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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.

Set 11 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.

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 Garcia Family's Budget for May

A family budget written for this worksheet. Income: paychecks, $3,200 Rent: $1,200 Food: $600 Car and gas: $400 Electricity and water: $200 Phone and internet: $150 Savings: $300 Fun and eating out: $250 Total planned spending and saving: $3,100

  1. 1. How much does the family plan to spend on food?
  2. 2. If the family moved $50 from fun and eating out into savings, how much would savings be?
  3. 3. How much does the family spend on rent and food together?
  4. 4. What is the family's income for May?
2.Ty earns $60 a month and spends $45. How much can he save?
  • A.$60 − $45 = $15
  • B.$25
  • C.$105
3.Why should a family keep receipts and records of what it spends?
  • A.To spend more next month
  • B.To check what it actually spent against its plan
  • C.Because stores ask to see them later
4.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.It makes the budget balance for good
  • B.The debt and the interest on it keep growing
  • C.Credit cards never charge interest
5.What is an emergency fund?
  • A.A loan from a store
  • B.Savings kept for surprise costs such as repairs
  • C.Money set aside for a vacation
6.What does it mean when a budget is balanced?
  • A.Spending and saving add up to no more than income
  • B.There is no income at all
  • C.Spending is more than income

LessonPrint · D2.Eco.1.3-5 · Set 11 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 11. Prints on its own sheet.

  1. 1.1. $600 on food. 2. $300 + $50 = $350. 3. $1,200 + $600 = $1,800. 4. $3,200 from paychecks.
  2. 2.$60 − $45 = $15
  3. 3.To check what it actually spent against its plan
  4. 4.The debt and the interest on it keep growing
  5. 5.Savings kept for surprise costs such as repairs
  6. 6.Spending and saving add up to no more than income

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