Buy what you need and not you want ..

@Soniasony (1827)
India
April 24, 2009 1:06pm CST
This is my personal experience after looking at one my friend's debt row for a credit card.. She is a shopping addict and thats the reason for her trouble .. She has bought the costliest mobile, an i pod and the list follows .. I am not against her purchase, but i am concerned if she really needs a costliest mobile if she cannot afford .. She is taking her credit card for granted and purchased a lot of stuff which I feel she hardly needs .. But she wants.. There is a huge difference between what we need and what we want..Our wants are unlimited But least intelligence is needed when it comes on deciding what we actually need.. Especially in this condition of recession where anything can happen or disturb our financial positions..
4 people like this
17 responses
@cher913 (25890)
• Canada
24 Apr 09
a lot of the younger generation get caught up in credit cards then they end up going into debt. they buy what every catches their eye and dont always remember that they have to pay it back! i think they should start teaching money management in school!
2 people like this
@Soniasony (1827)
• India
25 Apr 09
Seriously thats true most of them are unaware of things unless thy experience it themselves which proves very costly for them..Thanks for response
@Rakhi6c (299)
• India
24 Apr 09
Thats exactly what I was a few months before, I had same problem I am still paying my EMI every month till the end of this year .I am really feeling bad for what i brought simply which i did not needed.Do you know how can I get out of this soon?
@Soniasony (1827)
• India
25 Apr 09
What I suggest is that opting for EMI or monthly installment are really costlier because you end up paying the added interest. Think wise try finishing off things very fast..
@dpk262006 (56482)
• Delhi, India
3 Jul 09
Hi Sonia! Your observation about your friend is very right, she should not spend more than what she is supposed to spend or more than what her pocket allows. A credit card should be used for convenience and not for taking credit and she should have remembered that it is she who has to pay the bills of credit card and if she does not, she'll have to pay very heavy interest. I try to spend within my limits and do not go on buying expensive things, just because I've credit card and I can purchase without paying anything. How about you? Do you go for shopping, as per your pocket? Nonetheless a very good discussion.
1 person likes this
@Soniasony (1827)
• India
5 Jul 09
I would suggest to use cash .. so you will know the value when you spend.Thanks for response.
1 person likes this
@dpk262006 (56482)
• Delhi, India
6 Jul 09
You are right Sonia, paying in 'cash' is the better option, however, sometimes, you are not carrying enough cash and you want to buy a certain product, in that case, credit card comes handy. Nonetheless, one should spend within his/her limits.
• India
6 Jul 09
Its kinda different with me. I am not a big spender. I hardly buy stuff which i want....spending money on things that i want is out of prospects. There are a several reasons for that. About a couple of years ago... when i used to spend money..it would burn my blood. My mind used to keep thinking did i really had to spend my parent's money on that. Did i really needed it. Is it worth ...is it so important. My mum used to explain to me that its no big deal and i need not care but i did. That was a really bad thing. So i actually read online how to cure myself and i did. Now i don't buy things which i need.... maybe cause i don't care and really i don't need "things"... or out of laziness... So spending money not an issue with me but i think its a right message that you are sending. Its recession time and people should keep a chek on their spending habbits...
@Soniasony (1827)
• India
6 Jul 09
Thats really good..You dont need to be big spender I appreciate you need to a sensible spender .Thanks for your response.
• India
4 Jul 09
Credit card fascility is provided so that a person can purchase those things that he/she might not be able to purchase with cash at that particular moment cause of less cash or any other fact effecting the income. Definately one should keep in mind if he/she can pay back or no? if can under whatever circumstances then i feel its ok to purchase those things also which we think are not of utter most important to us. Expensive things are also made for everyone who want to own it. so its not wrong in purchasing those things which you want and might not need.
1 person likes this
@Soniasony (1827)
• India
5 Jul 09
SO here the question is not that whether you deserve or dont deserve t buy expensive things .. But discussion is how do we controls our needs and wants anyway thanks for responding.
@ekimflow (121)
• United States
17 Jun 09
some times people will buy the most costy things and don't want or need them but they think that if they have it and you don't have it then their better than you.
1 person likes this
@Soniasony (1827)
• India
1 Jul 09
Yeah thats a foolish thing most people are not aware of..Thanks for response.
• Philippines
9 May 09
it's a good thing I don't have a credit card.I pay in cash and it is much better for me because I can track my expenses better.also,I shop for secondhand and vintage clothes,so even if I buy a lot of clothes,I get to pay less.I have a "SPLURGE/SAVE" list.
1 person likes this
@Soniasony (1827)
• India
1 Jul 09
Thats a great thing to do ..smart way to live i should say..Thanks for response.
