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📚 Topic Summary
Needs are things you absolutely must have to survive. Think of food, water, shelter, and clothing. Without these, it would be hard to live a healthy life. Wants, on the other hand, are things you would like to have, but you can live without them. Toys, video games, and fancy clothes are all wants. Understanding the difference helps you make smart choices about spending and saving!
🧠 Part A: Vocabulary
Match the word with its definition:
| Word | Definition |
|---|---|
| 1. Need | A. Something you would like to have |
| 2. Want | B. Keeping money to use later |
| 3. Shelter | C. Something you must have to survive |
| 4. Saving | D. A place to live, like a house |
| 5. Budget | E. A plan for spending and saving money |
✍️ Part B: Fill in the Blanks
Use the words needs, wants, and saving to complete the sentences.
- Food and water are examples of __________.
- Video games and toys are examples of __________.
- __________ helps you buy things you need and want in the future.
🤔 Part C: Critical Thinking
Imagine you have $20. What is one thing you need to buy, and one thing you want to buy? Explain why you consider them a need or a want.
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