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Teaching Needs vs. Wants

  1. Start Early!
  2. Explain that Needs are things we need to survive, while wants are things we like.
  • Create a chart where you all find pictures and put them in a needs pile and a wants pile.

 

Needs

Wants

 

 

 

  1. Use online tools and games to make learning needs vs. wants fun!

Money Mammals Games

 

  1. Model identifying needs vs. wants
  • While out shopping, let them see you ask yourself “Is this something I need?” “Could I get by without this?” “Is there a cheaper option available?”

 

  1. Let them Practice with their own money!
  • Give them a budget to spend for back to school and help them make wise purchases.
  • Ask questions while they shop to help them identify needs vs. wants.