exploring needs and wants
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Exploring Values, Needs & Wants
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
What are Values? Something that is desirable, worthwhile,
and important
Influenced by family, friends, teachers, coaches, television, and movies
Each person has different values which guide his/her daily decisions
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
Best Friend Advertisement Write an advertisement for a best
friend Include at least five qualities or
characteristics you desire or value in a friend
Describe why those qualities are important
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
Needs vs. Wants Need - something necessary or required for
life Brainstorm examples of needs
Food, water, clothing and shelter
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
How Much Money Does A Person Need?
Families in India earn $1.00 to $2.00 a day. Could your family live off $1.00 to $2.00 a
day? What do you think families in India think
they NEED? How do values influence needs?
You need shelter, but do you NEED a mansion? You need clothes, but do you NEED designer
clothes?
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
Needs vs. Wants Want - something unnecessary but
desired May increase the quality of living or make
a person happier Brainstorm examples of wants
MP3 player, Play Station, designer clothes
How do values influence wants? If being popular or having all of the newest
gadgets is valued, a person may have a lot of wants
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
You Decide! Car
Nike Sneakers
Hot Tub
Computer
Food
i-Pod
Cell Phone
Clothes
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
Spending Money How do values influence how people
spend money and make financial decisions? If an individual values helping others, he
may decide to give money to a church or other charitable groups
How do needs and wants influence how people spend money and make financial decisions?
© Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Exploring Values, Needs & Wants – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.17.2.G1
Remember… Value - Something that is desirable,
worthwhile, and important Need - something necessary or required
for life Want - something unnecessary but
desired
A person’s values and perception of needs and wants influence personal financial decisions!