Susan needs some new shoes to wear for work and she wants them to last. She asks her friends for advice:Jane says she should get the most expensive pair because all the cool people are wearing them.Phillipa says she could get the cheapest pair because she will only wear them at work.Mary says she should get a medium-priced pair because they will last longer than a cheap one.Who’s advice is best?

As long as we have enough to pay our bills, what we do with the rest of our money is up to us. But we would be wise to save as much as we can. We must also know the difference between needs (food, shelter etc) and wants (latest phone, etc.).