you can have a peace of mind on the possible maintenance costs that come with a new car, a factory warranty, being the only owner of the car, and just in general, having something new.

To give you some preface, I’ve been on the market for an automobile for the last few months, given that my car was stolen a few months ago.

So for today’s article, I’ll be looking into and analyzing whether or not a new car purchase would be bad for a “financially literate” person with “trustworthy credit”.

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