Question: However, by consciously evaluating the difference between needs and wants, I can allocate my financial resources more efficiently Needs include expenses such as food, utilities,

However, by consciously evaluating the difference between needs and wants, I can allocate my financial resources more efficiently Needs include expenses such as food, utilities, transportation, and housing, which are needed for survival and daily functioning On the other hand, wants include expenses that provide enjoyment or satisfaction but are not essential for basic needs By prioritizing needs over

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