You don’t differentiate wants from needs
It might seem quite difficult to separate your wants from your needs; in fact, most people can’t do it, says Grayson Bell, personal finance blogger at Debt Roundup. But it’s not impossible. Instead of using the word need for everything you want to buy, take a step back and think twice before making a purchase. See if you really need it.
Sure, you’ll need a car to move around but do you really need the luxury model? The moment you’ll be able to get rid of this mentality is the moment you’ll also stop being poor, says Bell.
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