3rd Grade Income, Credit, and Saving worksheets

About this worksheet

Third grade adds the more adult ideas in Texas TEKS 3. 9: that income is connected to the skill and labor a person puts into a job, that scarce resources usually cost more, that spending can be planned or unplanned, that credit lets someone buy now and pay later — usually with a bit of interest added — and that saving toward a goal such as college has a real, describable benefit. This worksheet follows workers whose training lets them earn income, towns where a shortage or a surplus changes what something costs, children who either follow a spending plan or buy something on impulse, and children who use credit for something they cannot yet fully afford.

Watch for a child who thinks credit is free money; a borrower is responsible for paying it back, usually with interest added on top. Watch, too, for a child who treats every unplanned purchase as automatically bad — the point is recognizing the difference, not judging the choice. Saving, spending, credit, and giving are shown as options for the same amount of income, not as a ranking from best to worst.

What your child will learn

• Connect a worker's skill and training with the income earned
• Explain how scarcity affects cost
• Tell planned spending from unplanned spending
• Explain how credit and interest work
• Describe a benefit of a savings plan