Save first, live off the rest.
Maslow’s hierarchy of needs
to illustrate the difference between necessities and luxuries. “If we had a pyramid of different things that we need, the very bottom of the pyramid is our physical needs—food, water, shelter, clothing—anything above that are metaphysical needs … [such as] feeling like we belong or feeling like we’re part of a tribe,” Ho says.
The world has convinced us that we can meet our need to look good and be social by spending money. Finding free or lower-cost ways to fulfill these needs can lead to more savings in the bank. For instance, shop secondhand stores for designer outfits instead of splurging, or host after-work drinks at your house with a fewNow that much of the country is social distancing, you may be forced to cut back on discretionary spending anyway.
saves you a few dollars. And if you’re not loyal to a particular brand, scan the shelves for a less expensive canned good.
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