Needs And Wants Worksheet

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Understanding the difference between needs and wants is essential for making informed decisions in various aspects of life. This worksheet will help you clarify your priorities and develop a deeper awareness of your desires and necessities.

What Are The Theories Behind This Worksheet?

Abraham Maslow’s theory suggests that human needs can be arranged in a hierarchy, with physiological needs like food and shelter at the base, followed by safety, love and belonging, esteem, and self-actualization at the top. Reflect on how this hierarchy relates to your own life and choices.

As explained by behavioral economics, the scarcity principle emphasizes that resources (including time) are limited. People must make choices about how to allocate these resources among competing needs and wants. Think about times when you’ve had to make such choices.

How Will This Worksheet Help You?

By completing this worksheet, you will understand your needs and wants. You will better understand how your choices and priorities align with these distinctions. You will also learn to make more conscious decisions, leading to improved satisfaction and well-being.

How Should You Use This Worksheet?

Identify your needs and wants and prioritize your list according to the most important and the least important. Reflect on your choices and set goals according to your choices. 

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