Wants vs. Needs

What’s more important to you?

What is a Need?• A need is anything you require to surviveHere are some examples:• Food• Air• Water• Clothes• Shelter• Social Contact• Self-Esteem• Reaching your goals in life

What is a Want?

• A want is something you desire, but can live without

Here are some examples:• Going out to a restaurant• Buying an expensive pair of jeans• A new car• An i-pod• Taking a vacation

• April 1, 1908 – June 8, 1970• 1 of 7 children• Jewish, parents uneducated• Married Bertha Goodman, first cousin• Received BA (1930), MA (1931) and PhD (1934) all

from University of Wisconsin• Professor at Brooklyn College (1937-51)

and Brandeis University (1951-61)• Considered to be the founder of

humanistic psychology.

ABRAHAM MASLOW

What is Maslow’s Theory?

• Maslow’s theory maintains that a person does not feel a higher need until the needs of the current level have been satisfied

• Maslow's basic needs are as follows:

Maslow’sHierarchyOf Needs

• Safety Needs

• Social Needs

• Physiological Needs

•Esteem Needs

• Self-Actualization

The hierarchy has five levels:

• Physiological Needs: oxygen, water, protein, salt, sugar, calcium and other minerals and vitamins, shelter and sleep etc…

• Safety Needs: security, stability, protection from physical and emotional harm

• Social Needs: affection, belonging, acceptance, friendship, community

• Esteem Needs: (Internal ones are need for self-respect, confidence, autonomy, and achievement. External ones are need for respect of others, status, fame, glory, recognition and attention.)

• Self-actualization: Realizing one’s potential, reaching goals

Physiological Needs

• Food• Air• Water• Clothing• Shelter

Safety Needs

Protection from harm

Stability Pain Avoidance Routine/Order Financial Safety

Social Needs

Affection Attention Acceptance Inclusion Love

Esteem Needs

Esteem

Self-Respect Self-Esteem Respected by

Others

Self-Actualization Achieve full

potential Fulfillment Reach your

goals

Esteem

Self-Actualization

Safety

Belonging

Physiological

Your Assignment:• Go onto the computer• http

://www.myteacherpages.com/webpages/JRugolo/• Choose class resources on left side of screen• Bookmark this site• Select Money Management• Select Hierarchy of Needs assignment • Create a Money Management folder on computer• Save & Print

Due end of Next Class!