do you agree or disagree, why or why not. any additional input?????

Let the two goods in this scenario be a new phone and semester fees (for something like an honors society and clubs). In terms utility, a consumer will buy the good that has more use to them. Say you have an iPhone 5C, which considering the year, that model is old. You see everyone around you has a bigger, newer phone - with three cameras and everything. But you know that your phone works perfectly fine - you can take pretty pictures, have access to the same filters, send emails, and the battery is still fine. You really don't need a new phone, but since you see everyone else has a new one, you want to buy one too. You could argue that a new phone would get you more utility, but in reality most people just need something that has the basics. On the other hand, maybe you're also in college and also need to pay semester fees for some honors society, which is a very important organization to you. But you make minimum wage, and you won't ask parents for money. (For the prices: the phone costs $500 and your semester fees add up to $160, so two semester is $320. ) In this case, the semester fees are a necessity, and the phone is not. On an indifference curve, (if New Phone is on the y-axis and Semester Fees are on the x-axis) then there would be a dot at the 1 for the y-axis (you only need one phone) and at 2 for the x-axis (two semesters in a year). The curve is very far in.

We also have to take into account the budget constraint before we make a decision. Since you're still a student, and most of your wages go into a savings account, you only keep $800 in your checking account. You can only spend this much at the moment. Obviously you're not going to want to buy a phone right now, because if you do, you won't be able to pay your fees. So, even though you might want a new phone, the one you have now is just fine, and you choose to pay your fees.

I always think ahead this way before spending my money. Most of my wages go into a savings account, and ever since starting college, I've really only used money for tuition, fees, and gas. If I want to buy something, I make sure to ask myself if this is aneedor awant. Usually "wants" only bring short-lived happiness, and "needs" always come before wants. For example, there was I dress that I saw last week on ThredUp, and it was $25 dollars. I don't even really go out so and I have a dress I like already, so I didn't really need it. I told myself that maybe I can buy it if I win a gift card or something, but I won't buy it otherwise. Someone else already bought it anyway, so it's sad but it's better to save money for things that I really need.