Budget limits really affect what we choose to buy. I’ve seen this in my own life. When I want something—like the newest phone or trendy sneakers—I have to think about how much money I actually have. This idea is called a budget constraint. It means there’s a limit on how much we can spend based on what we earn.
Choosing Needs vs. Wants
Making Smart Choices
Looking for Alternatives
In short, budget limits help shape our choices, making us think smarter about how we spend our money.
Budget limits really affect what we choose to buy. I’ve seen this in my own life. When I want something—like the newest phone or trendy sneakers—I have to think about how much money I actually have. This idea is called a budget constraint. It means there’s a limit on how much we can spend based on what we earn.
Choosing Needs vs. Wants
Making Smart Choices
Looking for Alternatives
In short, budget limits help shape our choices, making us think smarter about how we spend our money.