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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 19 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. Is the budget balanced? Give the difference.
  3. 3. If the family cut eating out by $150, would the budget balance? Write the number sentences.
  4. 4. Which two lines are wants the family could cut?
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 saves $300 a month for 4 months. How much has it saved?
  • A.4 × $300 = $1,200
  • B.$700
  • C.$304
4.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
5.Why should a family keep receipts and records of what it spends?
  • A.Because stores ask to see them later
  • B.To spend more next month
  • C.To check what it actually spent against its plan
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 19 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 19. Prints on its own sheet.

  1. 1.1. $2,950. 2. No: $2,950 − $2,800 = $150 more than the income. 3. Yes: $2,950 − $150 = $2,800. That equals the income. 4. Eating out and concert tickets.
  2. 2.The debt and the interest on it keep growing
  3. 3.4 × $300 = $1,200
  4. 4.Savings kept for surprise costs such as repairs
  5. 5.To check what it actually spent against its plan
  6. 6.Rent

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