Needs versus wants - GetWise | ASB

Teaching kids about money - Needs versus wants. Thanks to the ABS GetWise programme, we’ve helped over 400,000 Kiwi kids become cash clever. Watch more ASB money tips at or find out more on GetWise at An important money skill to teach children is the difference between needs and wants. But for children that can be tricky. Put simply, a need is something you must have to survive, like food, water and a home. A want is something that’s nice to have, but you can actually live without, like an ice cream or a new skateboard. Watch the other ASB GetWise videos for more fun ways to help your children learn about money. Discover how we are involved in local communities across New Zealand and get a glimpse behind the scenes -- follow us on , like us on Facebook or read more on our ASB blog Connect with us online