Needs and Wants

• Use money for needs first.
• We must meet our needs so that we can continue with our lives better.
• Wants improve the quality and comfort of our lives.

Saving and Investment

Savings are usually earmarked for short-term goals, while investments are more appropriate for long-term goals such as retirement.

• We need to keep money in any bank of our choice. The money is useful for further education later. Our lives will be more comfortable in the future.
• We are encouraged to invest money by donating to people who are more in need such as flood victims. This can ease their burden.