Today, we’re going to discuss the four questions you should ask yourself before spending your hard-earned money on anything.


Do I:

1) Need it?

2) Love it?

3) Like it?

4) Want it?


Let’s talk about your needs first.

Needs are the very basics, like food, shelter, or clothing. A need is something you must have in order to live. You need shelter to protect your family and without food, you can’t survive.


Next, come up with two things you love.

Understanding what you love is key. Things we like and want tend to cost less money and take less patience to acquire. On the other hand, things we love tend to cost more and take more sacrifice to obtain.


Drawing a blank on what you love?

Consider this: If you had Oprah’s bank account, what would you do? Choose two of the things that you imagine yourself having or doing; they’re the financial loves of your life.


In order to save more money, it’s important that we make the switch to a purposeful and passionate financial life.

Needs = purpose

Loves = passion


Spending less money on likes or wants means you’ll have more money for savings and passions that add abundance to your life. We’ll talk about this more later in the Challenge. Keep in mind that you don’t have to cut out every single one of your likes and wants. It’s just important that you establish priorities.


After you’ve put some thought into each category, share your loves with me in the comments and with your accountability partner. When you reach out to your partner ask them, “What are your loves?”.

It’s important to define them now. They will help you to focus when you’re tempted to spend.


Also, don’t forget to spread the wealth and share today’s task with your network on socials.


Instagram: @thebudgetnista

Facebook: The Budgetnista

Forum: Savings Challenge Private Community  (if you’re not already a member.)


Live richer,

Tiffany “The Budgetnista”


A Freebie: Have you saved and printed the Live Richer Starter Kit yet? It’s full of awesome freebies. Click the picture to get your kit.


Link not working? Go here: http://thebudgetnista.com/wp-content/uploads/2022/12/lrc-savings-edition-starter-kit.pdf


Want to work through the Live Richer Challenge: Savings Edition in a workbook? It’s already an Amazon Bestseller!

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  • Vicki

    Thus far, I have learned the importance of credit utilization and daily or weekly check ups on your credit activity and inquiries.

  • I thought it was super helpful to break down all the non essentials into multiple emotional attachment levels. I feel like I expected more to be in the lower wants categories so I may need to do some self reflection on why those lower ones are so bare.

  • My goal is peace, including financially. I love freedom of choice, providing our needs and teaching my sons by example. I like being proud of my Self. My wants are travel, easy gifting.

  • Needs -house, car, savings, flexible job
    Loves – Westies, cats, yoga, gardening, flea markets
    Likes – reading, self-help, volunteering
    Wants – to be debt free!, for my son to find his career calling and a stable full-time job

  • NEEDS: Fulfilling career, a comfortable home, a reliable/practical vehicle, basics (clothes, food, running water, electricity, etc.), strong support system, regular self-care

    LOVES: Family time/outings, walks, floating (on a river, salt tanks), flower/plant shopping, farmers’ markets, planning, travel, conversing about any- and everything, learning something new EVERY DAY

    LIKES: Helping others, reading, writing, crafts, sewing, bowling, movies and popcorn, game nights, good food and drinks, day/road trips, camping

    WANTS: Financial freedom, my children to reach the same freedom, and to not just “roll with the punches” through life

  • I have learned that my monthly payments determine how likely a lien holder, merchant and anyone I’m applying for credit with say an apartment lease, a home or maybe a new car views my score as a blueprint to determine if they’ll get their money on time and the likelihood of being paid.

  • Meanwhile, I’m researching possibilities of creating wealth and as the French say, de’ un’ certain age’ (I’m of a certain age), now, that I’m sure my best days are not behind me, but waiting ahead of me.

  • I was unable to access my credit report using the buttons and link. I have learned this far some basics of credit. And how it impacts your purchase power.

  • My needs are to be able to have nutritious food, a comfortable place to live. I want to achieve financial freedom. I like nice things, I like to travel and I like to shop. I love my family, I love my freedom, I love peace.

  • Need: to get my finances together
    Love: to see the finished products of my creations and rebuild my savings
    Likes: to learn how to become more financially independent and stable
    Want : my business to thrive and be more productive daily with my business

  • I love knowing that my bills are paid, my child, family and i needs are taking care of but I really would love to do something or reward myself sometimes and even be able to say something from my earnings.

  • My first love is travel. I love international travel and can’t wait to go back to Italy. My second love is genealogy. I love to do research in communities and towns my ancestors lived in. I enjoy visiting old court house and churches and meeting people to learn about the community.

  • I don’t feel like I’m spending my money excessively because most of the time I buy what I need and love, but I don’t like to deprive myself of something that I want.

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