Here’s a good rule about money: It is very important to put your needs first. That’s why it is important to know the difference between your needs and your wants. Before you start planning how to use your money, let’s be clear about the difference between needs and wants.
Your values are the ideas and beliefs that really matter to you. Your values will determine what you will do with your money. Asking yourself, “How do I use my money now?” will tell you a lot about your money values.
People use money in two ways:
1. To buy things they need or want now.
2. To save for things they may need or want later.
It’s not about how much money you have, but how you use your money. It is all about the choices you make.
As you work through the topics on this website, you may come across terms you don’t know. New terms are often bold and underlined – if you click on the word or phrase, you’ll be redirected to our Glossary page where you can read the definition.
You can also find a link to the Glossary in the footer at the bottom of every page.