Hello my wonderful Grade 5 superstar! 👋
I'm Kashef and today we're learning about Needs vs Wants! Needs are things we MUST have to stay safe and healthy. Wants are things we would LIKE to have but can live without. Understanding the difference helps us spend money wisely. Ready to become smart shoppers? Let’s go! 🚀
❤️ Needs — Must Have!
🍎 Healthy food
🥤 Clean water
👕 Clothes to stay warm
🩹 Medicine when sick
📚 School and learning
🎮 Wants — Nice to Have!
🍦 Ice cream
🎨 Fancy toys
👟 Cool sneakers
📱 Latest phone
🎟️ Movie tickets
🔄 Needs vs Wants Examples
Food: Rice and vegetables = Need | Candy and chips = Want
Clothes: Warm jacket in winter = Need | Fancy party dress = Want
Transportation: Bus pass to school = Need | New bicycle for fun = Want
🎯 Let’s Sort Needs and Wants!
1. Is a warm winter coat a need or a want?
2. Is a new video game a need or a want?
3. You have $20. You need lunch ($8) and want a toy ($15). What should you do first?
🌍 Needs vs Wants in Real Life
🛒 At the grocery store: milk and bread = need, cookies = want
🎒 School supplies: pencils and notebook = need, fancy erasers = want
🏠 Family budget: rent and food = need, new TV = want
🧪 Quick Needs vs Wants Quiz
Question: Buying medicine when you are sick is a...
You are a Wise Money Chooser! 🎉🥳
Kashef is super proud of you! You can now tell the difference between needs and wants.
Taking care of needs first and saving for wants is the secret to being smart with money. You’re doing a fantastic job!