Spending & Saving Money worksheet - Free Printable

Problem: Spending & Saving Money

The task is to determine whether the person in each situation should spend or save their money based on the given scenarios. Let's analyze each situation step by step.

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1. Greg has decided that he wants to buy a new bike that costs $125 and he only has $75. Does he need to save or spend his money?

- Cost of the bike: $125
- Money Greg has: $75
- Comparison: $75 < $125
- Conclusion: Greg does not have enough money to buy the bike right now. He needs to save more money before he can afford it.
- Answer: Save

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2. Julie would like to buy a new outfit for her friend’s party. She has $48 and the outfit she wants is $58. Can she save or spend her money?

- Cost of the outfit: $58
- Money Julie has: $48
- Comparison: $48 < $58
- Conclusion: Julie does not have enough money to buy the outfit right now. She needs to save more money before she can afford it.
- Answer: Save

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3. Ms. Smith’s second-grade class wants to go on a field trip. They need $350. They have $419 from a bake sale. Should they spend or save their money?

- Cost of the field trip: $350
- Money available: $419
- Comparison: $419 > $350
- Conclusion: The class has more than enough money to cover the cost of the field trip. They can spend the money on the trip.
- Answer: Spend

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4. Juan’s going to a birthday party on Friday for his friend. He has $12 and has not bought his friend a gift. Does he need to save or spend his money?

- Money Juan has: $12
- Gift requirement: Not specified, but typically gifts are small and affordable.
- Assumption: Assuming a reasonable gift (e.g., under $12), Juan can likely afford it with the money he has.
- Conclusion: Juan can spend his money on a gift for his friend.
- Answer: Spend

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5. Katie wants a puppy that costs $300 but she only has $215. Should she be saving or spending her money?

- Cost of the puppy: $300
- Money Katie has: $215
- Comparison: $215 < $300
- Conclusion: Katie does not have enough money to buy the puppy right now. She needs to save more money before she can afford it.
- Answer: Save

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6. Cameron has his own apartment and needs to buy a vacuum cleaner. His mother told him to keep his new place clean. He only has $37 in his bank account. Should he spend or save his money?

- Cost of the vacuum cleaner: Not specified, but vacuum cleaners generally cost more than $37.
- Money Cameron has: $37
- Assumption: Assuming a typical vacuum cleaner costs more than $37, Cameron does not have enough money to buy one right now.
- Conclusion: Cameron needs to save more money before he can afford the vacuum cleaner.
- Answer: Save

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7. John wants to buy a book that costs $14. He has $12. What should he do with his money?

- Cost of the book: $14
- Money John has: $12
- Comparison: $12 < $14
- Conclusion: John does not have enough money to buy the book right now. He needs to save more money before he can afford it.
- Answer: Save

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Final Answers:

1. Save
2. Save
3. Spend
4. Spend
5. Save
6. Save
7. Save

Boxed Final Answer:
\[
\boxed{\text{Save, Save, Spend, Spend, Save, Save, Save}}
\]