Needs vs Wants lesson
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Description
This lesson plan teaches students the importance of budgeting, with a focus on understanding the difference between wants and needs. Students will learn to prioritize their essential needs, such as housing, food, transportation, and healthcare, while considering their wants, such as entertainment, clothing, and dining out.
By the end of the lesson, students will have a better understanding of how wants can impact a budget, and how prioritizing needs can help with responsible spending and avoiding overspending on wants.
This lesson plan includes a slide presentation, a class discussion, a worksheet, and a quiz to assess student learning. It is an excellent resource for teachers who want to equip their students with the essential skills needed to manage their money effectively and make informed financial decisions.