NEEDS vs. WANTS
Dreaming of your first car? Saving for a big school trip? To make your dreams reality, you need to build your financial literacy skills. Unlock the answers to these three key questions:
1. How can learning the difference between an need versus a want support a stable financial future?
2. How can learning more about financial literacy help me plan my future career goals?
3. How can I learn to protect my money?
Watch this short video. Then, complete the Needs vs. Wants activity located in the Activities: Brainstorming, Reflecting, and Questioning box below.
Brainstorming: After watching the video, use the Spending your money wisely template to brainstorm a list of items you need and items you want. (5 minutes)
Reflecting: As the video points out, having a watch is a need, it can help you keep track of the time, but a smart watch with the latest technology is a want. (10 minutes)
Questioning: Complete the How Much Do You Know About... questionnaire to test your knowledge about personal finance. (10-15 minutes)