Remember to distinguish your needs from your wants. Generally, needs are things you need to survive and that are necessary for you to maintain a living: shelter, food, transportation, limited phone service. Creating an emergency budget, which is the lowest amount of money you can survive on every month, is a great exercise to help you distinguish between needs and wants. Be especially careful in thinking about those things you “need” for your job or career. Yes, you may need a car to get to work, but that does not mean you have to get the latest and greatest vehicle; either way, you’re just getting to work.