Question

Please discuss the importance of knowledge and wants? How do our own values, self-belief, FOMO (Fear Of Missing Out) impact the decisions we make about our own personal finances? (150 words)

Answer 1

Well having knowledge and wants is important to have in balance it is good to get some things u want but u also need to keep that in balance with what u need and that’s where ur knowledge comes in this can help keep ur finances in balance and not have it plummet. When we have values we may think we deserve a lot of stuff even if we can’t afford it and also with FOMO we will buy things we don’t need cause we see others having it and we may think we won’t do that but we will it will happen and we will be jealous of what others have those feelings will really affect our discussion on our finances they will make us buy things we don’t need.