Comments on: Needs and Wants, getting REAL about Money http://www.fortunewatch.com/needs-and-wants-getting-real-about-money/ Money Is Power Sat, 28 Jan 2012 15:42:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Althea http://www.fortunewatch.com/needs-and-wants-getting-real-about-money/comment-page-1/#comment-2822 Althea Sat, 31 Mar 2007 12:31:46 +0000 http://fortunewatch.com/?p=106#comment-2822 I like your article and it’s so true. The following information was taken from the book “The Insider’s Guide To Saving Money” by Michael Ellenbogen. “Cutting back does not necessarily mean giving something up all together, but rather finding a less expensive way to do it. Let us say, for example, that each morning you stop by your favorite coffee shop and buy a cafe latté. It costs $3.00, or $15.00 per week. Another option is that you could stop by a local convenience store and buy your coffee for $1.00. You would save $10.00 per week or $520.00 per year. Not bad for a minor adjustment. If you took the $10.00 savings each week and invested it at a 5 percent return, after 20 years you would have over $17,600.00. Not bad for altering one buying habit. Most people have more than one cup of coffee a day. Just think of those savings. You could even make your own coffee at work, which would save you even more.” This book was a real eye opener, on the amount of money I have been wasting on cigarettes and so many other things. The savings added up quickly. I will be saving over $86,000.00, over 20 years because I stopped smoking 1 ½ packs per day. I like your article and it’s so true. The following information was taken from the book “The Insider’s Guide To Saving Money” by Michael Ellenbogen. “Cutting back does not necessarily mean giving something up all together, but rather finding a less expensive way to do it. Let us say, for example, that each morning you stop by your favorite coffee shop and buy a cafe latté. It costs $3.00, or $15.00 per week. Another option is that you could stop by a local convenience store and buy your coffee for $1.00. You would save $10.00 per week or $520.00 per year. Not bad for a minor adjustment. If you took the $10.00 savings each week and invested it at a 5 percent return, after 20 years you would have over $17,600.00. Not bad for altering one buying habit. Most people have more than one cup of coffee a day. Just think of those savings. You could even make your own coffee at work, which would save you even more.”

This book was a real eye opener, on the amount of money I have been wasting on cigarettes and so many other things. The savings added up quickly. I will be saving over $86,000.00, over 20 years because I stopped smoking 1 ½ packs per day.

]]> By: zakman http://www.fortunewatch.com/needs-and-wants-getting-real-about-money/comment-page-1/#comment-2821 zakman Sat, 31 Mar 2007 03:24:03 +0000 http://fortunewatch.com/?p=106#comment-2821 I'd think there's also a 'death trap' or the proverbial 'vicious circle' in play here. I achieve some success, and as Robin points out, my 'wants' become my 'needs', and I fall into that attraction for the materialistic. And when my so-called 'wants' fail to make me happy, I go into my auto mode, and buy more stuff, thinking that will make me happy. I'm not happy with 500 TV channels. I'll be happy if I had 510. I’d think there’s also a ‘death trap’ or the proverbial ‘vicious circle’ in play here.

I achieve some success, and as Robin points out, my ‘wants’ become my ‘needs’, and I fall into that attraction for the materialistic.

And when my so-called ‘wants’ fail to make me happy, I go into my auto mode, and buy more stuff, thinking that will make me happy.

I’m not happy with 500 TV channels. I’ll be happy if I had 510.

]]> By: Jonathan-C. Phillips http://www.fortunewatch.com/needs-and-wants-getting-real-about-money/comment-page-1/#comment-2823 Jonathan-C. Phillips Fri, 30 Mar 2007 20:42:35 +0000 http://fortunewatch.com/?p=106#comment-2823 Really well-written post Robin! that is the kind of topics that gets my attention right away! Confusing needs and wants is something we all do to a certain level, and it can be hard to differentiate the 2... Keep up the good work, it's always a pleasure to visit your blog! :) Really well-written post Robin! that is the kind of topics that gets my attention right away! Confusing needs and wants is something we all do to a certain level, and it can be hard to differentiate the 2…
Keep up the good work, it’s always a pleasure to visit your blog! :)

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