Needs, Wants, and Sneaky Spends: Rethinking Expense Categories

When it comes to managing your finances, understanding how to classify your expenditures can drastically alter your financial health. It's easy to fall into the trap of mindless spending, especially when society often nudges us toward instant gratification. However, categorizing expenses into needs, wants, and those sneaky little spends can provide a robust framework to make savvy financial decisions.