Needs and Wants/Spending Plan

nowhere

everywhere

in a town with a cold, snowy climate

in a very big city with a sunny climate

can never buy anything fun.

should get everything that you want.

don't have to make choices about your money.

are planning how to spend and save your money.

Need

Want

Depends on your individual situation

Rent

Utilities

Groceries

All of the above

True

False

True

False

True

False

True

False

it will help you through an emergency

It will help you prepare to pay for short term goals like a car

It will help you pay for long term goals like a house or retirement.

All of these are reasons

This does not leave any room for saving.

You can, no problem

The person at the bank won't like it.

You pay too much tax that way