socialStudiesSocial Studies

Needs vs. Wants

The Needs vs. Wants generator creates economics worksheets where students sort a set of everyday items — food, shelter, toys, gadgets — into "needs" and "wants" columns, then justify their choices and discuss trade-offs. Understanding the difference between necessities and desires is the first step in personal financial literacy for Pre-K through Grade 3. Answer key and teacher guide included.

Grade Levels

Pre-KKGrade 1Grade 2Grade 3

What's Included

Answer Key included

Teacher Guide included

Reproducible from seed

Curriculum Standards

C3 D2.Eco.1.K-2

Explain how scarcity necessitates decision making.

C3 D2.Eco.2.K-2

Identify the benefits and costs of making various personal decisions.

Topics

needswantsneeds vs wantsneeds and wantseconomicsfinancial literacysortingclassifydecision makingscarcitygoodsservicessocial studieslife skillsmoneybudget