Sign in to save

Bookmark this page so you can find it later.

Sign in to save

Bookmark this page so you can find it later.

Social Studies Grade 2-3

Social Studies: Earning, Spending, and Saving Money

Learning how people earn income, make choices, and save for goals

View Answer Key

Practice understanding ways people earn money, reasons people spend money, and how saving helps people reach goals.

Read each problem carefully. Write your answer in complete sentences when asked. Show your thinking in the space provided.

Name:
Date:
Score: / 15

Learning how people earn income, make choices, and save for goals

Social Studies - Grade 2-3

Instructions: Read each problem carefully. Write your answer in complete sentences when asked. Show your thinking in the space provided.
  1. 1
    A child waters plants while a neighbor offers coins.

    Maya helps her neighbor water plants and earns $5. Is Maya earning, spending, or saving money?

  2. 2
    A child buys a book with money.

    Leo has $10. He buys a book for $6. Is Leo earning, spending, or saving money?

  3. 3
    A child puts coins into a piggy bank.

    Ava puts $2 into her piggy bank every week. What money habit is Ava practicing?

  4. 4

    Write one example of a way a kid could earn money at home or in the neighborhood.

  5. 5
    A child saves money to buy a toy.

    Nina wants a toy that costs $12. She has saved $7. How much more money does she need to save?

  6. 6
    A winter coat, a video game controller, and a candy bar.

    Circle the need: a winter coat, a video game, or a candy bar. Explain your choice.

  7. 7
    Clean water, a home, and a skateboard.

    Circle the want: clean water, a place to live, or a new skateboard. Explain your choice.

  8. 8
    A child washes a car and divides money between saving and a snack.

    Sam earns $8 by helping wash a car. He saves $3 and spends the rest on a snack. How much does Sam spend?

  9. 9
    Earning money, spending money, and saving money in a piggy bank.

    Look at this simple plan: Earn $6, Spend $2, Save $4. Which part shows money being kept for later?

  10. 10

    Why is it helpful to save money before buying something expensive?

  11. 11
    A child considers buying a pencil and notebook with money.

    Jamal has $4. He wants to buy a pencil for $1 and a notebook for $3. Does he have enough money? Explain.

  12. 12

    Sofia earns $3 on Monday and $4 on Tuesday. How much money does she earn in all?

  13. 13
    Children save money to buy seeds for a school garden.

    A class is saving money to buy seeds for a school garden. They have $9 now and need $15 total. How much more do they need?

  14. 14
    A child compares two lunchboxes before spending money.

    Which choice shows a smart spending decision? A: Buy the first lunchbox you see for $15. B: Compare two lunchboxes and choose the one you like that costs $10. Explain your answer.

  15. 15

    Draw or describe a money goal you could save for. Tell one step you could take to reach it.

LivePhysics™.com Social Studies - Grade 2-3

More Social Studies Worksheets

See all Social Studies worksheets

More Grade 2-3 Worksheets

See all Grade 2-3 worksheets