Financial Literacy: Needs and Wants

It's important to spend money on things you need before spending money on things you want.

• True
• False

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.4.1

CCSS.RL.5.2

Which of the following is an example of a want for most people?

• A warm jacket
• Transportation
• Ice cream

Which of the following is an example of a need for most people?

• A place to live
• A nice car
• Designer jeans

Tags

CCSS.RL.3.9

CCSS.RL.4.2

CCSS.RL.4.9

CCSS.RL.5.2

CCSS.RL.5.9

Something you have to have such as food or water.

• savings

• needs

• wants

• borrow

Tags

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

CCSS.RL.5.2

Something you like to have such as toys.

• borrow

• saving

• needs

• wants

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Something you make to help you spend or save money wisely

• finance

• budget

• withdrawal

• wants

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Jack wants a new phone, but he needs a new notebook for class.  What should he do?

• Buy the notebook and put away money for the phone.
• Buy the phone and put away money for the notebook.
• Buy the notebook and tell Brennon to buy him the phone.
• Buy the phone and use Brennon's notebook for a while.

Tags

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.7.3

What is one way Ryland can earn money?

• He can open a lemonade stand.
• He can donate to a charity.
• He can read a book about jobs.
• He can volunteer at the library.

Tags

CCSS.RI.1.1

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.2.1

CCSS.RL.3.1

Why do people need jobs?

• because they are bored
• to earn money for needs and wants
• because kids are in school all day
• to volunteer

Tags

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.1.1

CCSS.RL.2.1

CCSS.RL.3.1

Is a television a need or want?

• Need

• Want

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4