Kids Learning → Financial Literacy → Needs and Wants → What is Needs and Wants

Overview

In this lesson, kids will learn about needs and wants. Needs are things we must have to live, like food and shelter. Wants are things that make us happy but are not essential, like toys or games. Understanding the difference helps us make smart choices with our money. By the end of this lesson, kids will be able to identify their own needs and wants.

📚 Key Learning Objectives

  • ✓ Define needs and wants in their own words.
  • ✓ List three examples of needs.
  • ✓ List three examples of wants.
  • ✓ Explain why it's important to know the difference.
  • ✓ Make a personal list of their needs and wants.