Understanding the Differences Between Needs and Wants
| Category | Cognitive Development |
| Resource Owner | Compassion International |
The lesson “Understanding the Differences Between Needs and Wants” teaches children how God wants us to use our money wisely. The children will review the definitions of the four money concepts learned in previous years (earning, saving, spending, and giving). The children will also learn to identify the differences between wants and needs. The lesson includes guided instructions for the teacher, including preparation, a script, and suggested activities to facilitate further learning in a fun and interactive manner This lesson is designed for children between 9-11 years, and is the 39th lesson in the 1st Year “Managing Money” unit.
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