1. Drawing up a monthly budget is the best way to ensure you do not spend more than necessary by knowing what you can and cannot afford.
  2. Knowing the difference between a “want” and a “need” can help you save money. Many of the items we spend money on are things we want.
  3. Until the money is in your account, it is not yours, don’t spend it. Many moneymaking ventures are not guaranteed, and it’s not wise to gamble with what “may be.”
  4. Needs are the very basic things that people must have to survive. Wants are the things that make life more interesting and fun. In other words, you could live without them if you had to.