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**Creating a Budget: Wants versus Needs**

This lesson will introduce creating a budget for use in the real world. It will include classifying wants and needs and will cover developing a basic budget for personal use, using an interactive multimedia lesson. The target audience for this lesson will be third - fifth grade social studies students. The goal for instruction is for these students to identify sources of income and expenses, classify expenses as wants or needs, and apply those priorities to creating a budget. They will then be able to apply this skill in their TAKS tested area as well as in real world scenarios such as the school store and daily life.