Grade 5 Money Management Worksheet
A worksheet for 5th graders to practice essential money management skills, including budgeting, calculating change, and understanding financial terms.
Includes
Standards
Topics
Money Management Skills
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. Show your work where necessary.
1. Money you earn from working is called .
2. A plan for how you will spend and save your money is called a .
3. The amount of money you have left after buying something is called .
4. You buy a toy for $7.25 and pay with a $10 bill. How much change should you receive?
$2.75
$3.75
$17.25
$10.00
5. A pack of pencils costs $1.80. If you pay with a $5 bill, how much change will you get?
$3.20
$4.20
$6.80
$5.00
6. Sarah has $25.00. She wants to buy a book for $12.50 and a new pen for $3.75. Does she have enough money? How much money will she have left or how much more does she need?
7. Saving money means spending it all at once.
True
False
8. It is important to know the cost of items before you buy them.
True
False
Use the words below to complete the sentences.
9. My parents teach me to money for things I want to buy later.
10. I need to create a to make sure I don't spend all my allowance.