Back to Needs vs Wants Intro
7-10money-basics

What is a want?

Learn the definition of a want and see how wants are different from needs — even when they feel urgent.

In this lesson

What is a want? 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.

Today’s money mission

Imagine this situation: You have 1000 in local currency. Your needs this week cost 700 in local currency. A book you want costs 400 in local currency.

What you need to know

A video game is enjoyable but not essential to live or learn. It is a want.

Real-life example

Real-life money moment: Wants are bad and you should never buy them.

Progress Penguin connection

Open the rewards store and look at the first five items. Before reading descriptions or prices, label each one: Need or Want. Then ask: could you function normally for a week without each item? Your answers reveal how you actually define the categories.

Activity preview

Try the money challenge

Sort the items from this lesson into their correct categories. Apply this principle — a video game is enjoyable but not essential to live or learn — to explain your hardest classification out loud.

Quiz preview

Which is a want?

A second video game
School uniform
Daily food
Tap water at home

You have 1000 in local currency. Your needs this week cost 700 in local currency. A book you want costs 400 in local currency. What should you do?

Never buy books
Wait and save for the book next week when you have more
Buy the book and skip a need
Buy the book — 300 in local currency left is enough