During this festive season, many of us indulge in shopping to “spruce” up our lives. Buying the luxurious Louis Vuitton handbag, a luxurious watch or the latest gadget are some ways of how people enhance their lives. However, let’s take a step back and decide if we really need those things. Is the latest watch a “want” or a “need”? What will happen if we did not buy that watch? Will our lives be worst off? A want is something that is good to have. If you do not have it, it doesn’t make you worst off. A need is something that you have to have. If you do not have it, it might make you worst off. Examples of wants  include a new watch even if you already have a working one, the ...