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Exploring Needs and Wants

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  • Informative, Easy to build off of... In my books that makes a great slide show!
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  • 1. Exploring Values, Needs & Wants
  • 2. 2.17.2.G1What 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 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 3. 2.17.2.G1Best 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 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 4. 2.17.2.G1Needs 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 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 5. 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 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 6. 2.17.2.G1Needs 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 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 7. 2.17.2.G1You Decide! Car  Food Nike Sneakers  i-Pod Hot Tub  Cell Phone Computer  Clothes © 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
  • 8. 2.17.2.G1Spending 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 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
  • 9. 2.17.2.G1Remember… 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! © 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