Needs vs. Wants & Smart Spending

Which of these is a need?

• Concert ticket

• Rent

• Designer sneakers

• Netflix subscription

Which of these is a want?

• Groceries

• Doctor's visit

• Unlimited data plan

• Basic cell phone plan

What does it mean to prioritize your money?

• Spend it only on fun things

• Decide what is most important first

• Always save all of it

• Give it away to others

If you only have $50, which choice shows a smart priority?

• Buying new video game

• Paying phone bill

• Going to a movie

• Ordering delivery food

Which is the best example of a choice between a need and a want?

• Paying rent vs. buying groceries

• Doctor's visit vs. concert ticket

• Taking subway vs. eating food

• Buying water vs. paying rent

Which is both a need and a want depending on the situation?

• Medicine

• Chocolate

• Video games

• Jewelry

Why is it important to know the difference between needs and wants?

• To always buy wants first

• To make better spending decisions

• To make life more fun

• To never spend money

Which of these is a need in winter?

• Warm coat

• New video game

• Concert ticket

• Starbucks coffee

Which of these is a want?

• Medicine

• Rent

• Designer handbag

• Groceries

What is a budget?

• A list of wants

• A plan for spending and saving money

• A way to make more money

• A shopping list