Saving and Budgeting Basics Worksheet
Learn about income, expenses, saving and simple budgeting in this printable Grade 6 economics worksheet.
Grade 6 · Social Studies worksheet
Name
Date
Social Studies
Saving and Budgeting Basics
A budget helps you plan your income, spending and saving. Answer each question.
- 1.A plan for how you will spend and save your money is called a:
- 2.Money you receive, such as pocket money or wages, is called:
- 3.Money you spend on things you buy is called your:
- 4.Money you keep aside for later instead of spending is called:
- 5.You earn $20 and spend $15. How much can you save?
- 6.You earn $30 and spend $30. How much do you save?
- 7.True or false: to save money, your spending should be less than your income.
- 8.Which is the best way to reach a savings goal?
- a) Borrow more each week
- b) Ignore your budget
- c) Spend everything at once
- d) Set aside some money regularly
- 9.Why is it useful to save some of your money?
- 10.Name one thing a person might save up for.
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