Needs and Wants

Needs and Wants

Table of Contents

Introduction

Your Family

Let's Discuss

Let's Close

Vocabulary

Task Rules

Needs and Wants

Assignment on Classkick

Task Directions

Let's Investigate Video

Price List

Let's Investigate Read

Index

Introduction

Today we will:​

• Learn about needs and wants​
• Pretend you are a member of an actual family of European immigrants who just arrived in the United States and create a budget for that time period​.

Goods and Services Price List

We read about what life was like for immigrants and compared and contrasted the experiences of Asian and European immigrants with a Venn Diagram

Let's Prepare

Let's Review

Introduction

Index

Vocabulary

Budget

Click word

Income

Write down the definition of these words. Use each word in a sentence.

Click Word

Expense

Click Word

Index

Needs vs Wants

Needs

The very basic items that we must have to survive.

Wants

Things that make life more fun but that you could really live without.

Based on the wages of a factory worker, families had to budget for what they needed. How would spending be different today compared to spending options for factory workers during industrialization?

Index

Building America

1920

Many of the immigrants who arrived in the early 20th century were poor and hardworking. They took jobs paving streets, laying gas lines, digging subway tunnels, and building bridges and skyscrapers. They also got jobs in America's new factories, where conditions could be dangerous, making shoes, clothing, and glass products. Immigrants fueled the lumber industry in the Pacific Northwest, the mining industry in the West, and steel manufacturing in the Midwest. They went to the territory of Hawaii to work on sugar cane plantations. Eventually, they bargained for better wages and improved worker safety. They were on the road to becoming America's middle class.​

Most industrial workers put in 10 hour days, 6 days a week, and made about $1.50 a day

Life in the Cities

Index

Creating a Budget

You live in the family pictured in the reading: “Living in the Cities.” You have to create a budget for your family that meets their needs and wants. In creating your budget, you will need to follow the rules.

Rules

Rules

Index

1. You do not own a home; you must rent one of the properties.
2. You must pay the water bill.
3. You must choose how you will light your house during the night time. This could be done by electricity or by candle.
4. You must save for either a house or a car. You will determine how much you will save each month.
5. You will have to buy one piece of clothing and shoes for a family member.
6. You will only have $40.50 and you must spend all of your money.

You can write a description here

Index

1. You will place the name of the item in the Item Box.
2. You will then determine if it is a need or want. You will write that in the Needs and Wants Box.
3. Determine the amount of goods and services that you want and put that in the Quantity Box.
4. Put the price of those goods and services in the Price Box.
5. Multiply the quantity by the price and place that total in the Total Box.
6. Once you are finished with page one, add all the totals and place it in the Total A Box.
7. If you need more than one page for your budget, use the second page.
8. Complete steps 1-6.
9. Once completed add Total A and Total B to determine the amount, you have spent in your budget.

Directions

Goods and Services Price List

You will use the Goods and Services price list to determine the items you will buy each month. When creating the budget, you will use the budget form.

Assignment

Index

Goods and ServicesPrice List

Use this price list to create your budget.

Which of these items is a need and which ones are wants?

Assignment

Index

• What were the needs of your family?
• What did you address first in your budget – family needs or wants?
• Were you able to afford all your family's needs?
• Is it better for a family to spend on a want or save some income, after obtaining all of their needs?
• Today some of the needs of the poor are paid for by the government through taxes and fees. If your monthly income were reduced by $4.00, to cover taxes and fees, would your family still be able to afford all its needs/wants?

• Is it good for society for the government to use taxes to provide services to the poor?
• What services would your family need, based on your industrial budget?

Discussion

Think about how you would answer these questions...

Index

Close