← Money Smart: Weighing Needs & Wants
Flashcards
Money Smart: Weighing Needs & Wants
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Money Smart: Weighing Needs & Wants — Flashcard Set
| Front | Back |
|---|---|
| What is a need? | Something you must have in order to live a healthy life. |
| What is a want? | Something you would like to have but could live without. |
| Name four examples of needs. | Shelter, food, water, clothes. |
| Name four examples of wants. | Ice cream, toys, candy, video games. |
| What is the topic of Lesson 3? | Needs and Wants |
| What are the three objectives of this lesson? | 1) Define needs and wants, 2) Differentiate between needs and wants, 3) Compare and prioritize needs and wants |
| What are the two Essential Questions for this lesson? | What are needs and wants? How do I choose between my needs and wants? |
| What is the "My Needs and Wants Mini-Book"? | A handout/activity where students draw, paste, or write items they need and want, then assemble it into a mini-book. |
| What is the "Needs and Wants" handout used for? | Practicing sorting items into needs and wants categories. |
| What is the Pet Needs Classification game? | A class game where students choose a pretend pet and sort possible needs and wants for the animal. |
| In the classroom Needs and Wants chart, what are examples of classroom needs? | Pencils, paper, desks |
| In the classroom Needs and Wants chart, what are examples of classroom wants? | Markers, stickers, toys |
| What does it mean to "prioritize" needs and wants? | To decide which needs or wants are most important and choose an order (first, second, third choice). |
| In "Bunny Money," what do Max and Ruby need to do? | Find the best birthday present for their grandma while dealing with emergencies that require spending their saved money. |
| In "Sam and the Lucky Money," what lesson does Sam learn? | How to make choices and spend money wisely, and that there are some things money can't buy. |
| In "Almost Zero," what does Dyamonde want? | A pair of expensive red high-top sneakers; her mom teaches her about wants, needs, and wise money choices. |
| What is a Grades 1–2 modification for the My Needs and Wants Mini-Book? | Students may add an estimated cost for the items they choose as needs and wants. |
| What number sentence can Grades 1–2 students create in the Math Center activity? | ___ Needs + ___ Wants = ___ Total |
| What is the purpose of the Warm Up activity "What Are Needs and Wants?"? | To introduce and discuss definitions of needs and wants using slides and a class chart. |
| What is the Class Reflection Wrap Up activity for? | To check understanding by asking students what needs and wants are and how they choose between them. |
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