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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 16 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. What was the family's income for June?
  2. 2. By how much did food go over its plan?
  3. 3. Did the family still spend less than its income? Write the number sentences.
  4. 4. Which two lines were spent exactly as planned?
2.Why should a family keep receipts and records of what it spends?
  • A.To spend more next month
  • B.Because stores ask to see them later
  • C.To check what it actually spent against its plan
3.What is an emergency fund?
  • A.Money set aside for a vacation
  • B.Savings kept for surprise costs such as repairs
  • C.A loan from a store
4.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.$200
  • C.$4,700
5.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
6.Which of these is a need in a family budget?
  • A.Rent
  • B.A new video game
  • C.Concert tickets

LessonPrint · D2.Eco.1.3-5 · Set 16 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 16. Prints on its own sheet.

  1. 1.1. $3,000. 2. $560 − $500 = $60 over. 3. Yes: $3,000 − $2,980 = $20 left. 4. Entertainment, and rent and other bills.
  2. 2.To check what it actually spent against its plan
  3. 3.Savings kept for surprise costs such as repairs
  4. 4.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  5. 5.The debt and the interest on it keep growing
  6. 6.Rent

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