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Grade 6 · Math

6th grade Banking, credit and paying for college worksheet

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Banking, credit and paying for college

Grade 6 Math Worksheet

NameDate

Circle the best answer, or write your answer on the line.

  1. Luz taps something at the store, and the money comes straight out of the checking account. What did Luz circle?

    • Checking account
    • Credit card
    • Debit card
  2. Milo is learning about credit reports. Which of these is on a person's credit report?

    • The loans and cards they have, and whether payments were on time
    • The money in their checking account today
    • The grades they got in school
  3. Noah reads that a credit report helps a lender see something about a person. What does a credit report help a lender see?

    • How fast the person can run
    • What the person likes to eat
    • Whether the person paid back past loans on time
  4. Zee reads that a checking account has a fee of $6 a month. How much is the fee for a year?

  5. Ari learns that a late payment can stay on a credit report for up to 7 years. The payment was late 4 years ago. At most, how many more years can it stay?

  6. Bo learns that a late payment can stay on a credit report for up to 7 years. The payment was late 5 years ago. At most, how many more years can it stay?

  7. Noah compares jobs. A job after 1-year training pays 38 thousand a year; a job after a 2-year degree pays 45 thousand. How many thousand dollars more does the higher-paying job pay in 4 years?

  8. Ari helps Ms. Reyes compare two loan plans that each borrow $90. Plan X: 6 payments of $17. Plan Y: 9 payments of $12. Which plan costs more to pay back in all?

    • They cost the same
    • Plan X
    • Plan Y
  9. Read this first

    Use this

    Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $16 debit-card purchase of a bike light. Row 2: a $30 lawn-mowing deposit. Row 3: a $14 transfer in from savings. Balance after row 3: $93.

  10. Jun finds a money table that ends at $93 after row 3. What was the start balance?

  11. Kira's neighbor charges a toaster for $27 and a clock for $18 on a credit card. Then the neighbor pays the card company $15. How much does the neighbor still owe?

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6th grade Banking, credit and paying for college worksheet – printable
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About this worksheet

Banking, credit and paying for college. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

  • I can sort money in and money out in a money table and keep a running balance.
  • I can tell a debit card (my money now) from a credit card (borrowed, paid back later).
  • I can work out what a fee, a loan or a college cost adds up to, and compare two jobs over many years.

Standard: state-only

Words to know

checking account: A place where money is kept so you can pay with it and take it out.

debit card: A card that pays by taking money out of your checking account right away.

credit card: A card that lends you money. You must pay the card company back later.

deposit / withdrawal: A deposit puts money in the account. A withdrawal takes money out.

transfer: Money moved between two accounts, such as checking and savings.

balance: The money in the account right now.

credit history / credit report: The record of how someone has paid back what they borrowed.

lender / borrower: The lender gives money to use. The borrower must pay it back.

Common mistakes

Your child counted money coming in as money going out.

Your child counted money going out as money coming in.

Your child started a row from the first balance instead of the balance in the row above. Try writing the new balance after every row and starting the next row from it.

What to say

Ask: does this money come into the account or leave it? Money that comes in is added.

Ask: is this money leaving the account? Money that goes out is taken away.

Questions parents ask

What is the most common mistake with banking, credit and paying for college?

Your child counted money coming in as money going out.

How can I help my child with banking, credit and paying for college?

Ask: does this money come into the account or leave it? Money that comes in is added.

Are these 6th grade math worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

More grade 6 math

See all grade 6 math

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