Needs vs Wants

​Needs vs Wants

​Needs

​The things we need in order to survive or take care of our basic necessities

​Wants

​Things that add joy or comfort to our life

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​Needs vs Wants

​It's important to determine what you really need and what you really want Watch this video from Columbia College to learn more about how you can distinguish between the two.

Multiple Choice

Need or want?

Clothing

• NEED

• WANT

Multiple Choice

Need or Want?

Lambourghini

Open Ended

When deciding if you should buy something, what can you ask yourself to determine if the item is a need or want?​

Open Ended

Why do you think people spend so much money on their wants despite the financial costs?​

Open Ended

Do you believe that the more stuff someone has the wealthier they are?

Why or why not?

​What is wealth?

​Many people think that being wealthy means you own "a lot of stuff". However, it turns out that the number of things you have does not determine your wealth. Watch this video from Marketplace to learn more about what wealth actually means.

https://drive.google.com/file/d/0Bwiv_vu1yOHcal9URlA3TDh4elU/view?resourcekey=0-2L4AbKJcxkBKrEGGUwz3Vg​

Open Ended

Based on what you just saw in the video, answer this question:

You and your friends notice a classmate who always has brand new clothes, shoes, and electronics.  What would you need to know in order to tell if this classmate’s family is actually wealthy?​

​Today's assignment:

​Needs & Wants Graphic Organizers

• Go to Canvas to access​ the assignment

• You will be finding a minimum of 5 examples of needs and ​a minimum of 5 examples of wants online (using pictures)

• You will insert those pictures into the graphic organizer

• Upload to Canvas for grading when you're done.​

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