My Family's Money
A first-grade social studies worksheet introducing basic concepts of family finances, including needs, wants, earning, and saving.
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My Family's Money
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. This worksheet is about how families use money.
1. Which of these is something your family NEEDS to live?
A new toy
Food
Candy
Video game
2. Which of these is something your family WANTS but does not need?
A home
New clothes
Electricity
Vacation to the beach
3. People work to money.
4. When your parents go to work, they are money for your family.
5. Saving money means spending all of it right away.
True
False
6. It is a good idea to save money for things you want in the future.
True
False
7. Name one way your family uses money to buy things they need.
8. Name one way your family uses money to buy things they want.