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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 14 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 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. If the family cut eating out by $150, would the budget balance? Write the number sentences.
  2. 2. Why would cutting the rent be a poor way to fix this budget?
  3. 3. What is the family's total spending?
  4. 4. How much does the family spend on eating out?
2.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.The debt and the interest on it keep growing
  • B.Credit cards never charge interest
  • C.It makes the budget balance for good
3.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$200
  • B.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  • C.$4,700
4.Ty earns $60 a month and spends $45. How much can he save?
  • A.$105
  • B.$25
  • C.$60 − $45 = $15
5.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
6.Which of these is a need in a family budget?
  • A.Concert tickets
  • B.A new video game
  • C.Rent

LessonPrint · D2.Eco.1.3-5 · Set 14 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 14. Prints on its own sheet.

  1. 1.1. Yes: $2,950 − $150 = $2,800. That equals the income. 2. Rent pays for housing, which is a need, and cannot simply be cut. 3. $2,950. 4. $300 on eating out.
  2. 2.The debt and the interest on it keep growing
  3. 3.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  4. 4.$60 − $45 = $15
  5. 5.$240 − $200 = $40
  6. 6.Rent

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