They are in real trouble. If they do not have the debt they can make up a new want list and they will probably discover a new refrigerator is right at the top. A well constructed, properly used want list can help you spend your money on things you really want, rather than blowing money on momentary whims. It can actually help you do a better job of buying and getting good value for your money, too. When purchases are scheduled and written down, adequate examination of the purchase is more likely to occur than when a purchase is made hurriedly.
Timing also improves.
For example, purchases can be scheduled during periods when the items are most likely to be on sale. The benefits of a want list can be substantial. The want list can create more problems than it solves. Some people don't have much buying discipline. The mere process of writing all their wants down on paper gets them excited.