What is a need?
Learn the definition of a need and practise identifying true needs in daily life.
In this lesson
What is a need? is part of Needs vs Wants Intro. This preview shows how money-basics connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Think about this money choice
Imagine this situation: Your family has 5000 in local currency left this week.
How it works
A need is something essential to live safely — food, water, shelter, healthcare. A toy is a want.
Try a real-life example
Real-life money moment: You have 8000 in local currency. Rent: 5000 in local currency. Food: 2000 in local currency. Transport: 500 in local currency. New trainers: 3000 in local currency.
Activity preview
Try the challenge
Use what you learned to complete this short challenge.
Quiz preview
Which is a need?
Your family has 5000 in local currency left this week. Which do you spend on first?