1. Personal Financial Literacy
Wants and Needs
Personal Financial Literacy

2. Which items are needs?

3. People need nutritional food to live. People need water to drink.
People need clothing and shoes to protect them from the weather.
Possible responses: shelter, air – Some people may need medicine.

4. What else do people need?
Possible responses: shelter, air – Some people may need medicine.
What else do people need?

5. What else do people need?
People need air to breath.
People need shelter.
Some people need medicine.
Some people need a car to get to work.
Possible responses: shelter, air – Some people may need medicine.
What else do people need?

6. Which items are wants?

7. People don’t need these items to survive.

8. Which food item is a want?

9. People don’t need ice cream to survive.

10. Popular name brand tennis shoes
Byron outgrew his shoes and needs a new pair. Which pair of shoes is a want?
No-name brand shoes $19.99
Popular name brand tennis shoes
$100

11. Popular name brand tennis shoes
Byron does not need an expensive pair of tennis shoes. He only needs a pair of shoes that will protect his feet.
The expensive shoes
are a want.
Popular name brand tennis shoes
$100