...of Being a Good Steward of Your Resources

CTC Readers' Poll:
Distinguishing Wants from Needs 

 In the October 1, 2008 issue of the newsletter, Counting the Cost editor 
Nancy Twigg asked readers this question:

"What are your strategies for distinguishing wants from needs? When you really want something that you don’t really need, how are you able to say ‘No,’ when you really want to say, ‘Yes’?"

Responses:

 
"Often I'll examine why I want something new.  For example, I've been eyeing the larger-capacity iPods.  My current iPod works just fine, but holds only a small portion of my music collection, and I can't put any books on it without dumping my music. I don't want to dump the music for a book because I use the music each week to warm up in the car on the way to church for music rehearsals. (I sing on the praise team.)  Those are enough real reasons for me to save up for a bigger iPod, then give my old one to my husband who doesn't have one.  It's still not a need, but it justifies the want.
 
I've faced the same dilemma with cell phones, but when I look at why I might want a new one, it never boils down to anything more than it looks cool. To me, that's simply society's dictation of what's better and not a real reason. A new phone (as an example) wouldn't serve me any real purpose because I wouldn't be looking to upgrade features or anything. 
 
My rule of thumb is that if I can't come up with any true purpose for wanting something new other than appearance or because marketing tells me it's better without actually providing any better features, then I don't buy." ~ Anne Marie

"The way we determine the difference between wants and needs is by asking questions.
* Can I afford this?
* Is there a cheaper alternative?
* Can I make what I have last longer?
* Does it cost more to keep and repair what I have than to buy a newer one? 
* Can I substitute something else for this? 
* If it's needed, can I borrow or rent it for less than buying it? 
* Can I get this used? 
* Do I need this now, or can I wait for a deal? If I wait, what will happen?

Last year we scoped out a new iron as the plug became very hot when in use. When we saw the prices I decided to replace the plug instead. It was a simple fix, works fine, and was considerably cheaper." ~ Olivia


"I, too, mentally juggle wants and needs and almost always opt not to purchase the wants. However, last year I adopted a new strategy. When I encounter something I'd like but do not need, I have learned to add it to my wish list for holidays and special occasions. This has been helpful to my husband and family because in the past when they would ask for gift ideas I inevitably couldn't think of anything I 'needed'.  I don't feel guilty asking for a 'want' as a gift!  I'm pretty liberal about what I add to the list so that it's longer than shorter. That way I'll still be surprised. What a great, abundant God and country we have to be even having this discussion!" ~ Dawn

 


"For me, one of the hardest buying binges comes with kids' clothes. We have 3 girls and grandparents who spoil them so hand-me-downs are prevalent as well as new clothes from the grandparents. Even so, there's still the urge to buy this 'cheap' dress on sale or that 'cute' outfit. So my rule is if their dresser drawers are full (as they are 100% of the time), then they don't need any more clothes. They typically only wear what's on top of the clothes pile anyway and I wash clothes a couple times of week so WHY buy more clothes to wash? Another rule we have is if we have one of something, WHY do we need more than that? It only leads to clutter and bad spending habits. (This rule applies to toys, as well)." ~ Kim IA

"For me it is very important to occasionally give into my frivolous wants. I have a little money that I stick aside every week just for those things -- not much money, just about 10 dollars a week. If the money is there I will buy it. That way I don't feel deprived of anything, and my family can save money for the important things. It is very important to me to have that money set aside to do something nice for myself. As mothers we are always giving to other people, and forgetting about ourselves. ~ Christina (a lesson from my mother)


 
"In regard to your question about wants vs. needs, one of my big considerations is what impact buying another 'such-and-such' that I don’t really need will have on the planet. The manufacturing, sale, and disposal of the item are things that contribute to our pollution and landfill problems and that is something that is of utmost importance to me. I am a big believer in taking only what I need and in living as simply as possible. My husband and I manage to do this for the most part; we want for nothing, don’t spend a lot of money, and are nearly debt-free. That gives us a real sense of security as we enter some difficult financial times as a nation. " ~ Lisa

 
"I make my buying decisions by looking at the price of an item and then thinking how long my husband would have to work at his job for us to have the money to pay for this item (no credit card purchases for us). This system seems to work well in our household showing us the reality of whether an item is really worth that much labor on my husband's part for us to have that item. Presently, I do not work outside the home as I am taking care of my handicapped mom in our home. But even if I was employed, I would still use this system to make buying decisions." ~ Janet in Pennsylvania



"I remind myself that this isn't the only deal that I will ever have the chance to get. Something just as good or better will come. Sometimes, I walk away from a sweater or other item that I really want with the thought that if it is meant for me it will be here when I come back. Sometimes, I will forget about the item which demonstrates I probably didn't want it as badly as I thought at the moment. I also remind myself that adding to my clutter just clutters my life. If I can't keep track of all the stuff I have now, I certainly don't need to add to it. Finally, I decide if I am really getting my bang for the buck. Will I get $10 of happiness or convenience from this item?" ~ Beth


"Why the dilemma? If you were to purchase the new phone you would obviously use Christmas or birthday money that you stated you still have. In my world, Christmas or birthday money is to be spent for wants if you have no needs. It's time to treat yourself and get the new phone." ~ Kathy

"I don't believe in hoarding, but I will buy things that I currently use and know that I will need in the future if I catch them on sale at a great price. So using that rationale, I would have purchased the phone. Think about how much it will cost you if you lose yours and have to replace it; you may regret not having bought it." ~ Anonymous


"Distinguishing wants from needs has become easier for me since I started simplifying my home. I have decluttered and love it, so now when I 'need' something I ask myself: Do you already have one? Do you want to keep it, clean it, maintain it? Do you have somewhere to put it? Usually I come to the conclusion that I don't 'need' it after all." ~ Yvonne

 

Editor's Note: Thanks to all these readers who took time to write!

 

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