Social Studies: Earning, Spending, and Saving Money
Learning how people earn income, make choices, and save for goals
Social Studies: Earning, Spending, and Saving Money
Learning how people earn income, make choices, and save for goals
Social Studies - Grade 2-3
- 1
Maya helps her neighbor water plants and earns $5. Is Maya earning, spending, or saving money?
Earning means getting money for work or a job.
Maya is earning money because she did work and received $5 for it. - 2
Leo has $10. He buys a book for $6. Is Leo earning, spending, or saving money?
Leo is spending money because he is using $6 to buy a book. - 3
Ava puts $2 into her piggy bank every week. What money habit is Ava practicing?
Saving means not spending money right away.
Ava is practicing saving because she is keeping money to use later. - 4
Write one example of a way a kid could earn money at home or in the neighborhood.
A kid could earn money by doing a helpful job, such as raking leaves, walking a dog, or helping with chores. - 5
Nina wants a toy that costs $12. She has saved $7. How much more money does she need to save?
Subtract the money she has from the total cost.
Nina needs to save $5 more because 12 minus 7 equals 5. - 6
Circle the need: a winter coat, a video game, or a candy bar. Explain your choice.
A need is something people must have to live safely and healthfully.
A winter coat is a need because it helps keep a person warm and safe in cold weather. - 7
Circle the want: clean water, a place to live, or a new skateboard. Explain your choice.
A new skateboard is a want because it is something someone may enjoy but does not need to live. - 8
Sam earns $8 by helping wash a car. He saves $3 and spends the rest on a snack. How much does Sam spend?
Take away the amount he saves from the amount he earns.
Sam spends $5 because 8 minus 3 equals 5. - 9
Look at this simple plan: Earn $6, Spend $2, Save $4. Which part shows money being kept for later?
The $4 saved shows money being kept for later. - 10
Why is it helpful to save money before buying something expensive?
Think about reaching a money goal little by little.
It is helpful to save money because you can collect enough money over time and avoid spending all your money at once. - 11
Jamal has $4. He wants to buy a pencil for $1 and a notebook for $3. Does he have enough money? Explain.
Jamal has enough money because $1 plus $3 equals $4, which is exactly the amount he has. - 12
Sofia earns $3 on Monday and $4 on Tuesday. How much money does she earn in all?
Add the two amounts together.
Sofia earns $7 in all because 3 plus 4 equals 7. - 13
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?
The class needs $6 more because 15 minus 9 equals 6. - 14
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.
Smart spending means thinking before you buy.
Choice B shows a smart spending decision because comparing choices can help you spend less money and still get something useful. - 15
Draw or describe a money goal you could save for. Tell one step you could take to reach it.
A good answer names a money goal, such as a book or game, and explains one step, such as saving part of any money earned or received.