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Income and Expenses Worksheet

A second-grade math worksheet focused on understanding income and expenses, including identifying sources of income and types of expenses.

Grade 2 Math Financial LiteracyIncome and Expenses
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Includes

2 Fill in the Blanks2 Multiple ChoiceTrue / FalseShort Answer

Standards

CCSS.MATH.CONTENT.2.MD.C.8

Topics

mathfinancial literacyincomeexpensesgrade 2
8 sections · Free to use · Printable
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Income and Expenses Fun!

Name:

Date:

Score:

Read each question carefully and answer to the best of your ability. This worksheet will help you learn about earning money (income) and spending money (expenses).

Income is the money you  .

People can earn income by   or by selling things.

1. Which of these is a way a child can earn income?

a

Playing with toys

b

Helping with chores

c

Eating dinner

d

Watching TV

Expenses are the money you  .

When you buy something, that is an  .

2. Which of these is an expense?

a

Getting your allowance

b

Finding money on the ground

c

Buying an ice cream cone

d

Receiving a birthday gift

3. When you buy a new pencil, it is an income.

T

True

F

False

4. When your parent gives you money for helping, it is an income.

T

True

F

False

5. Name one way you can earn income at home.

6. Name one thing you might spend your money on (an expense).