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Lesson 6 · Written for kid, teen, and little

Needs vs. Wants

Needs keep you okay; wants make life fun — and knowing which is which protects your money.

The idea

A need is something you must have to be healthy, safe, and able to get to school or work — food, a place to live, clothes that fit, the bus fare. A want is everything else: it makes life better, but skipping it won't hurt you. The order matters, because money you invest can only come from what's left AFTER your needs are paid. The bigger you let your wants get, the smaller that leftover pile becomes 🛒

A

Words to know

4

Need

Something you must have to stay healthy and safe, like food, a home, or a coat in winter.

Want

Something that's nice to have but you'd still be okay without it, like a new game.

Leftover money

The money still in your pocket after all your needs are paid for. If you get $20 and lunch costs $12, the leftover is $8.

Invest

Putting money into something, like a small piece of a company, hoping it's worth more later. It can also go down.

Try it — no accountTrue or false

True or false? Swipe each card.

Card 1 of 4

Rent, food and getting to school are needs.

Swipe the card — or tap.

In the full lesson

  1. 1True or false
  2. 2Work out the number
  3. 3Make the call

Vine has 107 lessons like this one, each written three ways so a 7-year-old and a 17-year-old both get a version that fits.

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