wealth, wisdom, willpower, cash crone, debtMoney Mindsets 

Do I need it, or do I want it? Wealth wisdom.

Do I need it, or do I want it?

It is a good and necessary question to ask before buying anything. I would like to say that each time the answer is “I want it,” I turn away without purchasing it. Most of the time, I do. The bigger picture of financial freedom is more important to me.

I have never been one to splurge willy-nilly, mind you. Usually the wants are small ones. But those small wants, for some people, can turn into great big debt monsters. I think we have to be careful of overspending, but we also have to be careful of the message we are sending to our subconscious – that we should NEVER have anything we want. It is a slippery slope – to plant the seed of not being worthy to enjoy or have. We could create a mindset of having to spend every last extra penny on something – anything – to keep ourselves at our financial money mindset of poverty or lack.

You are a child of the Universe – and you are as important as the next person, or the trees, or the wind. You are a magnificent, manifesting being; able to make solid, responsible choices about your money situation.

This is where compromise could come in handy. For instance, my present home has no garage. My truck, Delilah, sits outside, unprotected from the Vermont winters, and I have to scrape the windows every morning. I promise you, my next house has a garage (how do I know? because I am a supreme manifester!) and that problem will be solved. But right now, I scrape, and wonder why someone has not invented a better ice scraper. Seriously – forget the better mousetrap. Start working on those ice scrapers!

My sweetheart, Bill Spaid, wanted me to get a temporary snow shelter for the driveway. Great idea! He found one for a great price – around $320. I nearly said yes. But I asked myself the question – do I want it, or do I need it? I had to say that I wanted it. The truck was still drivable, and the problem of scraping was simply an annoyance, not a crisis. I could have taken the money from my “play” fund, but I just couldn’t visualize it as play. I considered, and calculated. And I said no.

I then asked Bill to help me find a compromise – a reasonably priced, sturdy windshield cover that I could put on every evening and remove every morning. This way, I wouldn’t have to tackle the windshield – only the driver and passenger side windows. If the snow shelter lasted 10 years, it would have cost me approximately $32 a year (and I probably won’t need it next year). My windshield cover cost around $20, and if it only lasts a year, I’m still ahead. I could take the $10 difference and look for another ice scraper.

There are other ways you could compromise on wants. Instead of meeting friends for dinner at a mid to high-level restaurant, look for a funky low-cost diner and try something new. Or have everyone bring a dish to your house for an old-fashioned pot-luck dinner. In the past I have held many “Broke Buddy” nights at my home – every one looks in their fridge and pantry for an ingredient, and we create a meal to share together – along with a movie from somebody’s home stash. They have always turned out to be fun nights, and no budget was harmed in the making of the meal.

How can you compromise on something you want, but don’t need? Share in the comment section!

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2 Thoughts to “Do I need it, or do I want it? Wealth wisdom.”

  1. I am usually the same way. Any want has to also include need for most things. I do compromise on a want when the need is low. Sometimes something isn’t 100% necessary to be called a need because there are alternatives but the alternative takes a lot of time. A simple example is an AC/DC tire inflation pump. I could just continue using the hand pump which takes considerable time to get the job done. One benefit is I do get a little exercise doing it. Or I could pay the $50-$70 for a good electric pump that should last a few years and save a lot of time and effort. I would also stay on top of my tire pressure more thus saving fuel cost and tire wear. With multiple cars in the household I had to compromise and buy the AC/DC pump. I just wait for a sale or store discount coupon to satisfy my frugal seeking brain..

    1. Thanks for your comment, Tommy! You brought up some good points. Sometimes the right quality tool costs less in the long run, and saves on time and aggravation. And it seems that those air pumps at the gas stations now cost a dollar or even more – all the more reason to have your own pump.

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