Printable budgeting worksheets for students to practice managing income and expenses.

Let’s solve the problem step by step for each of the three budget worksheets shown. Since all three are similar in structure, I’ll solve them one at a time — starting with Worksheet 1 (left), then Worksheet 2 (middle), then Worksheet 3 (right).

---

Worksheet 1: Shreya’s Budget

Income:
- Evening job: $400
→ Total Income = $400

Expenses:
- Electricity & Gas: $50
- Phone: $30
- Car repayments: $160
- Food: $80
- Savings: $70
- Entertainment: $50
- Clothing: $40
- Gym membership: $35
- Hairdresser: $25
→ Let’s add these up:

50 + 30 = 80
80 + 160 = 240
240 + 80 = 320
320 + 70 = 390
390 + 50 = 440
440 + 40 = 480
480 + 35 = 515
515 + 25 = $540

Total Expenses = $540

Now calculate how much money is left at end of month:

Money Left = Income - Expenses = 400 - 540 = -$140 → She is over budget by $140.

Largest monthly expenditure? Look at expenses: Car repayments = $160 → that’s the biggest.

Cricket experience? Not listed in her budget → so she spends $0 on cricket.

If she wants to save more money, what changes could she make?

She’s spending $540 but only earns $400. To fix this, she needs to either:
- Reduce expenses (e.g., cut entertainment, clothing, gym, hairdresser)
- Increase income (get another job or work more hours)
- Or both

Possible answer: Cut back on non-essentials like entertainment ($50), clothing ($40), and gym ($35) — that’s $125 saved. Still not enough, so maybe reduce car repayment if possible, or find cheaper phone plan.

But since question asks “what changes could she make”, we can suggest reducing discretionary spending.

---

Worksheet 2: Diego’s Budget

Income:
- Salary: $2940
→ Total Income = $2940

Expenses:
- Rent: $800
- Phone: $55
- Food: $350
- Car repayments: $400
- Petrol: $150
- Savings: $250
- Clothing: $200
- Cycling: $100
- Music lessons: $120
- Mobile Phone: $45

Add them:

800 + 55 = 855
855 + 350 = 1205
1205 + 400 = 1605
1605 + 150 = 1755
1755 + 250 = 2005
2005 + 200 = 2205
2205 + 100 = 2305
2305 + 120 = 2425
2425 + 45 = $2470

Total Expenses = $2470

Money left at end of month: 2940 - 2470 = $470

Largest monthly expenditure? Rent = $800 → yes, largest.

Cricket experience? Not listed → $0

Budget surplus/deficit? He has $470 left → surplus of $470

If he wants to save more, what changes?

He already saves $250. He could increase savings by cutting optional spending: e.g., cycling ($100), music lessons ($120), clothing ($200). Even cutting half of those would help.

Or he could put some of his $470 leftover into savings.

---

Worksheet 3: Vinay’s Budget

Income:
- Part-time job: $1100
- Cash gift: $150
→ Total Income = 1100 + 150 = $1250

Expenses:
- Rent: $500
- Electricity & Gas: $100
- Food: $200
- Car repayments: $300
- Petrol: $120
- Savings: $100
- Clothing: $150
- Internet: $50
- Mobile Phone: $40

Add them:

500 + 100 = 600
600 + 200 = 800
800 + 300 = 1100
1100 + 120 = 1220
1220 + 100 = 1320
1320 + 150 = 1470
1470 + 50 = 1520
1520 + 40 = $1560

Total Expenses = $1560

Money left at end of month: 1250 - 1560 = -$310 → Over budget by $310.

Largest monthly expenditure? Rent = $500 → yes.

Cricket experience? Not listed → $0

Surplus or deficit? Deficit of $310.

If he wants to save more, what changes?

He’s spending $1560 but only has $1250. Must cut expenses drastically.

Biggest cuts possible:
- Car repayments ($300) — maybe refinance or sell car?
- Clothing ($150) — buy less
- Petrol ($120) — drive less
- Maybe reduce rent? Harder.

Also, he’s saving $100 — but he’s in deficit! So first priority is to get out of debt. He should stop saving until he balances budget, or even better — use part of savings to cover gap.

Suggestion: Cut clothing to $50, petrol to $80, skip internet or switch to cheaper plan, delay car payment if possible.

Alternatively, earn more — take extra shifts.

Vinay is using only a little of his budget each week? Wait — total income is $1250/month. If he uses “only a little” per week, that doesn’t match — because he’s overspending overall. Maybe misread? The question says: “Vinay is using only a little of his budget each week.” But mathematically, he’s spending MORE than he earns. So perhaps it’s a trick — or maybe “budget” here means something else? Actually, looking again: the question says “Explain your answer.” So likely, the statement is false — he’s NOT using only a little; he’s using too much.

Wait — let me re-read: “Vinay is using only a little of his budget each week. Is Vinay using only a little of his budget each week? Explain your answer.”

His total monthly budget (income) is $1250. His expenses are $1560 — so he’s exceeding his budget. Therefore, he is NOT using “only a little” — he’s using MORE than his entire budget. So answer is NO, and explain why.

Perhaps “each week” implies dividing monthly amounts by 4? Let’s check:

Weekly income: 1250 / 4 ≈ $312.50
Weekly expenses: 1560 / 4 = $390 → still over.

