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Family Finances Worksheet

A worksheet for 3rd graders to learn about family finances, including income, expenses, saving, and spending.

Grade 3 Social studies EconomicsFamily Finances
Use This Worksheet

Includes

Fill in the BlanksMultiple ChoiceTrue / FalseShort AnswerImage

Standards

C3.D2.Eco.1.3-5.Md.1.3-5

Topics

family financeseconomicsgrade 3moneysavingspending
7 sections · Free to use · Printable
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Family Finances Fun!

Name:

Date:

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Read each question carefully and answer to the best of your ability. This worksheet will help you learn about how families manage their money!

1. The money a family earns is called  .

2. Things a family buys, like food or clothes, are called  .

3. When you put money away to use later, you are  .

4. Deciding how to use money is called making  .

1. Which of these is an example of an income for a family?

a

Buying groceries

b

Paying rent

c

A parent's paycheck

d

Going to the movies

2. Which of these is an example of an expense for a family?

a

Selling old toys

b

Getting a birthday gift

c

Earning allowance

d

Paying for electricity

1. It is important for families to save money for future needs.

T

True

F

False

2. Spending all your money as soon as you get it is a good way to manage money.

T

True

F

False

1. Name two things your family spends money on each month.

2. Why is saving money important?

Look at the image of different types of money below.

Philippine peso banknotes and coins

What do you notice about the money in the picture?