If you are to cut down your wants (the 30%) by half to free up funds, which would go first?

[King Belieal]

Our wants are those things that we desire that are not basic needs. We spend on wants after we have spent on needs, savings and investment.

If you want to free up funds now, and the strategy is to cut down wants, which non essential expenses would you let go first?

 

[Fidelia]

The wants I'd cut down is my cravings for parties. The amount of money I spend on each occasion is quite alarming especially because I can do without having to attend parties.

 

[Kera]

Just maybe, I would cut down on my desire to get new clothes. That can help me free up some much needed funds.

 

[Augusta]

I think all forms of junk foods would go first. I have been spending too much of it lately

 

[Suba]

There are various needs out there ranging from primary, secondary and tertiary needs, so of course the ones that must be reduced first are tertiary needs such as a nice car and house, secondly we can also reduce secondary needs such as the latest gadgets, holidays etc.