Needs and wants
A need is something you must have to live, like food, water and clothes. A want is something nice but not necessary, like a new toy or sweets.
Key idea
Pay for needs first, then wants — only if you still have money.
Making wise choices
A responsible spender compares prices, pays for what they buy, and saves part of their money. If something costs more than you have, save up first instead of borrowing.
Worked example
You have RM12 and want a RM30 toy. The wise choice is to save more before buying, not to borrow money you cannot repay.
Remember
- Needs come before wants.
- Compare prices before you buy.
- Save a little every time.