acthree — The Finance Learning Center

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In this lesson students will learn about the difference between needs and wants. Students will identify things people need to live and things they may simply want and practice making smart choices when there is not enough money to purchase everything.

💰 Mission 3: Needs vs. Wants

Watch at least 95% of the mission video to unlock your quiz. You must score 70% or higher to complete the mission.

Mission Video Progress: 0%

📘 Mission Briefing: Needs vs. Wants

In this lesson, students will learn about needs vs. wants and practice making thoughtful financial choices.

🔒 Quiz Locked — Watch at least 95% of the video to continue your Money Agent mission.

🎯 Money Agent Quiz

Answer all 8 questions. You need 70% or higher to complete the mission.

1. What is a need?

Something important for basic living and well-being Anything you see in an ad Every toy you like A luxury purchase

2. Which is usually a need?

Basic food Newest game console Designer sneakers Collectible toy

3. What is a want?

Something you would like but can live without Something required for survival A required bill in every case Money already saved

4. Why distinguish needs from wants?

It helps prioritize spending It makes all wants free It removes choices It guarantees more income

5. If money is limited, what should usually come first?

Important needs Every want Impulse purchases The most expensive item

6. Can something be a need in one situation and a want in another?

Yes, context can matter No, never Only for adults Only at a bank

7. Which is a thoughtful question before buying?

Do I need this or just want it? Can I spend everything? Can I ignore the price? Can I buy two instead?

8. Choosing needs before wants can help you do what?

Use limited money more carefully Make money unlimited Avoid all planning Get everything immediately

Great work, Money Agent! Continue to your next mission.