Question
Danaisha does all her grocery shopping at organic markets and has a monthly grocery bill of 325. Charles says that Danaisha is wasting her money on wants instead of focusing on needs . He buys in bulk , uses coupons, and shops at Save-More for a monthly bill of 195. . Who's budgeting correctly for food? Both, because needs vs wants are determined on an individual basis Danaisha, because she is focusing on her health , which will have a guaranteed payoff in the long run Charles, because he's taking efforts to save money by focusing on his needs only Neither, because they should meet in the middle somewhere. Charles should focus more on health, and Danaisha should cut her spending 2p
Answer
4.2
(211 Votes)
Elton
Professional · Tutor for 6 years
Answer
Both, because needs vs wants are determined on an individual basis.
Explanation
Budgeting for food involves personal values, preferences, and individual circumstances. Danaisha prioritizes organic, possibly healthier food, which may align with her health-focused needs and values. Charles prioritizes cost-saving through bulk purchases and coupon use, reflecting his focus on financial efficiency. Psychology examines individual behaviors and motivations, illustrating that there is no universal "correct" way to budget as it depends on personal needs and goals.- Danaisha's choice suggests she values long-term health benefits which she perceives can be gained through organic food.- Charles's choice reflects his preference for immediate financial savings and efficiency.The perspective on needs versus wants is subjective and influenced by personal principles, circumstances, and priorities. Therefore, both can be seen as budgeting correctly based on their personal motivations and situations.