Life Skills·Money & Finance·conceptual
Needs & Wants
The difference between things we need (food, shelter, clothing) and things we want (toys, treats); that we sometimes have to choose because money is limited
Suggested ages 5–7
Evidence of understanding
- Sort a set of pictures into 'need' and 'want' categories and explain their choices
- Give an example of something everyone needs and something that is a want
- Explain why a family might choose to buy a need before a want
Assessment prompt
If you showed Needs & Wants pictures of a winter coat, a toy robot, and a loaf of bread, could they tell you which ones are needs and which is a want?
Standards alignment
No external standards are linked to this topic.