Income and Expenses Worksheet
A Grade 3 math worksheet covering basic concepts of income and expenses, including identifying sources of income and types of expenses.
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Income and Expenses
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand how people earn money (income) and how they spend it (expenses).
1. Which of these is an example of income?
Buying a new toy
Earning money for chores
Paying for lunch
Saving money in a piggy bank
2. When your parents get paid for their work, that money is called their .
3. If you sell lemonade, the money you make is your .
4. An expense is money you earn.
True
False
5. Name two things your family might spend money on each month (these are expenses).
Match each item on the left with the correct category on the right.
6. Babysitting money
a. Expense
7. Buying groceries
b. Income
8. Selling old toys
c. Income
9. Paying for electricity
d. Expense
10. If you have more income than expenses, what happens to your money?
You lose it
You save it
You spend it all
It disappears