Financial Literacy Pt. 1: Needs Vs. Wants

This is an example of a need.

Your savings account is what you use to support yourself (pay bills, buy food, go on vacations etc.).

The purpose of a checking account is to do ________.

A check is a card linked to your checking account that allows you to make purchases

A ______ is something that is rewarding or pleasing; however, it is NOT needed to survive.

This is an example of an app that can help you track your money.

Another question you can ask yourself when determining a need vs. want is?

This is an example of a want.

Tommy gets killed in one of the episodes of Power.

Basic clothing is an example of a want.

This is one of the first things you can do when keeping needs vs. wants straight:

You cannot survive without an income.

What month did we begin cooking?

The bank will give you money for leaving it in your account (e.g., savings). What is this called?

This is an example of a need.

This was one of the tips for keeping needs and wants straight.

What is a question you can ask to determine if you need something?

Creating a budget can help you manage your money effectively.

Delivering newspapers was Ms. Moore's first hustle/job.

When you work, you earn a _______ or an ____________. 

You can use your online banking as a tool for monitoring your spending.

This is an example of a want.