Needs vs Wants Flashcard

Front

What are the three basic necessities needed for survival? Options: Food, clothes, and money; Food, clothes, and shelter; Money, clothes, and shelter; Food, money, and shelter

Back

Food, clothes, and shelter

Front

What is the difference between a need and a want?

Back

Needs are essential, wants are desires.

Front

Why do adults sometimes say no when you ask for things?

Back

Because they want to save money

Front

What are some other costs that adults are responsible for?

Back

Utility bills, insurance, and unplanned expenses

Front

Can you go a year without buying any wants?

Back

No, it would be very difficult

Front

How do advertisements influence the way you spend your money?

Back

They help me make informed decisions.

Front

What is the purpose of using jingles in advertisements?

Back

To make the advertisement memorable

Front

Why does the millennial generation spend more than they earn?

Back

Because they want instant gratification

Front

What is the main message of the video about not buying unnecessary things?

Back

To focus on experiences rather than material possessions