Skip to content
LessonPrint

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 21 of 25 · the same problems every time you open this link.

Next set

One paper per student

12345678910111213141516171819202122232425

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. How much more than its income does the family spend in October?
  2. 2. What is the family's total spending with the repair?
  3. 3. How much does the car repair cost?
  4. 4. How much is in the emergency fund?
2.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$200
  • B.$4,700
  • C.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
3.What does it mean when a budget is balanced?
  • A.Spending and saving add up to no more than income
  • B.Spending is more than income
  • C.There is no income at all
4.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.It makes the budget balance for good
  • B.Credit cards never charge interest
  • C.The debt and the interest on it keep growing
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.$3,500
  • B.$200
  • C.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
6.Which of these is a need in a family budget?
  • A.Concert tickets
  • B.Rent
  • C.A new video game

LessonPrint · D2.Eco.1.3-5 · Set 21 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 21. Prints on its own sheet.

  1. 1.1. $2,800 + $400 = $3,200; $3,200 − $3,000 = $200 more. 2. $2,800 + $400 = $3,200. 3. $400. 4. $1,000.
  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.The debt and the interest on it keep growing
  5. 5.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  6. 6.Rent

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