Money Basics · Episode 03

Need It or Want It?

Maya is at the market with 5 coins. Some things she needs. Some things she wants. How does she choose?

Ages 5–12 · Made for Kids

What they’ll learn

Three things they’ll come away with.

  • Where money actually goes once it's spent: food, home, getting around, clothes, and fun.
  • The difference between a need (you can't really do without it) and a want (you'd like it, but life still works without), and that tricky in-between cases (a scooter, a helmet, a school uniform) are completely normal.
  • The 3-day rule: when you really want something, wait three days. If you still want it, it's a real want. It's how Kai gets a second chance after buying something he was bored of by teatime.

Talk about it

Open questions that work.

  • What's something you used to really want, but don't anymore?
  • Is a scooter a need or a want? What about a helmet?
  • What would you do with 5 coins at the market?

Try one thing this week

Pick one small thing.

Next time your child asks for something at the shop, try the 3-day rule. Don't say no. Don't lecture. Just say: “Let's wait three days. If you still want it then, we'll talk about it.” Most things don't pass the test. The ones that do, do.