@Pigglies (9339)
• United States
6 May 09
I am one of those people who generally only buys stuff that I need. But sometimes I do have to splurge. I recently bought shoes that are nearly $100, and normally I buy $15 Target shoes. But these were specifically for running and I figured they were so awesome I couldn't pass them up. But one of my friends will buy tons and tons of weird knick knacks, clothing that doesn't even fit her but she wishes it did, etc. But she has a ton of money so I guess it's not a problem for her. At least she finally realized that she does live a very expensive lifestyle. I told her she couldn't be my roommate with a lifestyle like that, because I would expect her to pay the bills instead of going out shopping all the time. She thinks it is okay to pay people back with stuff instead of money. Which is great when you need stuff. But when it comes to rent and expenses like that, you need money, not stuff.
1 person likes this
@Soniasony (1827)
• India
1 Jul 09
Yeah thats really weird .Thanks for response
@tigerdragon (4297)
• Philippines
27 Apr 09
there is nothing wrong if we buy what we want or outweigh the needs from the wants just as long as you have the means to pay for it. there are a lot of people who lives beyond their means, thinking that it can be paid for but in reality it can't be done. i know because i learned it the hard way in the past.
@Soniasony (1827)
• India
27 Apr 09
Thats my exact point we dont have to make mistakes with credits , but we can learn from others mistakes coz those mistakes are too very costly to overcome. Anyway thanks for the response.
• India
26 Apr 09
Thats exactly the way we live .most of things i purchase are not needed they are jut to show off that I have the branded but afterall what we need is to cover up ourselves whether its branded or a normal one the purpose is the same.
1 person likes this
@Soniasony (1827)
• India
27 Apr 09
Yes going in for a brand is one obvious thing evryone would tend to go for , but we can do without it actually .Thanks for responding.
@Asylum (48224)
• Manchester, England
26 Apr 09
I have to agree with you completely on this point, needing and wanting are a lot different than each other. I personally spend too much on a mobile because I want it, whereas a cheaper model would serve the same purpose. The same applies to my computer, for which I spend far more than is needed because I want to have a better system despite the fact that my current system is more than adequate. The only saving grace in my case is that I will not spend money that I cannot afford, and only use a credit card for convenience. If I do not have the cash to clear my credit card as soon as the bill arrives then I would not use it. Over spending is far too easy nowadays, and very difficult to remedy.
1 person likes this
@Soniasony (1827)
• India
27 Apr 09
Yes I agree overspending is far too easy but not the other way.Thanks for response.
@cream97 (29166)
• United States
25 Apr 09
Hi, Soniasont! Yes, that is so true, if we only buy what we need and not what we need, then it will save us more money down the road. Like with me, I would rather have a walk man, instead of an ipod. I could mange without one. But, it really isn't a big deal to me. I would love to have one, but I just can't afford one at this time. If, I could do without it, I would buy something else instead.
1 person likes this
@Soniasony (1827)
• India
27 Apr 09
Thats smart thinking , what we need is music then walkman will do than a ipod which is a myth and hype at a financial crunch situation like this..Thanks for response.
@larish (2195)
• Philippines
25 Apr 09
I agree with you. We just have to live within our means. We must categorize what we are buying - we have to tag what are our needs and our wants. Our need is a must buy because it is our basic needs -food,, shelter and clothing. Wants are the commodities we can live without, thus include luxuries in life.
1 person likes this
@Soniasony (1827)
• India
27 Apr 09
Thats exactly the way things should , we need to tag out our needs out of our wants .Thanks for response.
@amirev777 (2820)
• India
25 Apr 09
hi soniya yeah i fully agree with ur views-u r right when u say that one shud buy what one needs and not that one wants-just spending ur money over some things that catch ur fancy is utter rubbish-even my gurl is a shopping addict-even she loves blowing money-but i still manage to keep a tight lease over her and somehow control her-some times u have to let her pamper herself-but to buy luxuries which u cannot afford and take a credit for buying the same is really foolish, coz u have to rturn back the money sooner or later.
1 person likes this
@Soniasony (1827)
• India
27 Apr 09
Yes thats really true , its true that people culprit here is more of girls than boys lol anyway thanks for responding.
@somesh1984 (1299)
• India
25 Apr 09
Yes absolutely but I think here one catch is the explorative behaviour of human. We usuallu buy whatever looks good and can fit into our pocket. But yes we need to have serious control on ourselves in this time of recession where economy is heading towards zero inflation.
1 person likes this
@Soniasony (1827)
• India
25 Apr 09
Thats the exact point we should control ..and distinguish whats a need for us and whats just a desire or a want ..Thanks for responding..
@Gyan_guru (364)
• India
24 Apr 09
Credit card is a biggest cheat that has ever happened if you dont pay on time.Their interests are just unpredictable.Hence be very careful before you use and know your cards benefits are actually hidden.
1 person likes this
@Soniasony (1827)
• India
25 Apr 09
Yes the rotatars are the actual customers for the credit card company..Anyway thanks for responding..
@nakula2009 (2325)
• Indonesia
9 Sep 09
i think if you borrow money once the capital should be used later when we get our new shopping