Grade 6 Budget Planning Worksheet
A worksheet for 6th graders to practice budget planning, including income, expenses, and savings.
Includes
Standards
Topics
Budget Planning Basics
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. Show your work where necessary.
1. Money you earn or receive is called .
2. Money you spend on needs or wants is called an .
3. A plan for how to spend and save money is called a .
4. Setting aside money for future use is called .
5. Which of the following is considered a 'need'?
New video game
Food
Concert tickets
Movie rental
6. Imagine you receive $20 for your birthday. You want to buy a new book that costs $12 and save the rest. How much money will you save?
7. Complete the budget table below for a week. Calculate the total income, total expenses, and the money left over.
Item
Income (+)
Expense (-)
Allowance
$15
Snacks
$5
Help with chores
$10
School supplies
$8
Total Income:
Total Expenses:
Money Left Over:
8. It is important to save money for unexpected expenses.
True
False
9. Explain why creating a budget can be helpful for managing your money. Provide at least two reasons.