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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 12 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 Patel Family: Plan and Actual Spending

A family budget written for this worksheet. Income for June: $3,000 Food: planned $500, actually spent $560 Gas: planned $200, actually spent $180 Electricity: planned $150, actually spent $190 Entertainment: planned $100, actually spent $100 Rent and other bills: planned $1,950, actually spent $1,950 Total planned spending: $2,900 Total actual spending: $2,980

  1. 1. By how much did food go over its plan?
  2. 2. Did the family still spend less than its income? Write the number sentences.
  3. 3. Which line came in under its plan, and by how much?
  4. 4. How much more did the family spend than it planned?
2.Why should a family keep receipts and records of what it spends?
  • A.Because stores ask to see them later
  • B.To check what it actually spent against its plan
  • C.To spend more next month
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.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$20
  • B.$440
  • C.$240 − $200 = $40
5.A family saves $300 a month for 4 months. How much has it saved?
  • A.4 × $300 = $1,200
  • B.$304
  • C.$700
6.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  • B.$4,700
  • C.$200

LessonPrint · D2.Eco.1.3-5 · Set 12 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 12. Prints on its own sheet.

  1. 1.1. $560 − $500 = $60 over. 2. Yes: $3,000 − $2,980 = $20 left. 3. Gas: $200 − $180 = $20 under. 4. $2,980 − $2,900 = $80 more.
  2. 2.To check what it actually spent against its plan
  3. 3.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  4. 4.$240 − $200 = $40
  5. 5.4 × $300 = $1,200
  6. 6.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100

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