Saving Money Worksheet
Grade 5 Math worksheet focusing on financial literacy concepts related to saving money, including understanding income, expenses, and setting savings goals.
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Saving Money Worksheet
Name:
Date:
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Read each question carefully and answer to the best of your ability. Show your work where necessary.
1. What is the money you earn from working called?
Expenses
Savings
Income
Debt
2. Which of these is an example of an expense?
Money earned from mowing a lawn
Money saved for a new bike
Money spent on a movie ticket
Money received as a birthday gift
1. When you put money aside for future use, you are .
2. A plan for how you will spend and save your money is called a .
3. The money you have left after paying for all your expenses is your .
1. Sarah wants to buy a new video game that costs $45. She has saved $15. How much more money does she need to save?
2. Explain why it is important to save money.
1. Saving money means spending all your income immediately.
True
False
2. A savings goal is something you want to buy or achieve in the future with your saved money.
True
False
Think about something you want to save money for. Draw or describe your savings goal below.
A bank is a place where you can save your money safely. Here is an illustration of a bank building:
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