This worksheet is designed to help teach the difference between needs and wants. It presents a series of pictures, and the student is asked to circle whether each picture represents something that is a need or a want.
Purpose:
- Understanding Needs vs. Wants: The core purpose is to instill a basic understanding of the concept of needs (things essential for survival, like water and food) and wants (things that are desired but not necessary for survival, like toys or candy).
- Decision-Making Skills: By differentiating between needs and wants, children can start to develop decision-making skills and prioritize what is truly important.
- Financial Literacy: This concept lays a foundation for financial literacy, as it helps children understand the difference between essential and discretionary spending.
Worksheet Structure:
- Visual Aid: The worksheet uses pictures to make it easier for young learners to grasp the concept, especially those who may still be developing their reading skills.
- Simple Instructions: The instructions are clear and straightforward, asking students to simply circle “NEED” or “WANT” for each picture.
- Answer Key (Page 2): An answer key is provided, likely for teachers or parents to check the student’s work and provide feedback.
This worksheet serves as a valuable tool for introducing young children to the fundamental economic concepts of needs and wants in an engaging and age-appropriate manner.

Answer Key
