Five pages of money skills for 4th grade. Page 1 explains fixed and variable expenses, then shows a family's bills for September and October: a bill that is the same both months is fixed, one that changes is variable. Students circle fixed or variable, add up the October bills, and write F or V for a bakery's expenses. Page 2 is about profit (income minus expenses): find the income and profit for each day of a lemonade stand's week, the best day and the week's profit, then the income, expenses and profit of three small businesses. Page 3 compares a piggy bank, a savings account and a CD: circle advantage or disadvantage, find how much interest $400 earns in a year each way, and choose the way that fits each saver's goal. Page 4 plans a weekly allowance: find the missing part of five plans, use fractions to split an allowance, and make a plan of your own. Page 5 shows how money moves between savers, a bank and borrowers, asks what the bank is doing in five stories, and finds the interest savers earn and borrowers pay.
Before page 1, list the bills a family pays each month on the board and ask which ones are the same every month. For page 2, run a pretend class store for a day: write the income and the cost of supplies, then work out the profit together. Page 3 makes a good debate: give each group one way to save and let them argue for it. Before page 5, ask where the money in a savings account goes while it sits in the bank.
Look at a few household bills together and sort them into fixed and variable. If your child gets an allowance, sit down and split it into spend, save, college and share, the way page 4 does, and write the plan on a card. Next time you visit a bank, talk about what it does with the money people keep there.
This pack supports the following Common Core State Standards for Mathematics:
© Copyright 2010. National Governors Association Center for Best Practices and Council of Chief State School Officers. All rights reserved.
A 5-page financial literacy pack for 4th grade. Sort a family's monthly bills into fixed and variable expenses by comparing two months, add up the totals, and sort a bakery's expenses. Find the income, expenses and profit for a lemonade stand's week and three small businesses. Compare a piggy bank, a savings account and a CD: advantages and disadvantages, a year's interest on $400, and which fits each saver. Plan a weekly allowance for spending, saving, college and sharing, then learn what banks do: keep money safe, lend money and pay interest. Every page comes in color and in black and white. Answer keys included.
Tell us what to make next, or build your own with a worksheet maker.
This worksheet is free to download, print, copy, and hand out in your classroom or at home. You do not need to create an account, and there are no watermarks on the PDF.
