Needs and Wants

Is a teddy bear a need or a want? What about a toothbrush? In this worksheet, students will look at the items in each row and determine whether each item is a need or a want. Then, learners will circle the needs in red and the wants in blue.

This kindergarten and first-grade activity introduces students to the fundamental economics concept of needs versus wants. Understanding the difference between the two will support students as they learn about consumer choices, budgeting, and financial literacy. Distinguishing needs from wants will also strengthen early learners’ critical thinking and decision-making skills.

Continue practicing with Wants vs. Needs and Needs and Wants Sort.