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FEPPP Financial Education Library Lesson & Resource Guide
Lily Learns About Wants and Needs
Author: Lisa Bullard, illus. Mike Moran
Book Summary: "Lily wants a new bike. And a new raincoat. And ice cream. But
how many of these things does she need? As Lily and her dad drive around
town, Lily soon discovers that wants and needs are different things. She picks
out which things people have to have. She might even remind her dad that he
doesn't need root beer!"
Ages: 5-8
Length: 24 pages
Grades: K-2
ISBN: 978-1-467-71509-6
Lexile Rating: 490L
Online Read-aloud: Preschool on the Farm (5:36)
VA Credit Union (7:29)
Washington State
Financial Education Standards
Grades K-2 Grades 3-5
SS: Spending & Saving
CD: Credit & Debt
EI: Employment & Income
I: Investing
RM: Risk Management & Insurance
FD: Financial Decision-Making
SS: Develop a plan for spending and
saving
FD: Recognize the responsibilities
associated with personal finance
decisions
FD: Make criterion-based decisions by
systemically considering alternatives
and consequences
SS: Develop a plan for spending and
saving
FD: Recognize the responsibilities
associated with personal finance
decisions
FD: Make criterion-based decisions by
systemically considering alternatives
and consequences
Washington State K-12 SEL
Standards and Benchmarks
Self Social
Self-Awareness: Benchmarks 1A, 1C
Self-Management: Benchmarks 2A-B
Self-Efficacy: Benchmarks 3B-C
Social Management: Benchmark 5A-C
Lesson: Money Basics Teaching Guide
Summary: This four-lesson guide takes students through financial education basics. Lily Learns About Wants
and Needs is the only book explicitly included (Lesson 3).
Grade: K-2
Source: Lerner Publishing Group
Permissions: Free online access and download. No registration required.
Resource: Needs vs Wants
Summary: Four activity ideas for reinforcing understanding of wants and needs.
Grade: K-2
Source: TeachHUB
Permissions: Free online access and download. No registration required.
Financial Education Public Private Partnership 1
Washington Office of Superintendent of Public Instruction
updated 2/1/2023
Lesson: Bouncing Ball Spending Game
Summary: (15-20 minutes) Kinesthetic learning activity has students answer spending questions while tossing a
ball in a circle.
Grade: 3-5
Source: Consumer Finance Protection Bureau
Additional Washington Learning Standards:
Not listed
Permissions: Unless otherwise noted, information created by
this U.S. Government website is in the public domain.
Resource: Lily Learns About Wants and Needs Coloring & Writing Pages
Summary: A coloring page and writing prompt sheet.
Grade: Ages 5-8+
Source: Financial Success for Kids (VA Credit Union)
Permissions: Free online access and download. No registration required.
Lesson: Using a Buying Plan
Summary: (45-60 minutes) Students consider wants and needs in the context of a buying a new computer as
they complete this worksheet.
Grade: 4-5
Source: Consumer Finance Protection Bureau
Additional Washington Learning Standards:
Not listed
Permissions: Unless otherwise noted, information created by
this U.S. Government website is in the public domain.
Lesson: Exploring Needs and Wants
Summary: (15-20 minutes) Post-reading lesson on needs and wants asks students to sort printable images.
Grade: K-2
Source: Consumer Finance Protection Bureau
Additional Washington Learning Standards:
Not listed
Permissions: Unless otherwise noted, information created by
this U.S. Government website is in the public domain.
Resource: Need or Want Game
Summary: Kinesthetic learning activity to identify needs versus wants.
Grade: K-1
Source: Consumer Finance Protection Bureau
Permissions: Unless otherwise noted, information created by this U.S. Government website is in the public
domain.
Financial Education Public Private Partnership 2
Washington Office of Superintendent of Public Instruction
updated 2/1/2023
License
Except where otherwise noted, this resource copyright Financial Education Public Private Partnership, Washington Office of
Superintendent of Public Instruction, is available under a Creative Commons Attribution-NonCommercial 4.0 International
License. All logos, trademarks, and video are property of their respective owners. Sections used under fair use doctrine (17
U.S.C. § 107) are marked.
This resource may contain links to websites operated by third parties. These links are provided for your convenience only and
do not constitute or imply any endorsement or monitoring by FEPPP or OSPI.
Financial Education Public Private Partnership 3
Washington Office of Superintendent of Public Instruction
updated 2/1/2023
