On this hard Grade 1 sheet, first graders make real money choices when funds are limited at home. If you have five dollars, can you buy a toy and a sandwich? Four multiple choice scenarios and five fill-in-the-blank sentences teach first graders about trade-offs, planning, and putting needs before wants so every coin is spent in a smart, careful way.
Style:
Needs vs. Wants
Part A: Multiple Choice
Circle the best answer for each question.
1. You have $5. A toy costs $5 and a sandwich costs $3. What happens if you buy the toy?
A) You can also buy the sandwich
B) You cannot buy the sandwich too
C) You get money back for a drink
D) The store gives you both for free
2. You have $4. You need lunch but want a sticker. Lunch is $4 and a sticker is $1. What is the smart choice?
A) Buy the sticker first
B) Skip lunch and save nothing
C) Buy lunch because it is a need
D) Ask the store for free lunch
3. A trade-off means you:
A) Get both things you want
B) Give up one thing to get another
C) Pay no money at all
D) Take things without asking
4. You have $2. A juice box is $2 and a toy ring is $2. You are thirsty. You should:
A) Buy the toy ring for fun
B) Buy the juice because you need a drink
C) Buy both with only $2
D) Put the money away and stay thirsty
Part B: Fill in the Blank
Write the correct answer on each line.
1. When money is limited, you must make a choice.
2. Giving up one item to get another is a trade-off.
3. Needs should come before wants when spending.
4. If a toy costs more than your money, you cannot buy it.
5. Before you spend, it is smart to plan.
Needs vs. Wants
★ Part A: Multiple Choice
Circle the best answer for each question.
1. You have $5. A toy costs $5 and a sandwich costs $3. What happens if you buy the toy?
A) You can also buy the sandwich
B) You cannot buy the sandwich too
C) You get money back for a drink
D) The store gives you both for free
2. You have $4. You need lunch but want a sticker. Lunch is $4 and a sticker is $1. What is the smart choice?
A) Buy the sticker first
B) Skip lunch and save nothing
C) Buy lunch because it is a need
D) Ask the store for free lunch
3. A trade-off means you:
A) Get both things you want
B) Give up one thing to get another
C) Pay no money at all
D) Take things without asking
4. You have $2. A juice box is $2 and a toy ring is $2. You are thirsty. You should:
A) Buy the toy ring for fun
B) Buy the juice because you need a drink
C) Buy both with only $2
D) Put the money away and stay thirsty
★ Part B: Fill in the Blank
Write the correct answer on each line.
1) When money is limited, you must make a choice.
2) Giving up one item to get another is a trade-off.
3) Needs should come before wants when spending.
4) If a toy costs more than your money, you cannot buy it.
5) Before you spend, it is smart to plan.
Ready to Practice?
Complete each section carefully.
9 Questions
12-18 minutes
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