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 It was about 1997 when my dad first gave me the "Is that a want or a need?" talk. I was a kindergartner who really wanted chocolate milk at the Soda Shop, a local diner in my hometown of Davidson, North Carolina. The speech went over my 6-year-old head, but the conclusion of the message stuck — never ask for chocolate milk at a restaurant. Order water, because it's free. I learned that afternoon that chocolate milk qualifies as a want and water as a need. As I got older, I started to figure out how other things fall under these two categories. I learned that the new pair of Sambas I'd been eyeing counted as a want but tennis shoes counted as a need since I traveled for tennis tournaments every weekend. At first I was guided by my dad and his definitions of wants and needs, but eventually I formulated my own definitions. I noticed that the chocolate-milk column grew exponentially quicker than the water column — luckily for childhood me, I knew not to dare touch the want column. Sure, it was helpful to develop this frugal lifestyle centered around "need buying" as a high schooler and college student, but my dad's lesson has become more valuable than ever upon entering the real world, where to stay afloat with minimal income in an expensive city like New York you have to distinguish between needs and wants. What this distinction does is it makes you a diligent and conscious spender, a habit that takes time to form — a habit that a personal-finance book or class can define but never truly teach. That 1997 chocolate-milk lesson looms over every purchase I make. I first determine whether I'm buying a want or a need, and, if it's a want, I weigh the pros and cons before mindlessly spending. Of course there's always a time and place for a chocolate milk — the occasional splurge keeps you sane — but for the most part, I'll be the one with the glass of water. SEE ALSO: I spent only cash for 2 weeks — and I can't believe how much money I saved | 
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