My Personal Allowance
A worksheet for 3rd graders to learn about personal allowance, saving, and spending money wisely.
Includes
Standards
Topics
My Personal Allowance
Name:
Date:
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand how to manage your personal allowance.
1. What is an 'allowance'?
Money you get for free
Money you earn for doing chores
Money your parents give you regularly
All of the above
2. Why is it important to save some of your allowance?
To buy everything you want right away
To buy bigger things later
To give all your money away
So you don't have to spend it
3. When you decide how to spend your allowance, you are making a .
4. If you want to buy a toy that costs more than your weekly allowance, you should your money.
5. It is okay to spend all your allowance as soon as you get it.
True
False
6. Saving money means keeping it for something you want to buy later.
True
False
7. What is one thing you would like to save your allowance for?
8. Name two ways you could earn money to get more allowance.
Use the words below to complete the sentences.
9. When you use your money to buy something, you it.
10. Doing chores can help you more money for your allowance.