Wants vs. Needs

Things that are required in order to live are known as.....

• Desires
• Needs

• Luxuries
• Wants

Things that add comfort or pleasure to your live are known as ....?

• requirements
• essentials
• necessities
• wants

•  

  ______ and ______ are unlimited and never end

• Endless and everlasting
• Limitless and boundless
• Needs and Wants

• Perpetual and timeless

• 
  Things that you can see and touch are known as ...?

• intangible ideas
• wants

• abstract concepts
• goods

Which one below is an example of a need?

• Food
• Love
• Shelter
• Water

Which one below is an example of a want?

• A new car
• A house
• A college degree
• A vacation to Hawaii

Johnʼs parents are saving up for a big family vacation so theyʼre trying to keep a strict budget. John has asked them for a new bike for his birthday. He says that all of his friends have new bikes and, compared to theirs, his is old and ugly. John found a newer bike online that he has asked them to buy for him. Should his parents buy him the bike?

Sally would like to buy her husband Randy a new guitar for his birthday as a surprise. She knows there is one that heʼs wanted for a long time. Randy is looking for opportunities to play in a band. He isnʼt playing in a band right now, but Sally knows itʼs something heʼs always wanted. The guitar is expensive but Sally and Randy have some money saved up which they are eventually going to use to get a new car. Is the guitar something that Randy needs? Explain

Marshawn is trying to determine if an item at the mall is a NEED or a WANT. Which question will be most helpful?

• Will something bad happen if I don't have this?

• Do any of my friends have this item?

• How happy will this item make me?

• Will my teachers be excited if I buy this item, or will they be disappointed?

Which of the following would be considered a want rather than a need for most people?

• Warm clothes in the winter

• A place to live

• A smartphone

• Nutritious Food