Part of Lesson Plan: Financial Planning NEFE Lesson 2 - Where Does Your Money Go?
Activity Overview / Details
Time: 10 minutes
Materials: Three 8 ½ X 11 sheets of paper to make 3 signs, one labeled NEED, one WANT, and one labeled BOTH. You will also need masking tape and pictures of the items in your list of things (see below) with the item name written above the picture.
Directions: (Pictures of items are posted in Resources/Materials section)
Hang signs at opposite ends of the room. Arrange students in the center of the room between the three signs. Tell the students that you are going to name an item and each person should decide whether the item named would be classified as a NEED, a WANT or BOTH, and then they are to move to the respective ends of the room. After everyone has decided and moved, survey a few members from each group by asking why they classified it as a NEED, a WANT, or BOTH. Ask them to give an example of how or why the classification could be changed.
When completed, allow time for further discussion.
Suggestions of items are listed below: (A few pictures with the associated words are attached as examples)
Ideas for the NEED or WANT list:
Telephone Cell Phone
Newspaper Athletic shoes
Business Suit Sunscreen
Tickets to an NBA game Notebook
Materials / Resource
- Is it a Want or Need [ Download ] Print these out and hold up individually for this activity