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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 24 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.Why does saving up first often cost less than buying on credit?
  • A.Saving adds a tax
  • B.When you save first, you pay no interest
  • C.Stores charge savers more
3.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
4.What is one benefit of a savings plan?
  • A.You never have to wait
  • B.Money grows steadily toward a goal, like college
  • C.Prices stop changing
5.Maria saves $3 a week for 10 weeks for a gift. How much does she save?
  • A.10 × $3 = $30
  • B.$33
  • C.$13
6.Kim needs $24 for a trip. She saves $4 a week. How many weeks will it take?
  • A.20 weeks
  • B.28 weeks
  • C.$24 ÷ $4 = 6 weeks
7.What is interest on a loan?
  • A.Money the lender gives away
  • B.A discount on the price
  • C.Extra money the borrower pays the lender for using the money
8.Eli borrows $20 and must pay $2 interest. How much does he pay back in all?
  • A.$18
  • B.$20 + $2 = $22
  • C.$20

LessonPrint · D2.Eco.10.3-5 · Set 24 · free to copy for classroom use

Answer key — Saving Up and Paying Back

Set 24. Prints on its own sheet.

  1. 1.When what they want or need costs more than they can pay right now
  2. 2.When you save first, you pay no interest
  3. 3.Borrowing money now and paying it back later
  4. 4.Money grows steadily toward a goal, like college
  5. 5.10 × $3 = $30
  6. 6.$24 ÷ $4 = 6 weeks
  7. 7.Extra money the borrower pays the lender for using the money
  8. 8.$20 + $2 = $22

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