🛒 Needs vs. Wants
1st Grade 💰 Money & Economics
Needs are things we must have to live — food, water, clothes, a home. Wants are things that are nice to have but we can live without.
Needs
Food, clean water, clothing, shelter and health care are needs.
Wants
Toys, video games, candy and the newest sneakers are wants. Wants are fun, but they come after needs.
Smart choices
When you spend money, ask: "Is this a need or a want?" Families pay for needs first, then decide which wants fit the budget.
Quick quiz
Which is a need?
Which is a want?
What should be paid for first?