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Spending Money

We all have to make choices about how to spend our money. Before you buy something, think about whether it’s a want or a need.

  • A need is something you must have in order to survive
  • Food
  • Water
  • Shelter
  • A want is something you would like to have, but you can live without it
  • Candy
  • Video games
  • A puppy

People you know (and even people you don’t know) can influence your spending decisions. Friends. Family. Online Reviewer. Even celebrities. Imagine you have $50 to spend. What would your parents want you to do? What would an advertisement want you to do? What would YOU want to do?

When make a decision, ask yourself:

  1. Is this a want or a need?
  2. Is anyone else influencing my decision?
  3. What is best for me and my budget?

Additional Resources:

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