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When Spending Is More Than Income is a free printable Grade 3 to Grade 5 social studies worksheet on what to do when spending is more than income, aligned to C3 Framework indicator D2.Eco.1.3-5. It prints 7 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 2 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.

When Spending Is More Than Income

D2.Eco.1.3-5

NameDate

Circle the best answer, then write your plan.

1.Which expense is usually easiest to lower quickly?
  • A.A car loan payment
  • B.Rent under a one-year lease
  • C.Entertainment such as movies and games
2.Which is a fixed expense that stays the same each month?
  • A.Groceries
  • B.Rent
  • C.Eating out
3.Which is a variable expense that changes from month to month?
  • A.Groceries
  • B.Rent
  • C.A car loan payment
4.Why is paying for the gap with a credit card every month risky?
  • A.Credit cards make income larger
  • B.The debt grows, and interest is added to it
  • C.The credit card pays the bill for good
5.When is it right to use money from an emergency fund?
  • A.For a new video game
  • B.For a surprise need such as a car repair
  • C.For a vacation
6.What does it mean to postpone a purchase?
  • A.To wait until you have saved enough to buy it
  • B.To buy it twice
  • C.To borrow money for it right away
7.A surprise car repair arrives in a month when the family has no money left over. Write what the family could do, and one good and one bad point about each choice.
  • I gave at least two choices.
  • I gave a good point and a bad point for each one.
  • I said which choice I would pick and why.

LessonPrint · D2.Eco.1.3-5 · Set 2 · free to copy for classroom use

Answer key — When Spending Is More Than Income

Set 2. Prints on its own sheet.

  1. 1.Entertainment such as movies and games
  2. 2.Rent
  3. 3.Groceries
  4. 4.The debt grows, and interest is added to it
  5. 5.For a surprise need such as a car repair
  6. 6.To wait until you have saved enough to buy it
  7. 7.Two or more choices for the repair (an emergency fund, cutting wants, postponing other spending, borrowing) with a good and bad point for each and a reasoned pick.

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