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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 17 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. What is the family's total spending?
  2. 2. If the family cut eating out by $150, would the budget balance? Write the number sentences.
  3. 3. Which two lines are wants the family could cut?
  4. 4. How much does the family spend on eating out?
2.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.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  • B.$200
  • C.$3,500
3.A family saves $300 a month for 4 months. How much has it saved?
  • A.4 × $300 = $1,200
  • B.$700
  • C.$304
4.Why should a family keep receipts and records of what it spends?
  • A.To spend more next month
  • B.To check what it actually spent against its plan
  • C.Because stores ask to see them later
5.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
6.What does it mean when a budget is balanced?
  • A.There is no income at all
  • B.Spending is more than income
  • C.Spending and saving add up to no more than income

LessonPrint · D2.Eco.1.3-5 · Set 17 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 17. Prints on its own sheet.

  1. 1.1. $2,950. 2. Yes: $2,950 − $150 = $2,800. That equals the income. 3. Eating out and concert tickets. 4. $300 on eating out.
  2. 2.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  3. 3.4 × $300 = $1,200
  4. 4.To check what it actually spent against its plan
  5. 5.$240 − $200 = $40
  6. 6.Spending and saving add up to no more than income

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