Do your kids ever get what they “need” mixed up with what they “want”? Of course they do! If we’re honest, sometimes we do, too. Wants versus needs is just one of the many life lessons about money that we all work to learn–and remember–throughout our lives. Try this fun way to get your kids talking about needs and wants and other important economic concepts with this FREE Economics Lesson for Kids.
This bite-sized unit explores the differences between wants and needs, explains supply and demand, illustrates bartering, and shows the value of work.
For example, we know food is a need, so does that mean that tasty chocolate bar is also a need? Why are some things like diamonds so expensive but plastic bottles are cheap? Why do stores have clearance aisles? Kids learn the answers to all these questions and more in this unit.
Perfect for your 8-10-year-olds, this FREE economics lesson for kids presents key money concepts in a way that is easy for kids to understand and parents to teach. It begins by explaining the basics in a simple manner with real-world examples. Then it leads kids through a fictitious scenario so they understand how these concepts can affect their daily lives.
A quick review at the end tests reading comprehension and understanding of the key concepts. An answer key is included.
Grab this FREE Economics Lesson for Kids today!
Money Matters for KidsLarry Burkett’s Money Planner for Kids (Larry Burkett’s Pocket Change Series)50 Money Making Ideas for KidsSmart Money Smart Kids: Raising the Next Generation to Win with MoneyFinancial Peace Junior Kit: Teaching Kids How to Win With Money
Bonnie Rose Hudson works as the Director of SchoolhouseTeachers.com, the curriculum site of The Old Schoolhouse Magazine®. Her heart’s desire is for every child to feel the love of God and know how special they are to Him. She would love for you to stop by her website WriteBonnieRose.com for homeschool and history curriculum, resources to help teach your children about missions and the persecuted Church, free history and writing printables, ways you can write for the homeschool market, and to check out her newest release from JourneyForth, The Hidden Village, an early reader set in India.
66 Delicious Stir Fry Recipes
I have to be honest with you...I'm not a huge fan of oriental food. I love rice and noodles, but onl
FREE Book Report Templates (All Grades Included)
Some kids love them. Other kids dread them. But nearly every kid has to learn how to write a book re
FREE Discover the Great Explorers Notebooking Journal
Since nearly the beginning of time, people have wondered what was just beyond what they could see. T
Teaching History through Studying Family History
Making history fun can be a daunting task at times. However, with the right ideas, interest, and eng
LIMITED TIME High School Freebie About the Mexican-American
The Mexican-American War is an important but often understudied part of American history. Help your
Over 350 FREE Word Families Worksheets
Over 350 FREE word families worksheets and printables. Learning to read is a difficult task for youn