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Market Day Money Plans worksheet preview

Worksheet

Market Day Money Plans

Compare two farmers market workers as they make budgets, save for a goal, earn interest, and use a bank.

Grade 4Social StudiesInteractive · Printable

Aligned toECO.4.4

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What’s included

  • Single worksheet
  • Auto-graded online
  • 1 C3 Framework standard
  • Printable answer key
  • 14 questions
  • Classroom-ready

Details

Format
Interactive · Printable
Grade
Grade 4
Subject
Social Studies
Question types
Fill in the blank, Multiple choice, Matching, Circle the answer, Sorting, Short answer

About this worksheet

What students practice

  • Students explain how a budget divides income among needs, wants, and savings.
  • Students explain how saving and interest help people reach financial goals.
  • Students describe how banks hold deposits, keep records, and may lend money.

How to use

Read the passage and discuss the two money plans. Have students use the graph and passage evidence to explain which choices help a saver reach a goal.

Curriculum

C3 Framework standard covered

ECO.4.4

Explain budgets, saving, interest and the role of banks in personal finance.

Preview

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Name Date

Market Day Money Plans

Compare two ways to plan, save, and use money.

Read and compare

Read about two workers at a farmers market. Then answer the questions.

Two Market Day Plans

At the Brookside Farmers Market, cousins Tessa and Andre help their families. Tessa works at an herb booth, and Andre works at an apple booth. Each cousin earns $48 for each Saturday of work. They both hope to buy a used bicycle that costs $80 so they can ride to the market.

Tessa makes a budget before she uses her money. She plans $20 for needs, such as bus fare and lunch. She plans $8 for wants, such as a small treat. She puts the remaining $20 into savings for her bicycle. A budget is a plan for how to use income.

Andre also has $48, but his plan is different. He spends $20 on needs, such as bus fare and lunch, and $28 on wants. He puts $0 into savings. Andre enjoys his purchases, but his plan does not move money toward his bicycle goal.

Tessa deposits her savings in Brookside Community Bank. The bank holds deposits, keeps an account record, and may lend some deposited money to borrowers. The bank's flyer says that its account earns 5% interest each year. For a deposit kept for one full year, $20 earns $1 in interest and $40 earns $2. Interest is extra money the bank pays on saved money. A jar at home can hold money, but it does not pay bank interest or provide a bank account record.

1.
What is the main purpose of a budget in the story?
  • A. A receipt showing only what a person bought
  • B. A plan for using money for needs, wants, and saving
  • C. A bank loan that must be paid back
  • D. A list of fruits and vegetables at a market
2.
Word bank: 0 · 12 · 20 · 28

Tessa's budget balances: $20 + $8 + $  = $48.

3.
Sort each part of the cousins' plans.
Tessa's bus fareTessa's $8 small treatTessa's $20 bicycle depositAndre's $28 purchases for funAndre's $20 lunch and bus fare
NeedsWantsSavings
4.
Why is Tessa's plan more likely to help her reach the bicycle goal than Andre's plan?
  • A. Tessa puts $20 aside while Andre puts $0 aside.
  • B. Tessa earns $48, but Andre earns less money.
  • C. Tessa has no needs, while Andre has $20 in needs.
  • D. Tessa's bank gives her the bicycle after one deposit.
5.
Match each money word to its meaning.
  1. Budget
  2. Saving
  3. Interest
  4. Bank
  1. A. Extra money a bank may pay on saved money
  2. B. A place that holds deposits, keeps records, and may lend money
  3. C. Money set aside for use later
  4. D. A plan for how to use income

Use the plans and graph

Study the graph. Use the passage and graph to solve the new money situations.

The graph shows the total money Tessa has deposited by the end of each market day. It does not include any interest.
Tessa's Deposits After Market Days020406080Day 1Day 2Day 3Day 4Market dayDollars saved
6.

After market day 3, Tessa has deposited $ .

7.
How much more has Tessa deposited in all after day 4 than after day 2?
  • A. $20
  • B. $60
  • C. $40
  • D. $100
8.
If Tessa continues depositing $20 after each market day, how much will she have deposited after day 5?
  • A. $80
  • B. $120
  • C. $60
  • D. $100
9.
Circle the TWO details that show Tessa is working toward the bicycle goal.

Her budget puts $20 into savings.She spends $8 on wants.She earns $48 at the herb booth.The bicycle costs $80, and she adds $20 after each Saturday.

10.
According to the bank flyer, how much interest would $40 earn in one full year?
  • A. $0
  • B. $2
  • C. $5
  • D. $40
11.
Why might Tessa choose a bank instead of keeping her savings in a jar?
  • A. The bank can keep a record and may add interest.
  • B. The bank chooses her budget and pays for her needs.
  • C. The bank changes her savings into market vegetables.
  • D. The bank makes her buy wants before she saves.
12.
Lena earns $36 helping at a vegetable booth. She sets aside $14 for bus fare and lunch and $12 for savings. How much is left for wants?
Word bank: 8 · 10 · 12 · 14

$ 

13.
Arun earns $30 at a market. He needs $16 for bus fare and lunch, wants an $8 game, and also wants to save. Which plan uses all $30 and includes each part of his plan?
  • A. $16 needs, $14 wants, and $0 savings
  • B. $16 needs, $8 wants, and $6 savings
  • C. $14 needs, $8 wants, and $8 savings
  • D. $16 needs, $6 wants, and $8 savings
14.
Which cousin's plan is more likely to reach the $80 bicycle goal? Use at least two details from the passage or graph to explain your answer.

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