WorksheetsWants Needs and Priorities
Total questions: 20
Worksheet time: 10mins
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?
Needs → Wants → Savings
Savings → Wants → Needs
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?
Movie ticket
Science textbook
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?
Peer pressure
Social media trends
Personal needs, values, and goals
What’s fun today
Dayo has £500. He wants a football jersey (£300), but he also needs to buy science materials (£250). What should be his priority?
Buy the jersey
Buy both
Science materials
Skip both
If Ada’s phone case is broken and she also wants new shoes that she doesn't need right away, what should she do?
Buy the shoes
Wait and fix the phone case first
Spend all her money now
Ask a friend
Seyi wants to save up for a laptop. He earns £50 weekly from chores and has a target of £2000. What financial skill is he practicing?
Wanting
Impulse buying
Budgeting and delayed gratification
Spending freely
In a school project, you’re given a budget of £300. You must buy markers (£100), stickers (£80), and snacks (£50). You can’t afford it all. What should be left out?
Markers
Stickers
Snacks
All three
Kene gets £100 as a gift. He lists his options: snacks (£20), new notebook (£60), and a toy (£30). What is the best way to prioritize?
Snacks, toy, notebook
Notebook, snack, save rest
Toy first
Spend all on snacks
You want a bicycle that costs £1,000. Your parents say you must save half. You earn £100 a week from chores. How many weeks will it take to save £1000?
10 weeks
5 weeks
12 weeks
4 weeks
What might you give up to reach your goal?
Buying snacks or phone credits weekly
Watching movies at the cinema
Extra shopping trips
All of the above
Ama earns £50 for helping clean the house. She wants sweets (£10), needs pens for school (£20), and wants to save. What is the best way to spend the money? What is the best priority order and amounts?
Buy sweets (£10), pens (£20), save £20
Save first (£20), buy sweets (£10), skip pens
Buy pens (£20), sweets (£10), save the rest (£20)
Spend all on sweets and fun
Tunde’s shoes are too small. He also wants a toy car. He has enough for only one. What should he do, and why?
Buy the toy car it’s more fun
Buy new shoes they’re a need and more important
Save the money and not buy anything
Borrow both items and worry later
Chika is invited to two events: one is a free leadership camp, and the other is a paid theme park visit. She has money for only one. How should she decide?
Go to the theme park because it’s more exciting
Skip both and stay home
Choose the leadership camp it’s free and builds her future
Ask someone else to decide for her
