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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 20 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 change raises income?
  • A.Shopping at a cheaper store
  • B.Working extra hours or taking a second job
  • C.Canceling a phone plan
2.What does it mean to postpone a purchase?
  • A.To borrow money for it right away
  • B.To buy it twice
  • C.To wait until you have saved enough to buy it
3.How does comparing prices before buying help with a shortfall?
  • A.It raises the family's income
  • B.It makes prices go up
  • C.It lowers spending on things the family needs anyway
4.Which change cuts spending on a want?
  • A.Eating at restaurants less often
  • B.Not paying the rent
  • C.Buying a bigger TV
5.Which is a fixed expense that stays the same each month?
  • A.Rent
  • B.Groceries
  • C.Eating out
6.Why is paying for the gap with a credit card every month risky?
  • A.Credit cards make income larger
  • B.The credit card pays the bill for good
  • C.The debt grows, and interest is added to it
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 20 · free to copy for classroom use

Answer key — When Spending Is More Than Income

Set 20. Prints on its own sheet.

  1. 1.Working extra hours or taking a second job
  2. 2.To wait until you have saved enough to buy it
  3. 3.It lowers spending on things the family needs anyway
  4. 4.Eating at restaurants less often
  5. 5.Rent
  6. 6.The debt grows, and interest is added to 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.