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Wants or Needs?

Is having the latest technology a want or a need?

How often do you get a new cel phone or mp3 player? Did you really need a new model? Do you consider the environmental impact of these purchases? If you are addicted, how can you break your addiction?




Wants or Needs? >

Wants or Needs?

NDeJesseBOD1

For many people, making impulsive decisions to purchase something is a common habit. The main draw towards impulsive purchasing is the feeling of instant gratification. When people buy something they want, they immediately become happy. This sense of joy and happiness makes people want to purchase more items. However, this habit is terrible for the environment. Each package bought is transported by trucks and ships; both of these vehicles contribute negatively to global carbon emissions. In order to break the cycle of constant spending, nerdwallet.com recommends a 50/30/20 budget. This plan spends 50 percent of a person’s income on needs and 30 percent on wants. The other 20 percent goes into savings. This budget can help reduce impulsive purchases and, overall, reduce global carbon emissions.
https://www.nerdwallet.com/blog/finance … sus-wants/

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