By "need," I don't necessarily mean need. Make sense? Every month or so, you'll hear people talk about something they need. But, these things may not always be necessities. Sometimes needs are really wants. There's nothing wrong with buying needs (wants) so long as you have the money to pay for them. Rather than buying these "needs" today on credit, it is important to save up and purchase them outright. And, by waiting to buy these "needs," you may realize they're just wants and you don't want them as much as you thought. It's important to get into this frame of mind at a young age. We live in a time when you can have whatever you want, whenever you want (within reason). But, it'll cost you.

Stop and think about these "needs". You're only fooling yourself.