Do you spend most of your money on things you want or things you need?
Learning Objective What Are Needs and Wants?
Key Terms What Are Needs and Wants?
Needs and Wants
The Link Between Resources and Choices
How can you measure whether you are able to meet your financial needs now and in the future?
Identify the needs and the wants in this picture.
Which of the following is an example of a need?
Financial resources are unlimited.
Which of the following would increase someone’s financial choices?
Luxury items are often used to fill emotional needs.
It is more important to spend your money on wants than needs.
Which of the following is an example of what disposable income may be spent on?
