{"id":1304,"date":"2011-10-21T12:07:47","date_gmt":"2011-10-21T12:07:47","guid":{"rendered":"http:\/\/kidnexions.com\/blog\/?p=1304"},"modified":"2011-10-21T12:07:47","modified_gmt":"2011-10-21T12:07:47","slug":"teachable-money-moment-needs-vs-wants","status":"publish","type":"post","link":"https:\/\/www.familymathnight.com\/blog\/?p=1304","title":{"rendered":"Teachable Money Moment: Needs vs. Wants"},"content":{"rendered":"

\"\"<\/a>Needs vs. Wants:\u00a0 Let’s say you’re in the dentist’s office with your child and you’re waiting for your “turn”.\u00a0 \ud83d\ude42\u00a0 You pick up a magazine and start flipping through it. This is the perfect opportunity to play the needs vs wants game. By the way, this works best if you use a child-friendly magazine like Parents or FamilyFun.<\/p>\n

“Hey, look at this cool yo-yo. I like the designs on it. What d’ya think? Would they be a need or a want?”<\/p>\n

Have your child share with you his thoughts then ask follow-up questions such as: “Why do you think that?” “What is a want?” “What is a need?”<\/p>\n

Continue flipping through the magazine: “How about this toothpaste? A need or a want?” “Can you find another example of a need?”<\/p>\n

It gets fun when kids have to justify their reasons why they think Lunchables is a need. And, who knows, maybe their arguments will convince you.<\/p>\n

A need is something we depend on. A want is something we would like but don’t need. Knowing the difference between needs and wants helps kids prioritize their (and your!) spending.<\/p>\n","protected":false},"excerpt":{"rendered":"

Needs vs. Wants:\u00a0 Let’s say you’re in the dentist’s office with your child and you’re waiting for your “turn”.\u00a0 \ud83d\ude42\u00a0 You pick up a magazine and start flipping through it. This is the perfect opportunity to play the needs vs wants game. By the way, this works best if you use a child-friendly magazine like Parents or FamilyFun. “Hey, look at this cool yo-yo. I like the designs on it. What d’ya think? Would they be a need or a…<\/p>\n

Read More Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,50,13,16,17],"tags":[21,22,23,24,26,228,33],"class_list":["post-1304","post","type-post","status-publish","format-standard","hentry","category-allowance","category-kids-and-money-2","category-kids-and-spending","category-teachable-moments","category-teaching-kids-financial-literacy","tag-karyn-hodgens","tag-kidnexions","tag-kids-allowance","tag-kids-and-finacial-literacy","tag-kids-and-money","tag-teaching-kids-financial-literacy","tag-teaching-kids-money-management"],"yoast_head":"\nTeachable Money Moment: Needs vs. Wants - Karyn's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.familymathnight.com\/blog\/?p=1304\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teachable Money Moment: Needs vs. Wants - Karyn's Blog\" \/>\n<meta property=\"og:description\" content=\"Needs vs. Wants:\u00a0 Let’s say you’re in the dentist’s office with your child and you’re waiting for your “turn”.\u00a0 \ud83d\ude42\u00a0 You pick up a magazine and start flipping through it. 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