Wants vs. Needs
Define a "want" and give an example.
A "want" is something you would like to have but is not essential for survival. Example: A new video game.
What does the "M" in SMART stand for?
Measurable.
What does FCCLA stand for?
Family, Career, and Community Leaders of America.
True or False: A short-term goal is something you can accomplish in under a year.
True
Define a "need" and give an example.
A "need" is something essential for survival or basic functioning. Example: Food or shelter.
What does the "T" in SMART stand for?
Time-bound.
List the 5 steps of the FCCLA Planning Process in order.
Name one reason why distinguishing between wants and needs is important.
It helps prioritize spending and ensure that basic needs are met before spending on extras.
Identify two "wants" and two "needs" in this scenario: Payday is coming up, and you decide to create a list of how to spend the money.
out-of-town concert tickets
an upcoming basketball game
a new winter coat
Wants: Concert tickets, basketball game. Needs: winter coat, transportation money,
Write a SMART goal for saving $50 in two months.
I will save $50 in two months by setting aside $25 from each paycheck I receive every two weeks."
Which step of the FCCLA Planning Process involves evaluating the success of your plan?
Follow Up
List three tools or strategies to help track personal goals.
A planner, a smartphone app, or a vision board.
True or False: All expenses for personal enjoyment are considered "wants."
False. Some personal enjoyment expenses can support mental health, which may qualify them as needs in certain contexts.
Identify which part of this goal is missing to make it SMART: "I want to start exercising regularly by walking after school."
The goal is missing the "Measurable" and "Time-bound" components.
Describe how you would use the FCCLA Planning Process to improve time management for schoolwork.
Name a decision where balancing wants and needs might be difficult, and explain how you would approach it.
Decision: Buying a car. Approach: Evaluate if the car is a need for transportation or a want for luxury. Choose a reliable, affordable option that meets your need.
Create a scenario that includes at least 2 needs and 2 wants.
Scenario: "You’re going grocery shopping with $100. You need to buy milk, bread, and vegetables, but you also want to buy ice cream, a magazine, and a new reusable water bottle."
Revise this goal to make it SMART: "I want to eat healthier."
I will eat at least 5 servings of fruits and vegetables each day for the next month by planning my meals in advance."
Create a plan using the FCCLA process to save money for a family trip.
Create a short-term and long-term goal related to personal finances.