TLE NEEDS ANDS wants

Tom wants to purchase a new smartphone even though his current one is still functional. What should Tom consider before making this purchase?

• Whether the new smartphone has the latest features

• Whether he can afford the new smartphone without sacrificing essential expenses

• Whether his friends have the same smartphone model

• Whether the new smartphone matches his outfit style

Which of the following expenses is a need rather than a want for a college student?

• Dining out at expensive restaurants

• Purchasing textbooks for classes

• Buying designer clothing for social events

• Renting a luxury apartment off-campus

What should be the primary consideration when deciding between buying a new car and saving for retirement?

• Buying the latest model for prestige

• Investing in a retirement savings plan for future financial security

• Taking out a loan to afford the new car

• Splurging on a luxury vehicle for comfort

Sarah receives her paycheck and has the option to spend it on either a new video game console or her monthly rent. What should Sarah prioritize?

• Buy the video game console for entertainment

• Pay her monthly rent to maintain housing stability

• Save the money for future purchases

• Spend the money on non-essential items

Sarah receives her paycheck and has the option to spend it on either a new video game console or her monthly rent. What should Sarah prioritize?

• Buy the video game console for entertainment

• Pay her monthly rent to maintain housing stability

• Save the money for future purchases

• Spend the money on non-essential items