Needs, Wants, and Whys

Money Life Skills for Kids (Ages 7-9)

Smart choices start with asking why.
At Shiminly, we believe that learning the difference between needs, wants, and whys is an important step in helping children make confident, thoughtful choices. This self-paced lesson guides young learners as they explore everyday decisions, think about what they truly need versus what they want, and understand the reasons behind their choices. Through reflection and simple activities, children build early money skills, self-awareness, and decision-making confidence they can use at school, at home, and in real-life situations.

Core Skill

Self-Awareness and Adaptability

Designed For

Ages 7-9

Duration

60 minutes

Who It’s For

This lesson is designed for children ages 7 to 9 who are beginning to learn how to make everyday choices about money and resources. It is a great fit for schools, families, and learning programs that want to support early financial literacy, critical thinking, and an understanding of the difference between needs, wants, and the reasons behind their choices.

What’s Included

Real-life scenarios & quizzes

Reflection journals & tools

Final assessment & certificate

Downloadable glossary & reference sheet

Why This Matters

Children ages 7 to 9 are beginning to notice choices all around them, especially when it comes to spending, sharing, and deciding what they really need. This lesson helps them build the tools and language to understand the difference between needs and wants and to think about the why behind their decisions. By learning these skills early, children develop confidence, responsibility, and healthy decision-making habits that support them in everyday life and future money choices.

Ever wonder why some choices matter more than others?

Learn at your own pace with fun, real-life examples that help children understand needs, wants, and the reasons behind everyday choices. This lesson builds confidence in decision-making at school, at home, and in real-life situations where thoughtful choices matter.
In this lesson, you will:
  • Learn the difference between needs and wants using clear, kid-friendly examples
  • Explore the reasons behind everyday choices and why some decisions matter more than others
  • Practice sorting needs and wants through stories and hands-on activities
  • Build confidence in making thoughtful choices at home and at school
  • Take away simple tools that support smart decision-making and responsible money habits
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