Needs vs. Wants


Oh the painful lesson of realizing that even though we really want something, we don't actually need it!  While we can know intellectually the difference between the two, it is sometimes much harder to distinguish emotionally.

Display a random assortment of items that includes some things that are "needs" and some that are "wants."  Group the "needs" together and the "wants" separately, but do NOT label them.  Allow your students some time to study the items and make observations.  Hold a class discussion based on the students observations. See if anyone can figure out why you have grouped them separately.  This will of course lead you into discussing the definition of a "need" vs. a "want." 

Interactive notebook and center activities to teach personal finance to K-2 students. Includes: goods and services, needs and wants, producers and consumers and more!
Needs vs. Wants

To follow up your discussion use this simple sorting activity designed to help primary students begin to make the distinction between basic needs and personal wants.   Their parents will thank you if you can make this concept stick! 

Interactive notebook and center activities to teach personal finance to K-2 students. Includes: goods and services, needs and wants, producers and consumers and more!

This activity can be used several ways.  One, as a learning station. Just laminate and cut several sets of the picture cards and have students sort them and then record their findings with the included checklist.  Or two, you can give each student their own set of cards to cut, sort and glue on to construction paper attaching the recording sheet to the back side or using it later as an assessment tool.

If you like this activity you can purchase it along with several other like it that cover early financial literacy topics such as:  Consumers vs. Producers, Goods vs. Services and Job Skills.

Interactive notebook and center activities to teach personal finance to K-2 students. Includes: goods and services, needs and wants, producers and consumers and more!
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