P5 Joy
Tuesday, 20/7/10 issue of LRD Pg 17
Money and Me
I am sure most of you have been told by your parents and elders to ‘spend your money wisely’. This article explains what it means and how you can spend your money wisely.
In our daily lives, it is common to buy things that we either need or want. Before you buy that thing, have you considered whether it is a need or a want? So, what is the difference between a need and a want
A need consists of the basic items that are required for your survival, such as food, shelter and education whereas a want is something that you wish to own but you are capable of living without.
How one can be a wise spender and save some money?
6 comments:
Yes we must save money. we have to choose what we need and what we want eg of need - what we need in our daily lives, shelter and education a want is is something that you wish to own but you are capable of living without eg. hand phone, television so can you live without them??
someone can be a wise spender by thinking whether she/he really needs it or just wants it and someone can save by buying things that more important
examples of needs
-food
-shelter
-educatoin
examples of wants
-hand phone (i phone)
-Mp3
-mac book
in my case I recieve a $ a day
I spend 60 cents on my food and save the rest of it for a rainy day
let's say I've run out of foolscap paper and I am in need of it
I can use the money that I have saved to buy the paper
this way I can become a wise spender
he or she can be a wise spender by choosing the needs before the wants.
Well,our needs are more impotant than our wants so we should spend our money wisely by using our money for our needs more than ou wants.
A person has a two thinkings one is need and the other one is want.It may sound the same but there is a difference between the two of them they are:-let me explian it to you . The need means that you need in your daily life here are some examples;-
-shelter
-food
-water
-air
-etc.....
The want is a thinking that you really like it to be yours and the same time it is not important.You can still live without it...
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