Difference between wants and needs

Edward Jones Financial Advisor Alison Gilman Aquino provides some tips on having discipline when it comes to your money, especially in this recession. For example, it is important to prioritize, and think about needs, versus wants. The needs are what you should focus on first, and then you can play, but it is important to build up emergency savings in order to have a cash cushion, and avoid living paycheck-to-paycheck.