This hard Grade 1 worksheet introduces budgeting basics, helping first graders weigh options and spend small amounts of money wisely at the store or snack bar. Four multiple choice scenarios ask kids what fits inside a three or six dollar budget, and five fill-in-the-blank sentences cover words like budget, needs, extra, and choice so first graders plan every penny before any spending begins.
Style:
Needs vs. Wants
Part A: Multiple Choice
Circle the best answer for each question.
1. You have $3 for a snack. Juice is $2 and chips are $2. You can buy:
A) Both juice and chips
B) Only one of them
C) Three juices
D) Nothing at all
2. Your budget is $6. A book is $4 and a pencil is $1. The best plan is:
A) Buy the book and the pencil
B) Buy two books with $6
C) Buy nothing and save later
D) Only buy the pencil today
3. A budget means a plan for:
A) How to spend your money
B) How fast to run
C) Which toy is prettier
D) How to cook lunch
4. You have $5. A water bottle is $2 and a toy is $4. You are very thirsty. You should:
A) Buy just the toy
B) Buy water first, then see what is left
C) Skip both and stay thirsty
D) Buy two toys for $5
Part B: Fill in the Blank
Write the correct answer on each line.
1. A money plan is called a budget.
2. You should spend on needs before wants.
3. If two items cost more than your money, pick one.
4. Money you have left after buying needs is called extra.
5. Thinking before spending helps you make a smart choice.
Needs vs. Wants
★ Part A: Multiple Choice
Circle the best answer for each question.
1. You have $3 for a snack. Juice is $2 and chips are $2. You can buy:
A) Both juice and chips
B) Only one of them
C) Three juices
D) Nothing at all
2. Your budget is $6. A book is $4 and a pencil is $1. The best plan is:
A) Buy the book and the pencil
B) Buy two books with $6
C) Buy nothing and save later
D) Only buy the pencil today
3. A budget means a plan for:
A) How to spend your money
B) How fast to run
C) Which toy is prettier
D) How to cook lunch
4. You have $5. A water bottle is $2 and a toy is $4. You are very thirsty. You should:
A) Buy just the toy
B) Buy water first, then see what is left
C) Skip both and stay thirsty
D) Buy two toys for $5
★ Part B: Fill in the Blank
Write the correct answer on each line.
1) A money plan is called a budget.
2) You should spend on needs before wants.
3) If two items cost more than your money, pick one.
4) Money you have left after buying needs is called extra.
5) Thinking before spending helps you make a smart choice.
Ready to Practice?
Complete each section carefully.
9 Questions
12-18 minutes
Auto-graded
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