It’s important to examine your spending habits, to evaluate not just what you’re spending your money on, but why are you spending money on these items? This process will allow you to understand the difference between your individual wants and needs. This is not to say you should never buy things that you simply want but don’t need. It’s simply a reminder to be sensible about your spending. Many of us could eliminate a significant portion of us unwarranted spending if we’d just take the time to ask ourselves, “Is this something I truly need or something I simply want?”