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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 22 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. What is the family's income for May?
  2. 2. If the family moved $50 from fun and eating out into savings, how much would savings be?
  3. 3. How much does the family plan to spend on food?
  4. 4. Which line is money the family keeps for later?
2.What does it mean when a budget is balanced?
  • A.Spending and saving add up to no more than income
  • B.There is no income at all
  • C.Spending is more than income
3.A family saves $300 a month for 4 months. How much has it saved?
  • A.4 × $300 = $1,200
  • B.$304
  • C.$700
4.Ty earns $60 a month and spends $45. How much can he save?
  • A.$25
  • B.$105
  • C.$60 − $45 = $15
5.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.Credit cards never charge interest
  • B.It makes the budget balance for good
  • C.The debt and the interest on it keep growing
6.A family's income is $2,000 and its expenses are $2,150. By how much is the budget over?
  • A.$4,150
  • B.$2,150 − $2,000 = $150
  • C.$50

LessonPrint · D2.Eco.1.3-5 · Set 22 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 22. Prints on its own sheet.

  1. 1.1. $3,200 from paychecks. 2. $300 + $50 = $350. 3. $600 on food. 4. Savings, $300.
  2. 2.Spending and saving add up to no more than income
  3. 3.4 × $300 = $1,200
  4. 4.$60 − $45 = $15
  5. 5.The debt and the interest on it keep growing
  6. 6.$2,150 − $2,000 = $150

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