Budget Balancing Act

Worksheet Description

This worksheet is centered on the practical application of estimating and calculating money through real-life scenarios. It contains word problems that describe various spending situations, requiring students to round the amounts spent to the nearest dollar before calculating the remaining balance. Each problem presents a different context and set of numbers, challenging the student to apply the concepts of rounding and subtraction to solve them. The format is structured to guide the student through the process with clear instructions and space for both the rounding and the final calculation.

The “Budget Balancing Act” worksheet is designed to teach students how to manage a budget by estimating expenses and calculating balances. It aims to develop both their rounding skills and their ability to perform basic arithmetic operations with money. This worksheet also introduces students to the concept of financial decision-making by having them consider the outcomes of purchases. By completing these exercises, students are learning to think critically about spending and saving, which are essential skills for financial literacy.