A month ago, I read an excellent post at Budgets are Sexy titled Wants vs Needs: What’s the Difference? I thought it would be interesting to get my daughter’s take on this and provide her a chance to author a guest post, so I turn the blog over to Jane 2.0:
At every age as you get older you will find that you have more and more needs and wants. When you are just a baby everything you need including food, clothing, diapers, are provided for you by your parents.
Now, let’s jump ahead 11 years that’s me, I’m 11. I can provide myself with about 1/8th of my needs and about 1/3rd of my wants. I need food, clothes, shelter and love. Though I can pay for the $80 grocery bill or $60 for a few shirts, that is my parents’ responsibility. My wants like cell phone, designer handbags, and Tiffany jewelry are my responsibility. What I am trying to get out here is that as you get older you can provide yourself with your needs. Also as you get older you have more job opportunities which means more money to pay for your wants. Being 11 the only ‘income’ I receive is a weekly allowance, money for mothers’ helping and watering neighbors’ plants.
(Thanks, J2, now go do your homework! Dad. aka Joe)