Skip to content
LessonPrint

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 15 of 25 · the same problems every time you open this link.

Next set

One paper per student

12345678910111213141516171819202122232425

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. Is the budget balanced? Give the amount left over.
  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 plan to spend on food?
  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.$25
  • B.$105
  • C.$60 − $45 = $15
3.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$20
  • B.$240 − $200 = $40
  • C.$440
4.What is an emergency fund?
  • A.Savings kept for surprise costs such as repairs
  • B.A loan from a store
  • C.Money set aside for a vacation
5.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
6.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.$3,500
  • B.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  • C.$200

LessonPrint · D2.Eco.1.3-5 · Set 15 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 15. Prints on its own sheet.

  1. 1.1. Yes: $3,200 − $3,100 = $100 left over. 2. $300 + $50 = $350. 3. $600 on food. 4. $3,200 from paychecks.
  2. 2.$60 − $45 = $15
  3. 3.$240 − $200 = $40
  4. 4.Savings kept for surprise costs such as repairs
  5. 5.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  6. 6.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100

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