Definitions
What is a need?
a. Something you need in order to survive.
b. Something you want to enjoy.
a. Something you need in order to survive.
T.V.
Want.
Buying a new video game before paying my utilities is a good idea.
False
Buy a new video game or eat lunch?
Eat lunch.
What is a want?
a. Something you need in order to survive.
b. Something you want to enjoy.
Something you want to enjoy.
House
Need
People earn money in order to buy the things they need and want.
True.
Buy a new basketball or a new coat?
A new coat.
What is a budget?
a. The amount of money you earn
b. The amount of money you have to spend
b. The amount of money you have to spend
Food
Need.
People usually have more needs than wants.
False.
Here is a list of items. What should you buy first? -Concert Tickets -Food - T.V.
Food
Mention a want
Answer varies - Games, Trip, Eating out
Play Station 5
Want.
You should always buy something you want before you buy something you need.
False.
Buy a new game or pay my phone bill?
Pay my phone bill.
Mention a need
Answer Varies - Food, Shelter, Clothing
Medicine
Need.
You can survive without things that you want.
True.
Pay rent or buy a cool pair of shoes?
Pay rent.