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 4 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 Johnson Family's Budget for March

A family budget written for this worksheet. Income: paychecks, $2,800 Rent: $1,100 Food: $550 Car payment and gas: $450 Electricity and water: $250 Phone: $100 Concert tickets: $200 Eating out: $300 Total spending: $2,950

  1. 1. How much does the family spend on eating out?
  2. 2. Which two lines are wants the family could cut?
  3. 3. Is the budget balanced? Give the difference.
  4. 4. If the family cut eating out by $150, would the budget balance? Write the number sentences.
2.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
3.Why should a family keep receipts and records of what it spends?
  • A.To spend more next month
  • B.To check what it actually spent against its plan
  • C.Because stores ask to see them later
4.What does it mean when a budget is balanced?
  • A.There is no income at all
  • B.Spending and saving add up to no more than income
  • C.Spending is more than income
5.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.It makes the budget balance for good
  • B.The debt and the interest on it keep growing
  • C.Credit cards never charge interest
6.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.$200
  • C.$3,500

LessonPrint · D2.Eco.1.3-5 · Set 4 · free to copy for classroom use

Answer key — Balancing a Family Budget

Set 4. Prints on its own sheet.

  1. 1.1. $300 on eating out. 2. Eating out and concert tickets. 3. No: $2,950 − $2,800 = $150 more than the income. 4. Yes: $2,950 − $150 = $2,800. That equals the income.
  2. 2.Savings kept for surprise costs such as repairs
  3. 3.To check what it actually spent against its plan
  4. 4.Spending and saving add up to no more than income
  5. 5.The debt and the interest on it keep growing
  6. 6.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100

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