Social studies worksheet · Needs and wants

You Can Only Pick One

Four simple trade-off choices (a kite or a puzzle, the pool or the park): kids pick one, write what they gave up and explain why.

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Grade level
Grades K–2
Time
About 15 minutes
Answer key
Not needed: answers vary
Kids practice
Needs and wants, Money and choices, Goods and services, Basic economics

What kids do

“When you pick one thing, you give up the other. That is called a trade-off. Make each choice, then say what you gave up.”

Printed on the sheet:

  1. Which choice was hardest? Why?

Teacher tip

Ask kids what they gave up and if it was worth it.

How to use it

  • Talk about how needs are the same for everyone, and wants are different.
  • Connect it to a class store or a pretend shopping trip.
  • Use finished sheets for a quick gallery walk or a partner share.

Watch for

Money can be a sensitive topic. Keep examples pretend and never ask about family income.

Talk about it

  • Why do we have to make choices with money?
  • How does this connect to where we live?

Take it further

Plan a pretend class party on a budget.

US Letter, prints well in black and white. Free for home and classroom use: print as many copies as you need.

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