Lower Grade (Grade 1-3) Financial Literacy Worksheets and Answer Key

Lower Grade Financial Literacy Worksheets and Answer Key

Leading Questions. Answers Provided.

• What is money used for?
• How do you earn money?
• What are some examples of things you can buy with money?
• Why is it important to save money?
• What is a piggy bank used for?
• How can you earn money by helping with chores at home?
• What is the difference between needs and wants?
• Why is it important to spend money wisely?
• What is a budget?
• How can you keep track of your money?
• What are some examples of things you can save money for?
• What does it mean to borrow money?
• Why do people borrow money?
• What are some examples of things you might need to borrow money for?
• What is interest?
• How can interest help you save money?
• What is a bank?
• Why do people put their money in a bank?
• What is a savings account?
• How can you open a savings account?
• What is a deposit?
• How can you make a deposit into your savings account?
• What is a withdrawal?
• How can you withdraw money from your savings account?
• What is a credit card?
• How does a credit card work?
• Why is it important to use a credit card responsibly?
• What is a debit card?
• How does a debit card work?
• What is the difference between a credit card and a debit card?
• How do you protect your personal information when using cards?
• What is the importance of having an emergency fund?
• How can you differentiate between needs and wants when making a purchase?
• Why is it important to compare prices before making a purchase?
• What are some strategies for saving money?
• How can you earn extra money besides doing chores?
• Why is it important to set financial goals?
• How can you avoid impulse buying?
• What is the difference between short-term and long-term savings goals?
• Why is it important to give to others or donate some of your money?
• What are some ways you can earn money in the future?
• What is the role of parents or guardians in teaching children about money?
• How can you share resources with others?
• How can you earn money by selling things you no longer need?
• What are some ways you can save money on everyday expenses?
• What are the benefits of comparing prices before making a purchase?
• Why is patience important when saving money for something you want?
• How can you use money to help achieve your dreams and goals?
• What are some examples of fixed expenses?
• How can you avoid overspending on non-essentials?