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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 20 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. By how much did food go over its plan?
  2. 2. Which two lines were spent exactly as planned?
  3. 3. Which line came in under its plan, and by how much?
  4. 4. How much more did the family spend than it planned?
2.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.Credit cards never charge interest
  • B.The debt and the interest on it keep growing
  • C.It makes the budget balance for good
3.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
4.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
5.Which of these is a need in a family budget?
  • A.Rent
  • B.A new video game
  • C.Concert tickets
6.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$20
  • B.$240 − $200 = $40
  • C.$440

LessonPrint · D2.Eco.1.3-5 · Set 20 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 20. Prints on its own sheet.

  1. 1.1. $560 − $500 = $60 over. 2. Entertainment, and rent and other bills. 3. Gas: $200 − $180 = $20 under. 4. $2,980 − $2,900 = $80 more.
  2. 2.The debt and the interest on it keep growing
  3. 3.Spending and saving add up to no more than income
  4. 4.Savings kept for surprise costs such as repairs
  5. 5.Rent
  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.