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\f0\b\fs26 \cf0 \ul \ulc0 Knowing the Difference Between Wants and Needs\cf2 \ulnone \
\cf0 Case Study 1:
\b0\fs24 \

\fs26 Casey is preparing to leave for college in the fall. She lives in New York, but will be going to school in California, so she is planning on buying a car to get her there. She wants to buy something reliable, so she is deciding between a new car that will cost $17,000 with zero miles and a navigation system and a three-year-old car with 7,000 miles and no navigation system for $12,000. She has $10,000 in savings that she will use for the purchase and will take out a loan for the remaining amount.
\fs24 \

\fs26 What are the wants?
\fs24 \

\fs26 What are the needs?
\fs24 \

\fs26 What decision would you make and why?
\fs24 \

\b\fs26 Case Study 2:
\b0\fs24 \

\fs26 Tom has been saving for a new laptop for the past six months. He\'92s done his research and found a model that experts say will more than meet his needs. But new, it costs $3,000. He also found a refurbished version of the same computer with all of the same features online for $1,500. The refurbished laptop comes with a warranty and Tom bought a refurbished portable music player from the same company with no problems. Tom\'92s third option is a brand new laptop that costs $1,800 and has all of the features he needs but not all of the ones he wants.
\fs24 \

\fs26 What are the wants?
\fs24 \

\fs26 What are the needs?
\fs24 \

\fs26 What decision would you make and why?\

\b Case Study 3: 
\b0\fs24 \

\fs26 Stephanie received $500 from her grandparents for her high school graduation. She\'92s been longing to buy a new watch and update her wardrobe because she\'92s starting a new job in two weeks, but next month she\'92s moving out on her own and will need to pay three months rent in advance, which totals $1,500. If she uses the money to buy the watch and clothes, she thinks she can save enough money from her new job to pay for rent, but she\'92s not sure.
\fs24 \

\fs26 What are the wants?
\fs24 \

\fs26 What are the needs?
\fs24 \

\fs26 What decision would you make and why?
\fs24 \

\b\fs26 Case Study 4:
\b0\fs24 \

\fs26 Michelle\'92s been invited to go to a three-day concert with her friends. The only catch is that it\'92s a 9-hour drive, and traveling for an entire weekend means she\'92ll need lots of cash. She estimates that gas, food, tickets and camping will cost around $400. She has a car payment of $250 coming up and her $89 cell phone bill is due at the end of the month. She also needs to buy her mom a birthday gift, which she thinks will cost $50. She has $700 in savings.
\fs24 \

\fs26 What are the wants?
\fs24 \

\fs26 What are the needs?
\fs24 \

\fs26 What decision would you make and why?
\fs24 \
}