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Balancing a Family Budget is a free printable Grade 3 to Grade 5 social studies worksheet on balancing a family budget, aligned to C3 Framework indicator D2.Eco.1.3-5. It prints 6 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.

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

Balancing a Family Budget

D2.Eco.1.3-5

NameDate

Read the budget and answer the questions, then circle the best answers.

1.Look at the source, then answer the questions.

The Johnson Family's Budget for March

A family budget written for this worksheet. Income: paychecks, $2,800 Rent: $1,100 Food: $550 Car payment and gas: $450 Electricity and water: $250 Phone: $100 Concert tickets: $200 Eating out: $300 Total spending: $2,950

  1. 1. Why would cutting the rent be a poor way to fix this budget?
  2. 2. Is the budget balanced? Give the difference.
  3. 3. What is the family's total spending?
  4. 4. If the family cut eating out by $150, would the budget balance? Write the number sentences.
2.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$4,700
  • B.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  • C.$200
3.A family's income is $1,700. It spends $900 on rent, $400 on food and $500 on everything else. By how much is it short?
  • A.$200
  • B.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  • C.$3,500
4.Ty earns $60 a month and spends $45. How much can he save?
  • A.$60 − $45 = $15
  • B.$25
  • C.$105
5.Why should a family keep receipts and records of what it spends?
  • A.To check what it actually spent against its plan
  • B.To spend more next month
  • C.Because stores ask to see them later
6.A family's income is $2,000 and its expenses are $2,150. By how much is the budget over?
  • A.$4,150
  • B.$2,150 − $2,000 = $150
  • C.$50

LessonPrint · D2.Eco.1.3-5 · Set 10 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 10. Prints on its own sheet.

  1. 1.1. Rent pays for housing, which is a need, and cannot simply be cut. 2. No: $2,950 − $2,800 = $150 more than the income. 3. $2,950. 4. Yes: $2,950 − $150 = $2,800. That equals the income.
  2. 2.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  3. 3.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  4. 4.$60 − $45 = $15
  5. 5.To check what it actually spent against its plan
  6. 6.$2,150 − $2,000 = $150

Last reviewed 2026-09-05. Aligned to D2.Eco.1.3-5 of the C3 Framework for Social Studies State Standards.