Needs Vs. Wants What do you like to spend money on? What do you save up for? How do you make sure you have enough cash for all of it?

Introduction Perhaps you want a new bike, toy, or electronic game? In this WebQuest, you will have the opportunity to learn how people make decisions on what to buy, where to buy products and even when to buy. If you can understand how economic decisions are made, it can help you learn how to spend and save your money wisely. Once you learn a few tricks to save money purchasing what you need, you will have more money to spend on things you want. So that awesome new bike you want could be yours!! Click here to read the article “Managing Money: Needs vs. Wants. When you’re finished, close out the Internet and go to the next page.

Learn More… And Have Fun! Click on the images below to learn more about needs and wants. Each site has s super cool game that you can play to test your economic knowledge! Be sure to close out of the Internet after completing each game. When you are finished, go to the next page. Be sure to scroll down and click on Ed’s Bank.

Blog About It Now that you know a little more about the difference between needs and wants, write about it. Click on the link below to visit your teacher’s blog. Post your own comment. Read the comment of at least one other classmate. When you are finished, go to the next page.

Lets Go Shopping You have just arrived at Liberty Mall.  At this mall you can find anything your heart desires.  Before you go in, you need to understand Wants and Needs. Needs are things people must have in order to live.  For example,  food and water are things you need to survive. Wants are things people would like to have.      Before you go in, print the Needs and Wants Worksheet to record your purchases. You will receive $300.00, but $200.00 must be spent on things that you need. Only $100.00 can be spent on things that you want. Please use your money wisely. Enjoy your day at Liberty Mall.

Liberty Mall Food Clothing Sports House Wares Electronics

Food Back to the Mall Milk $3.50 Hamburger Helper $2.25 Oreo Cookies $3.75 Soda $1.45 Eggs $1.75 per dozen Chips $3.50 Bread $2.30 Bananas $1.00 per pound Ice Cream $5.50 Back to the Mall

Clothing Back to the Mall Coat $30.00 Hat $15.00 Jeans $25.00 Shirt $20.00 Mittens $5.00 Scarf $7.00 Socks $3.00 Shoes $40.00 Back to the Mall

Sports Back to the Mall Basketball $15.00 Football $10.00 Soccer Ball $15.00 Jump Rope $3.00 Golf Clubs $50.00 Swimming Goggles $8.00 Baseball Bat $25.00 Skates $35.00 Back to the Mall

House Wares Back to the Mall Towel Set $ 25.00 Washcloth Set $10.00 Sheets $35.00 Dishes $15.00 Glasses $10.00 Comforter $40.00 Lamp $10.00 Blanket $15.00 Pillow $5.00 Back to the Mall

Electronics Back to the Mall Stereo $50.00 CD $15.00 CD Player $25.00 DVD $20.00 DVD Player $60.00 Computer $100.00 Telephone $45.00 Video Game System $50.00 Video Game $30.00 Back to the Mall