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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 13 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 Brown Family: A Surprise Repair

A family budget written for this worksheet. Income for October: $3,000 Regular spending for October: $2,800 Surprise car repair: $400 Emergency fund in savings: $1,000

  1. 1. Why is an emergency fund useful in a month like this?
  2. 2. What is the family's total spending with the repair?
  3. 3. How much is left in the emergency fund if the family takes out $200?
  4. 4. How much more than its income does the family spend in October?
2.What is an emergency fund?
  • A.Money set aside for a vacation
  • B.A loan from a store
  • C.Savings kept for surprise costs such as repairs
3.What does it mean when a budget is balanced?
  • A.Spending is more than income
  • B.Spending and saving add up to no more than income
  • C.There is no income at all
4.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$240 − $200 = $40
  • B.$440
  • C.$20
5.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$4,700
  • B.$200
  • C.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
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 13 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 13. Prints on its own sheet.

  1. 1.1. It pays for a surprise cost such as the car repair without borrowing. 2. $2,800 + $400 = $3,200. 3. $1,000 − $200 = $800. 4. $2,800 + $400 = $3,200; $3,200 − $3,000 = $200 more.
  2. 2.Savings kept for surprise costs such as repairs
  3. 3.Spending and saving add up to no more than income
  4. 4.$240 − $200 = $40
  5. 5.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  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.