Needs versus wants - GetWise | ASB

Teaching kids about money - Needs versus wants. Thanks to the ABS GetWise programme, we've helped over 400,000 Kiwi kids become cash clever.

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An important money skill to teach children is the difference between needs and wants. But for children that can be tricky.
Put simply, a need is something you must have to survive, like food, water and a home. A want is something that's nice to have, but you can actually live without, like an ice cream or a new skateboard.

Watch the other ASB GetWise videos for more fun ways to help your children learn about money.

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