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The student
must recognize that they can use money earned from their income to buy goods
and services that they want, but their money must be used to take care of needs
first before spending money on their wants. Students must also be able to apply
mathematical ideas and processes to problems arising in everyday life, society,
and the workplace.
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Look at each of the following items and read the statements below.
a) Decide if it is a want or a need. Make your choices by writing the needs on your paper.b) Mark saved $20 from the money he earned helping his dad rake leaves. He needs a new backpack for school that cost $13. If he buys the backpack, how much will he have left to spend on other things he wants?
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