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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 5 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. Which two lines were spent exactly as planned?
  2. 2. How much more did the family spend than it planned?
  3. 3. By how much did food go over its plan?
  4. 4. Which line came in under its plan, and by how much?
2.What is an emergency fund?
  • A.A loan from a store
  • B.Money set aside for a vacation
  • C.Savings kept for surprise costs such as repairs
3.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.$200
  • C.$4,700
4.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
5.Why is borrowing on a credit card every month to cover a budget shortfall risky?
  • A.The debt and the interest on it keep growing
  • B.Credit cards never charge interest
  • C.It makes the budget balance for good
6.Which of these is a need in a family budget?
  • A.Rent
  • B.Concert tickets
  • C.A new video game

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

Answer key — Balancing a Family Budget

Set 5. Prints on its own sheet.

  1. 1.1. Entertainment, and rent and other bills. 2. $2,980 − $2,900 = $80 more. 3. $560 − $500 = $60 over. 4. Gas: $200 − $180 = $20 under.
  2. 2.Savings kept for surprise costs such as repairs
  3. 3.$1,000 + $800 + $500 = $2,300; $2,400 − $2,300 = $100
  4. 4.$900 + $400 + $500 = $1,800; $1,800 − $1,700 = $100
  5. 5.The debt and the interest on it keep growing
  6. 6.Rent

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