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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 18 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 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. How much does the family plan to spend on food?
  2. 2. Is the budget balanced? Give the amount left over.
  3. 3. What is the family's income for May?
  4. 4. If the family moved $50 from fun and eating out into savings, how much would savings be?
2.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
3.What does it mean when a budget is balanced?
  • A.There is no income at all
  • B.Spending and saving add up to no more than income
  • C.Spending is more than income
4.Which of these is a need in a family budget?
  • A.Rent
  • B.A new video game
  • C.Concert tickets
5.What is an emergency fund?
  • A.A loan from a store
  • B.Savings kept for surprise costs such as repairs
  • C.Money set aside for a vacation
6.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$440
  • B.$240 − $200 = $40
  • C.$20

LessonPrint · D2.Eco.1.3-5 · Set 18 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 18. Prints on its own sheet.

  1. 1.1. $600 on food. 2. Yes: $3,200 − $3,100 = $100 left over. 3. $3,200 from paychecks. 4. $300 + $50 = $350.
  2. 2.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  3. 3.Spending and saving add up to no more than income
  4. 4.Rent
  5. 5.Savings kept for surprise costs such as repairs
  6. 6.$240 − $200 = $40

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