Comments on: Do You Really NEED it? Or Just Want It?

By: Just Got the Car Title Edition: Prime Time Quick Hits | Prime Time Money

Just Got the Car Title Edition: Prime Time Quick Hits | Prime Time Money — Thu, 10 Jul 2008 05:05:37 +0000

[...] from Bible Money Matters explains the difference between needs and wants. Taking the time (i.e. being intentional) to examine major purchases in your life like this will [...]

By: Foxie

Foxie — Tue, 08 Jul 2008 18:08:26 +0000

Ew, Rolls Royce. Certainly not my favorite car in the world, I think I’ve maybe seen one in my life so far? (I’ve seen more Bentleys, for sure. I like Bentley’s styling more anyways…) Either way, those aren’t for me. I like ‘em small and fast.

I can say this, though: Do I need a Ferrari? Nope! But I sure do want one. Not just to have it, though. I want the freedom to have the entire experience whenever I want. (I’d be devastated having to return a Ferrari after renting it for a day.) No, objects can’t make me happy, but experiences can sure cheer me up. I’ve always found driving to be extremely pleasurable, so it’s more of an investment in my passions. (I certainly have no desire for a home any larger than 1,000 square feet. I don’t want to go all out, I want to emphasize those few things in life that are near and dear to me, not “having it all.”)

That’s how I see it, anyhow. And, over time, Ferrari’s have the potential to regain value. Check out the prices of the F40’s and F50’s. Worth more now than when they were brand new!

Foxies last blog post..Is it Really Important?

By: Make it Do…

Make it Do… — Tue, 08 Jul 2008 15:00:08 +0000

[...] reading in the blogosphere: Do you really need it, or just want it?” from Bible Money Matters and Do we really need what we want? by Heather Johnson guest posting at [...]

By: Patrick

Patrick — Tue, 08 Jul 2008 14:44:41 +0000

I want a Corvette (or a BMW), but I know I don’t need one. Instead, I’m saving and investing because y wife and I plan on having children in the future. It’s probably better we don’t have a ‘Vette!

Patricks last blog post..The Remarkable Approach To Your Finances

By: passivefamilyincome

passivefamilyincome — Mon, 07 Jul 2008 11:03:11 +0000

Good inspirational post! I agree with the points you make about waiting it out. If you can avoid the first impulse, most of the time you realize that the purchase is not a necessity and you can live without it. passivefamilyincomes last blog post..Financial Benefits of a DVR

By: Sam

Sam — Mon, 07 Jul 2008 04:38:37 +0000

Nice article. Here in the Philippines, with the inflation rate as high as 14% now, some people still buy stuffs based on their wants. Most do it because they don't want to feel the worstening economy (e.g enjoy life now) but in the end, they end up with empty pockets. Sams last blog post..Things to Think About When Buying Timeshares

By: Lee

Lee — Mon, 07 Jul 2008 04:10:55 +0000

I sure wish I would have read this before I went shopping at WalMart today! Ugh, I really blew it with impulse buys and just buying lots of groceries when I didn’t really need so much. I got the stimulus payment for the children, which I wasn’t sure we were getting, so I got happy spending. Now I’m not so happy. -sigh- You are so right with your post…we really have to think about our wants and needs. And hopefully, we’ll learn from our mistakes…

By: Kevin

Kevin — Sun, 06 Jul 2008 18:31:18 +0000

Completely agree. I have a sense of entitlement that I became accustomed to because of how I grew up. I need to periodically do some self-analysis of my motivation when it comes to money. Am I buying this because of marketing pressures and I think I’ll look cool, or is it really going to provide value for me and my family?

Thanks for the good article.