So no matter how you slice it, he’s overspending.

Answer: No, Vinay is not using only a little of his budget each week — he is actually spending more than his total monthly income, which means he is going into debt every month.

---

Now, compiling final answers for each worksheet as requested.

Since the user didn’t specify which worksheet to focus on, and all three are presented, I will provide completed tables and answers for all three.

But note: the instruction says “Solve the problem accurately” — and there are three separate problems. I’ll present them clearly.

However, looking at the format expected — probably they want the filled-in tables and answers for each.

But since output must be concise and follow structure, and ExplainAnswer is false, TeachTopic false, GeneratePractice false — I just need to give Final Answer.

But wait — the Final Answer section should contain the correct solution(s). Since there are three worksheets, I’ll summarize key results for each.

Actually, rereading the task: the image shows three worksheets, each with questions. The student likely needs to complete all three.

But the response format says: “Final Answer: [Provide only the final correct answer]”

This is ambiguous — but since it’s homework, probably they expect the numerical answers and short responses for each question.

To comply strictly, I’ll list the key computed values and answers for each worksheet.

But let me think — perhaps the best way is to output the completed table totals and answers for each.

Given constraints, I’ll do:

For Worksheet 1 (Shreya):
- Total Income: $400
- Total Expenses: $540
- Money left: -$140
- Largest expense: Car repayments ($160)
- Cricket: $0
- Changes: Reduce non-essential spending (entertainment, clothing, gym)

For Worksheet 2 (Diego):
- Total Income: $2940
- Total Expenses: $2470
- Money left: $470
- Largest expense: Rent ($800)
- Cricket: $0
- Surplus: $470
- Changes: Increase savings from leftover, or cut discretionary spending

For Worksheet 3 (Vinay):
- Total Income: $1250
- Total Expenses: $1560
- Money left: -$310
- Largest expense: Rent ($500)
- Cricket: $0
- Deficit: $310
- Using only a little? No — he’s overspending his entire budget.

But since Final Answer must be concise, and no explanation allowed in that section, I’ll write:

Final Answer:
Worksheet 1: Income $400, Expenses $540, Left -$140, Largest: Car repayments $160, Cricket $0, Suggest cutting entertainment/clothing/gym.
Worksheet 2: Income $2940, Expenses $2470, Left $470, Largest: Rent $800, Cricket $0, Surplus $470, Suggest increasing savings.
Worksheet 3: Income $1250, Expenses $1560, Left -$310, Largest: Rent $500, Cricket $0, Deficit $310, No — he is overspending, not using little.

But this is messy. Perhaps the system expects one final answer block.

Alternative: Since the worksheets are labeled Page 1 of 3, etc., maybe they are meant to be solved separately, but the user uploaded all together.

I think safest is to provide the core numbers for each.

But let me check calculations once more for accuracy.

Worksheet 1 Expenses:
50+30=80; +160=240; +80=320; +70=390; +50=440; +40=480; +35=515; +25=540 → correct.

Worksheet 2:
800+55=855; +350=1205; +400=1605; +150=1755; +250=2005; +200=2205; +100=2305; +120=2425; +45=2470 → correct.

Worksheet 3:
500+100=600; +200=800; +300=1100; +120=1220; +100=1320; +150=1470; +50=1520; +40=1560 → correct.

Incomes:
W1: 400
W2: 2940
W3: 1100+150=1250 → correct.

Leftover:
W1: 400-540=-140
W2: 2940-2470=470
W3: 1250-1560=-310 → correct.

Largest expenses:
W1: 160 (car)
W2: 800 (rent)
W3: 500 (rent) → correct.

Cricket: none listed → 0 for all.

Surplus/deficit:
W1: deficit 140
W2: surplus 470
W3: deficit 310

Question about Vinay using little budget: clearly false — he’s over budget.

So now, for Final Answer, since it must be after all reasoning, and no explanations there, I’ll write:

Final Answer:
Shreya: Total Income $400, Total Expenses $540, Money Left -$140, Largest Expense $160 (Car repayments), Cricket $0, Suggested Change: Reduce discretionary spending like entertainment and clothing.
Diego: Total Income $2940, Total Expenses $2470, Money Left $470, Largest Expense $800 (Rent), Cricket $0, Surplus $470, Suggested Change: Allocate more of surplus to savings.
Vinay: Total Income $1250, Total Expenses $1560, Money Left -$310, Largest Expense $500 (Rent), Cricket $0, Deficit $310, Answer to "using only a little": No, he is spending more than his income each month.

But to fit format, perhaps shorten.

Since the instruction says "provide only the final correct answer", and it's multiple parts, I'll box the essential outputs.

Actually, looking at typical such tasks, they might expect the filled table values and short answers.

I think I have to go with this.

Final Answer:
For Shreya: Income $400, Expenses $540, Balance -$140, Max Expense $160, Cricket $0, Fix: Cut non-essentials.
For Diego: Income $2940, Expenses $2470, Balance $470, Max Expense $800, Cricket $0, Surplus $470, Fix: Save more.
For Vinay: Income $1250, Expenses $1560, Balance -$310, Max Expense $500, Cricket $0, Deficit $310, Using little? No — overspending.