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Saving Up and Paying Back is a free printable Grade 3 to Grade 5 social studies worksheet on figuring out savings plans and the cost of credit, aligned to C3 Framework indicator D2.Eco.10.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

Set 21 of 25 · the same problems every time you open this link.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Saving Up and Paying Back

D2.Eco.10.3-5

NameDate

Circle the answer that shows the work.

1.When do people use credit?
  • A.Only when they have too much money
  • B.When what they want or need costs more than they can pay right now
  • C.Never, because credit is free money
2.Maria saves $3 a week for 10 weeks for a gift. How much does she save?
  • A.$13
  • B.$33
  • C.10 × $3 = $30
3.Who must pay back money borrowed on credit?
  • A.The lender
  • B.The store clerk
  • C.The borrower
4.Why does saving up first often cost less than buying on credit?
  • A.When you save first, you pay no interest
  • B.Stores charge savers more
  • C.Saving adds a tax
5.What is credit?
  • A.Money you are given as a gift
  • B.Borrowing money now and paying it back later
  • C.Money you earn by working
6.What can happen if a borrower does not pay back a loan?
  • A.The loan turns into a gift
  • B.The borrower earns interest
  • C.The lender may charge more and not lend to them again
7.Dev buys a $50 bike on credit and pays $5 interest. How much does the bike really cost him?
  • A.$45
  • B.$50
  • C.$50 + $5 = $55
8.What is interest on a loan?
  • A.A discount on the price
  • B.Extra money the borrower pays the lender for using the money
  • C.Money the lender gives away

LessonPrint · D2.Eco.10.3-5 · Set 21 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 21. Prints on its own sheet.

  1. 1.When what they want or need costs more than they can pay right now
  2. 2.10 × $3 = $30
  3. 3.The borrower
  4. 4.When you save first, you pay no interest
  5. 5.Borrowing money now and paying it back later
  6. 6.The lender may charge more and not lend to them again
  7. 7.$50 + $5 = $55
  8. 8.Extra money the borrower pays the lender for using the money

Last reviewed 2026-09-05. Aligned to D2.Eco.10.3-5 of the C3 Framework for Social Studies State Standards.