KidSmartMoney
Money Library · Penny

Needs vs. Wants

Needs are things required for health, safety or daily life. Wants are things you would like but can usually live without.

For kids

A raincoat in a storm may be a need. A second sparkly raincoat can be a want.

For grown-ups

Use real context. Do not teach that wants are bad—teach that they compete with other choices.

Experience it with Penny