Joe the Monkey from The Money Mammals is on a fun journey to understand the difference between needs and wants, helping pre- and early elementary schoolchildren become money-smart kids. Understanding the distinction between these two concepts is crucial for developing sound financial habits from a young age.
Needs are things that are essential for survival and well-being. For Joe, this includes items like food, water, shelter, and clothing. These are necessities that Joe must have to live a healthy and safe life. Teaching children about needs helps them recognize what is truly important and must be prioritized in their lives.
On the other hand, wants are things that Joe might desire but aren't essential for his survival. This could include toys, treats, or even a new outfit that's not needed for warmth but just for style. Understanding wants helps Joe and young learners appreciate the difference between desires and necessities, guiding them to make informed spending decisions.
By helping Joe the Monkey navigate through his needs and wants, children can develop essential skills in money management. They learn to prioritize their needs first and then consider their wants, fostering a sense of responsibility and financial literacy from an early age.
What's New in the Latest Version 1.17
Last updated on Aug 25, 2023
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