Joe the Monkey from The Money Mammals is on a journey to become a money-smart kid, and understanding the difference between needs and wants is a crucial part of this adventure. For pre- and early elementary schoolchildren, learning to distinguish between these two concepts is an essential skill that will help them manage their money wisely in the future.
**Needs** are things that Joe the Monkey must have to survive and live a healthy life. These include basic necessities such as food, water, shelter, and clothing. For Joe, a need might be bananas to eat, a tree to live in, and a raincoat to stay dry during the rainy season. These are items that Joe cannot do without, and they are essential for his well-being.
On the other hand, **wants** are things that Joe the Monkey would like to have but can live without. These are often items that make life more enjoyable or entertaining but are not necessary for survival. For Joe, a want might be a colorful hat to wear, a new toy to play with, or a fancy hammock to relax in. While these items can bring joy and fun, Joe can still live a healthy life without them.
By helping Joe the Monkey understand the difference between needs and wants, children can learn to prioritize their spending and make smart financial decisions. This knowledge will empower them to save money for the things they truly need and make thoughtful choices about the things they want.
What's New in the Latest Version 1.17
Last updated on Aug 25, 2023
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Tags : Educational
