Need and want are words that can be difficult to separate, but understanding their differences can make a world of difference when it comes to budgeting. Needs are those things that are necessary for a person to live, while wants are those that are not as essential. Needs often make up a huge part of your monthly spending, and it’s important to be able to recognize which items are truly needs and which are just wants.
Needs
A need is something that’s needed by a person to maintain their physical and mental health. Needs include food, water and shelter, but they also encompass things like social interactions and human contact. If a person doesn’t have enough of these things in their lives, they could suffer from a range of issues including stress and illness.
It’s crucial to understand your customer’s needs at every stage of their life, and if you can deliver the solution that meets them, they’re more likely to return again and again. You can do this by incorporating customer feedback into your product development process, doing keyword research to understand what customers are searching for, and ensuring that your site makes it easy for them to find what they need.
In 1943, psychologist Abraham Maslow proposed a five-tier model of needs that comprised the lower level of physiological needs (food, water and shelter) and higher levels of safety, love and belonging, esteem, and self-actualization. The needs lower down on the hierarchy must be met before people can move up to the needs that are more meaningful and empowering for them.
The highest level of need is self-actualization, which refers to the desire to achieve a person’s fullest potential. This need may be expressed as economic or academic success, or as a passion for peak experiences and personal growth.
Needs and wants can be hard to differentiate, but they’re easier to identify if you keep the following tips in mind:
1. Divide your expenses into needs and wants
When you’re trying to cut costs and save money, separating your spending into needs and wants is an effective way to start. By keeping this in mind, you can ensure that you’re only paying for the things that are essential for your happiness and well-being.
2. Ensure that your writing looks appealing
Your article needs to look professional and readable to attract readers. This means using plenty of white space and dividing your text with bullet-points, tables and screenshots. It’s also a good idea to use different fonts, color schemes and images to help the reader quickly understand what you’re talking about.
3. Create an outline
Before you start writing your article, create a detailed outline of the points that you want to discuss. This will help you to keep track of your ideas and avoid getting distracted by too many topics at once. You can then break your outline into sections and add bullet-points to each section to guide the reader’s focus and keep them interested.