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Needs and Wants

Needs are the essentials we require to live. At the most basic level, you need air, food, and water. You also need shelter and basic clothing. Most teenagers are fortunate in that their parents provide most, if not all, of their needs.

Basic human needs: shelter, clothes, food, etc.

Wants are the extras that make life enjoyable. An example of a want would be concert tickets. While it would be great to go to that concert next month, concert tickets are not needed for survival, so they are considered wants.

Making a purchase that is not needed for survival.



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Spending Money

Read Spending Money: Needs vs. Wants and explore what the experts say about wants and needs.



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