Smart Spending

Worksheet Description

The “Smart Spending – The Budgeting Basics Worksheet” is a financial literacy exercise designed to engage students with scenarios that involve managing money through purchases. It presents three different situations where individuals have a certain amount of money and then spend part of it on an item. Students are instructed to round both the initial amount of money and the spending amount to the nearest dollar and then calculate how much money is left. The structured format provides a clear method for students to follow, which involves estimating and subtracting to determine the remaining balance.

This worksheet aims to teach students the importance of budgeting and the practical application of rounding and subtraction in financial contexts. It helps build essential life skills such as estimating costs and making informed decisions about spending. By working through these problems, students learn to think critically about how each purchase affects their overall budget. The “Smart Spending – The Budgeting Basics Worksheet” is not just an exercise in math; it is a lesson in financial responsibility and planning for young learners.