It looks like you've uploaded a
"Needs vs. Wants Worksheet" from *CashCourse*, a financial education resource. However, the image you shared is just the
blank worksheet — it doesn't contain any specific task or data to solve.
The purpose of this worksheet is to help individuals distinguish between
needs (essential expenses) and
wants (non-essential spending). Here's how to use and complete this worksheet effectively:
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✔ How to Complete the "Needs vs. Wants" Worksheet
#### Step 1: Understand the Definitions
-
Need: Something essential for survival or basic living (e.g., food, housing, healthcare).
-
Want: Something desirable but not essential (e.g., entertainment, luxury items).
#### Step 2: Fill in Your Regular Expenses
Here’s an example of how to fill out the worksheet:
| Item | Cost | Need? | Want? | Alternative if Want |
|--------------------|----------|-------|-------|---------------------|
| Rent | $800 | Yes | No | None |
| Groceries | $300 | Yes | No | None |
| Internet | $50 | Yes | No | Public Wi-Fi |
| Coffee from café | $4/day | No | Yes | Brew at home |
| Movie tickets | $12 | No | Yes | Stream at home |
| Gym membership | $60 | No | Yes | Free outdoor workouts |
| Phone bill | $70 | Yes | No | None |
| Eating out | $50/week | No | Yes | Cook at home |
| New clothes | $100 | No | Yes | Buy secondhand |
| Gas for car | $100 | Yes | No | None |
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🔍 Key Tips:
-
Be honest about what you truly need.
- Consider
alternatives for wants — this helps identify cost-saving opportunities.
- Use this exercise to prioritize spending and build better budgeting habits.
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🎯 Why This Matters:
Separating needs from wants helps you:
- Avoid overspending.
- Save money.
- Build emergency funds.
- Make smarter financial decisions.
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If you have a
specific list of expenses or a
scenario you'd like me to analyze using this worksheet, feel free to share it! I can help categorize them and suggest alternatives.
Parent Tip: Review the logic above to help your child master the concept of wants versus needs worksheet.
