Saving Money Smartly
This worksheet helps 6th-grade students understand the importance of saving money, setting financial goals, and making smart spending choices.
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Saving Money Smartly
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Read each question carefully and answer to the best of your ability. Show your work for math problems.
Understanding why and how to save money is an important life skill. Saving money means setting aside money for future use instead of spending it right away.
1. Saving money means setting aside money for use.
2. A is a specific amount of money you want to save.
3. Which of the following is NOT a good reason to save money?
To buy a new video game next month.
To have extra money for emergencies.
To spend all your money as soon as you get it.
To save for a college education.
4. What is a budget?
A plan for how you will spend and save your money.
A type of bank account.
Money you earn from a job.
A place to keep your money safe.
5. Sarah wants to buy a new bicycle that costs $150. She earns $15 each week by doing chores. How many weeks will it take her to save enough money for the bicycle?
6. It's always a good idea to spend your money as soon as you get it.
True
False
7. Name two different ways you can save money.
8. Draw a bar graph to represent the following savings amounts for three friends over a month:
John: $40, Emily: $60, David: $20