4th Grade Budgets and Money Decisions worksheets

About this worksheet

Fourth grade turns to running a small budget under Texas TEKS 4. 10: telling a fixed expense that stays the same, like rent, from a variable expense that changes, like groceries; finding a profit by subtracting costs from sales; comparing savings options, including how a bank account can earn interest that a jar cannot; splitting an allowance between spending, saving, and sharing; and naming what a bank or credit union is actually for. This worksheet follows a class fundraiser or a lemonade stand calculating its real profit, a family allowance split three ways, and a household's list of bills.

Watch for a child who treats every bill as the same kind of expense; a bill that changes month to month behaves differently in a budget than one that never changes. Watch, too, for a child who assumes profit simply equals the total sales — profit is what is left after paying for supplies. A bank is presented as a place that keeps money safe and can also lend it, not as a mysterious building.

What your child will learn

• Tell a fixed expense from a variable expense
• Calculate profit from sales and costs
• Compare a savings account with a jar
• Split an allowance into spending, saving, and sharing
• Explain the purpose of a bank or credit union