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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 2 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 Brown Family: A Surprise Repair

A family budget written for this worksheet. Income for October: $3,000 Regular spending for October: $2,800 Surprise car repair: $400 Emergency fund in savings: $1,000

  1. 1. What is the family's total spending with the repair?
  2. 2. Why is an emergency fund useful in a month like this?
  3. 3. How much does the car repair cost?
  4. 4. How much is left in the emergency fund if the family takes out $200?
2.A family saves $300 a month for 4 months. How much has it saved?
  • A.$304
  • B.4 × $300 = $1,200
  • C.$700
3.A family's income is $2,000 and its expenses are $2,150. By how much is the budget over?
  • A.$2,150 − $2,000 = $150
  • B.$4,150
  • C.$50
4.What does it mean when a budget is balanced?
  • A.Spending is more than income
  • B.There is no income at all
  • C.Spending and saving add up to no more than income
5.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.$3,500
  • C.$200
6.Why should a family keep receipts and records of what it spends?
  • A.To check what it actually spent against its plan
  • B.To spend more next month
  • C.Because stores ask to see them later

LessonPrint · D2.Eco.1.3-5 · Set 2 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 2. Prints on its own sheet.

  1. 1.1. $2,800 + $400 = $3,200. 2. It pays for a surprise cost such as the car repair without borrowing. 3. $400. 4. $1,000 − $200 = $800.
  2. 2.4 × $300 = $1,200
  3. 3.$2,150 − $2,000 = $150
  4. 4.Spending and saving add up to no more than income
  5. 5.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  6. 6.To check what it actually spent against its plan

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