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Worksheets

Wants Needs and Priorities

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following is a need?

a)

A school uniform

b)

A gaming headset

c)

Designer shoes

d)

Movie tickets

2.

What is a want?

a)

Something we need to survive

b)

Something that’s fun but not necessary

c)

Something required for safety

d)

Something given for free

3.

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

a)
  1. Needs → Wants → Savings

b)
  1. Savings → Wants → Needs

c)
  1. Needs → Savings → Wants

d)

Wants → Needs → Savings

4.

Why is understanding the difference between needs and wants important?

a)

To spend money faster

b)

To impress friends

c)

To make better choices with limited money

d)

So you never have to save

5.

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

a)

Paying school fees

b)

Replacing torn school shoes

c)

Buying snacks every day

d)

Buying medicine when you're ill

6.

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

a)

Ask your friends

b)

Pick what’s most fun

c)

Think about what’s most important and urgent

d)

Choose the cheapest thing

7.

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

a)
  1. Movie ticket

b)
  1. Science textbook

c)
  1. Both

d)

Candy

8.

Wants and needs are the same for everyone.

a)

False

b)

True

9.

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

a)

Buying everything you like

b)

Saving before spending on wants

c)

Ignoring your needs

d)

Spending because others are

10.

When making money decisions, what should guide your priorities?

a)
  1. Peer pressure

b)
  1. Social media trends

c)
  1. Personal needs, values, and goals

d)

What’s fun today

11.

Dayo has £500. He wants a football jersey (£300), but he also needs to buy science materials (£250). What should be his priority?

a)

Buy the jersey

b)

Buy both

c)

Science materials

d)

Skip both

12.

If Ada’s phone case is broken and she also wants new shoes that she doesn't need right away, what should she do?

a)

Buy the shoes

b)

Wait and fix the phone case first

c)

Spend all her money now

d)

Ask a friend

13.

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?

a)
  1. Wanting

b)
  1. Impulse buying

c)
  1. Budgeting and delayed gratification

d)

Spending freely

14.

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?

a)

Markers

b)

Stickers

c)

Snacks

d)

All three

15.

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?

a)

Snacks, toy, notebook

b)

Notebook, snack, save rest

c)

Toy first

d)

Spend all on snacks

16.

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?

a)

10 weeks

b)

5 weeks

c)

12 weeks

d)

4 weeks

17.

What might you give up to reach your goal?

a)

Buying snacks or phone credits weekly

b)

Watching movies at the cinema

c)

Extra shopping trips

d)

All of the above

18.

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?

a)

Buy sweets (£10), pens (£20), save £20

b)

Save first (£20), buy sweets (£10), skip pens

c)

Buy pens (£20), sweets (£10), save the rest (£20)

d)

Spend all on sweets and fun

19.

Tunde’s shoes are too small. He also wants a toy car. He has enough for only one. What should he do, and why?

a)

Buy the toy car it’s more fun

b)

Buy new shoes they’re a need and more important

c)

Save the money and not buy anything

d)

Borrow both items and worry later

20.

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?

a)

Go to the theme park because it’s more exciting

b)

Skip both and stay home

c)

Choose the leadership camp it’s free and builds her future

d)

Ask someone else to decide for her