Grade 1 · Social Studies · Economics

1st Grade Choices and Costs worksheets

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Choices and Costs

Grade 1 Social Studies Worksheet - Challenge Me

NameDate

Circle the answer.

1.
Lina saves for boots and skips a hat. What does Lina give up today?
- a hat
- the sale
- boots
- next week
2.
Ana picks drawing a picture, not ringing a bell. What does Ana give up?
- art class
- ringing a bell
- drawing a picture
- gym class
3.
Priya saves for a bike and skips a toy car. What does Priya give up today?
- all the coins
- the shop
- a bike
- a toy car
4.
Ben picks riding a bike, not reading a book. What does Ben give up?
- lunch
- reading a book
- story time
- riding a bike
5.
Theo saves for a wagon and skips a yo-yo. What does Theo give up today?
- the sale
- a yo-yo
- next week
- a wagon
6.
Mia picks planting a flower, not flying a kite. What does Mia give up?
- flying a kite
- snack time
- recess
- planting a flower
7.
Noah saves for new socks and skips a ball. What does Noah give up today?
- the shop
- all the coins
- new socks
- a ball
8.
Diego picks building a tower, not riding a train. What does Diego give up?
- gym class
- art class
- riding a train
- building a tower
9.
Ella saves for a drum and skips a bell. What does Ella give up today?
- a bell
- a drum
- next week
- the sale
10.
Zoe picks baking a cake, not playing with a ball. What does Zoe give up?
- story time
- lunch
- baking a cake
- playing with a ball

1st Grade Choices and Costs worksheet 1 – printable PDF — Download PDF: 1 2 3 4 5 6

About this worksheet

Economic choices begin with a simple truth: people cannot always have every option at the same time. First graders can understand this through familiar situations such as picking one toy, choosing a snack, using short recess time, or saving for something bigger. This worksheet shows two things side by side and asks children what the child in the story gives up. The goal is not adult financial vocabulary.

It is the early reasoning behind D2. Eco. 3. K-2: people make choices because resources are limited, and every choice may mean giving up another option. Support pages use clear either-or decisions with pictures. Standard and challenge pages include time limits and saving for later, but the scenarios remain concrete. Ask children to say, 'If I choose this, I give up that,' before marking the answer.

What your child will learn

Identify an economic choice
Name what is given up
Connect benefits to decisions
Reason from limited time and things

C3 Framework standard: D2.Eco.3.K-2

Worked example

Mia can pick a kite or a ball. If she picks the kite, she gives up the ball.

Common mistake

Naming the thing that was chosen instead of the thing that was given up.

Helpful hint

Ask what is gained and what must be given up.

Next skill: Goods and Services Earlier: Needs and Wants

Questions parents ask

What is the most common mistake with choices and costs?

Naming the thing that was chosen instead of the thing that was given up.

How can I help my child with choices and costs?

Ask what is gained and what must be given up.

Are these 1st grade social studies worksheets free to print?

Yes. All 6 printable versions on this page are free to download and print, with no account needed.

More 1st grade economics

See all economics

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