Unit of Independent Living • This Unit will cover the following: • Needs vs. Wants • Budgeting • Renting (Landlords and Tenants Act) • Paycheques and Bank Accounts/ Loans and Credit • Credit Cards • Buying a Used Car • Saving Money
Consumers and Producers We are all consumers! Consumers: people that buy things that are for sale Producers: the people who make and sell the things we buy Product: The items or services we buy Marketplace: Anywhere that we are buying these products
Needs vs. Wants We use thousands of good and services throughout our life to fulfill needs and wants. So what’s the difference between Needs and Wants? Needs: something someone must have in order to survive Wants: Things above and beyond your basic needs https: //www. youtube. com/watch? v=Rjbja. PLa 0 -g
Maslow’s Hierarchy of Needs
What effects your choice? • Write down some things that effect your choice
Worksheets • Complete the 2 worksheets
Exit Slip Questions • Answer the following questions on a sheet of paper. (Be sure your name is on the paper and hand it in before you leave) • 1) What are 5 of your needs? • 2) What kind of Lifestyle do you want? • 3) What is the one Factor that effects your purchasing choices most? What? • 4) How can you meet your needs?