Wants and Needs
Parents have your kids read the lyrics to the Sammy Rabbit money song titled, Wants and Needs!
Music is a fun, easy and time efficient way to talk to and teach kids about money! It is also a Sammyriffic way to celebrate great money habits. Music and singing bring joy and energy to the money lesson learning process.
7 Step Money Lesson on Wants and Needs for Kids Who Like Music
Here are seven simple steps that will have parents, teachers and trainers talking to and teaching young kids about money and develop a beginning understanding of the difference between wants and needs in no time at all!
Step 1. Read Song Lyrics Together
CHORUS
Wants and needs, wants and needs
Nothing really helps one succeed
Like knowing the difference between
What we want and what we need
Wants and needs, wants and needs
Each one brings two different things
It pays to know the difference
between what we want and what we need
VERSE
Education. I need it!
Entertainment. I want it!
Books. I need them!
Toys. I want them!
REPEAT CHORUS
VERSE
Nutrition. I need it!
Fast Food. I want it!
Water. I need it!
Soda. I want them!
REPEAT CHORUS
VERSE
Study. I need to!
Play. I want to!
Saving money. I need to!
Spending money. I want to!
REPEAT CHORUS
OUTRO
Wants, Needs?
What shall I choose?
What shall I trade for?
Wants or needs?
Step 2. Listen to the Song
Now listen to the song Wants or Needs together. Listen as many times as you like!
Step 3. Discuss Song
The song lyrics share beginning ideas and call attention to the importance of understanding the difference between what we want and what we need. This would include identifying and prioritizing money choices, like saving and spending. Have a discussion with your child, children or students about the song. Ask them what lyrics from the song they like the most and why.
For example, I love the lyrics:
"... It pays to know the difference between what we want and what we need ..."
Step 4. Activities
If you are a premimun Sammy Rabbit Money School member, have your child, children or students complete one or all of the activities that accompany the song Wants and Needs.
If you are not a premium School member, join. This is a wonderful way to support Sammy's mission to bring financial literacy education to kids and families across the world.
If you are Free member, listen to more music from Sammy's Song Series. And keep having discussions with your parents and teachers about the money habits shared in the songs.
Step 5. Review and Discuss Activities
After your child, children or students has completed the activities for the song Wants and Needs, review and discuss them together.
Step 6. Deposits
Applied knowledge is powerful and life transforming.
Give your child or children opportunities to earn and save money.
Make a deposit with your child or children into a piggy bank, savings jar or into a savings account at the financial institution of your choice. Get them in the habits of earning and saving money. Get them in the habit of listing and prioritizing their wants and needs. Small steps work. Oh yes!
Have your child deposit the activities they complete into their Dream Big Journal!
Step 7. Keep Learning
Sammy Rabbit says:
Always be learning! You can do it. Now, get to it! Have a Sammyriffic time!
Free Membership to Sammy's Money School
Let's get kids financially literate, their families and communities too.
Sammy Rabbit's free membership program:
makes quality early age, youth and family financial education available immediately
gives access to anyone and everyone who wants to teach their kids money habits and principles that will help both children and families establish a solid foundation to achieve increased levels of financial stability throughout their lives.
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