Why it is important to know the difference between Needs and Wants and how that knowledge can help you better manage your money ? Use in your own words .

Explanation:

It is important to know the difference between needs and wants to better manage our money this is because spending money on your wants could leave you in a bind for the things you really need. Wants are something you don't necessarily have to have. Needs are things you have to have like hygiene products, an upcoming bill, etc... Now clothes can be a need as well as a want but you have to have the knowledge to know when to draw the line.

b

explanation: