Wants and Needs
Grade 1Social Studies45 min
aligned to Nys Social Studies Standard: Nys Social Studies Standards 2.8b People Make Decisions To Buy, Sell, And Use Money Based On Their Needs, Wants, And The Availability Of Resources. Students Will Explore Economic Decision Making And The Use Of Money.
Learning Objective
I can tell the difference between things people need and things people want.
Lesson Flow
Watch Video
Financial Literacy—Needs and Wants | Learn about needs, wants, and opportunity costs
Unknown Channel
Practice
6 questions • Short answer
Exit Ticket
“Is water a need or a want? Explain why. Is a toy a need or a want? Explain why. ”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
