Values, Needs, and Wants- Oh my!

To be Financially independent you have to have your values, needs and wants straight. If you can identify a want from a need then you will be able to save money and spend your money on things you must get instead of want to get. However, wants and values also differ. Things that you value have purpose for your life. You usually have a deeper reason to get things you value then to get things you want. For example, if your happiness depends on getting a higher end products because you value the quality, then either save up for that product or eliminate other items that you want to get so that the price of the higher end product is manageable and not going to make you in debt. On the other hand, a want is like buying a bunch of stickers because you spotted them in the store and you thought they looked really cute. Make sure your needs come before your values and wants because your needs are there for a purpose, you can't do without them.  If you can live without your wants and values you should do that instead of getting your values and wants and not being able to live comfortably.

Doing the well being work  Changed my thoughts on how your value, needs and thoughts come into play. Having well being means that you feel good about your life and feel good about how you are living financially. This showed me that your values do matter and by being financially smart I can include both my values and needs most of the time. I originally thought that your values are almost equivalent to your needs, but they are far from it. Everyone's needs and values are different, so everyone's financial plan must be different as well.