“Too many people spend money they haven’r earned, to buy things they don’t want, to impress people they don’t like.”-Will Rodgers

It feels great to earn a paycheck. Whether you work part time in a restaurant, at a mail on weeknds, or at shop in your neighborhood having a job is a big step towards personal growth and independence.

However, sometimes it looks like despite having a job and an income, you still do not have enough money to buy all the things you want. A new jacket, concert tickets or a music player may be things you have wanted. Having savings plan and a budget can help you save for purchases like buying a jacket and bigger purchases like saving for new computer or take that dream professional course. Budgeting is an important step when it comes to successful money management. It allows you to see how much money you earn and spend over a period of time, and helps you to make goos choices for both spending your money for what you thinl you’ll need or want in the future.

An important concept in budgeting and money management is to understand the difference between things that you need and things that you want. Needs are things you must have for survival. Examples include food, water, your home, and clothing. Without food, you wouldn’t be able to live. Needs can also represent things that are key for helping you succeed at something that is important to you. Wants are something that you would like to have, but are not necessary. Wants are things you could put off having right away or you could do without completely. Some examples of wants would be a video gamr, music player or the latest cell phone.


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