Financial literacy story

Financial literacy story
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  • Mom, can I borrow $25 so I can buy a toy?
  • Listen son, lately you've been asking me for money for things you don't need. We need to talk.
  • Right!
  • You have to know the difference between needs and wants and for example the toy is a want.
  • And food, shelter, water, and other stuff is a need?
  • Follow me and I'll quiz you.
  • Is this candy a need or a want?
  • Good job!
  • Want!
  • Need!
  • What about the house we live in?
  • Good job again!
  • Now do you get the difference between a need and a want?
  • Yes, now I know what I need, like shelter, and I necessarily don't need, like candy or toys!
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