Wants Needs and Priorities

Which of the following is a need?

• A school uniform

• A gaming headset

• Designer shoes

• Movie tickets

What is a want?

• Something we need to survive

• Something that’s fun but not necessary

• Something required for safety

• Something given for free

Which of these shows the correct order of priorities when spending money?

• 1. Needs → Wants → Savings

• 1. Savings → Wants → Needs

• 1. Needs → Savings → Wants

• Wants → Needs → Savings

Why is understanding the difference between needs and wants important?

• To spend money faster

• To impress friends

• To make better choices with limited money

• So you never have to save

Which of the following would not be a good financial priority?

• Paying school fees

• Replacing torn school shoes

• Buying snacks every day

• Buying medicine when you're ill

What is the best way to decide what your priority is?

• Ask your friends

• Pick what’s most fun

• Think about what’s most important and urgent

• Choose the cheapest thing

If you had £200 and needed to choose between buying a science textbook or a movie ticket, what is the better priority?

• 1. Movie ticket

• 1. Science textbook

• 1. Both

• Candy

Wants and needs are the same for everyone.

• False

• True

Which of these is a smart financial decision for a teen?

• Buying everything you like

• Saving before spending on wants

• Ignoring your needs

• Spending because others are

When making money decisions, what should guide your priorities?

• 1. Peer pressure

• 1. Social media trends

• 1. Personal needs, values, and goals

• What’s fun today