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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.

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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. How much does the family spend on rent and food together?
  2. 2. How much does the family plan to spend on food?
  3. 3. Which line is money the family keeps for later?
  4. 4. Is the budget balanced? Give the amount left over.
2.Lena budgets $200 for food in a month but spends $240. How much over her budget did she go?
  • A.$20
  • B.$440
  • C.$240 − $200 = $40
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.A family's income is $2,400. Its expenses are $1,000, $800 and $500. How much is left?
  • A.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  • B.$4,700
  • C.$200
5.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
6.Why should a family keep receipts and records of what it spends?
  • A.To spend more next month
  • B.Because stores ask to see them later
  • C.To check what it actually spent against its plan

LessonPrint · D2.Eco.1.3-5 · Set 25 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 25. Prints on its own sheet.

  1. 1.1. $1,200 + $600 = $1,800. 2. $600 on food. 3. Savings, $300. 4. Yes: $3,200 − $3,100 = $100 left over.
  2. 2.$240 − $200 = $40
  3. 3.4 × $300 = $1,200
  4. 4.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  5. 5.Spending and saving add up to no more than income
  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.