Free Printable WorksheetSocial StudiesGrade 7Social Studies CurriculumEPF.7.49

7.49 Personal Finance Earning, Spending, Saving, and Investing Worksheet

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Worksheet Overview & Skills Covered

Core academic competencies and curriculum alignment

This Grade 7 Social Studies worksheet provides structured practice on 7.49 Personal Finance Earning, Spending, Saving, and Investing. Students are guided through targeted exercises that build foundational understanding, computational accuracy, and critical thinking skills.

Personal Finance: Earning, Spending, Saving, and Investing - Which choice best demonstrates this skill — Personal Finance: Earning, Spending, Saving, and Investing — by asking students to create and adjust a simple budget; plan saving versus investing for different goals; and explain interest, risk, diversification, and the time value of money.? (CEE/Jump$tart National Standards for Personal Financial Education 2021, Topics I–IV, Grade 8 benchmarks)

Whether you are an educator preparing classroom handouts, a tutor reinforcing weekly topics, or a parent supporting homeschool learning, this printable resource gives students the deliberate practice required to achieve subject fluency and master state standards.

Grade

Grade 7

Subject

Social Studies

Domain

Social Studies Curriculum

Formats

PDF & DOCX

Sample Practice Problems

Preview the types of problems and questions covered in this worksheet

Below are sample questions representative of the exercises included on this worksheet and related 7.49 Personal Finance Earning, Spending, Saving, and Investing skill assessments:

Problem 1Difficulty: Hard

Diego plans to save $2,400 over a year. Plan 1 deposits $200 each month for 12 months. Plan 2 waits 6 months, then deposits $400 each month for the last 6 months.

If the account can earn interest, which plan will usually end with more money?

APlan 2, because the deposits are bigger later

BThey will be exactly equal because both invest a total of $2,400

CNeither plan can grow because interest is less than 100%

DPlan 1, because more deposits have longer time to earn interest

Solution & Explanation:Both plans deposit $2,400 total, but Plan 1 puts money in earlier. Earlier deposits have more time to earn interest.

Problem 2Difficulty: Mastery

Maya has $300 of budget surplus each month. She needs $1,200 for a car down payment in 6 months and also wants to start investing for the long term.

Which monthly plan uses the $300 surplus to meet the down-payment goal and still invest some money?

ASave $150 per month and invest $150 per month

BSave $100 per month and invest $200 per month

CSave $200 per month for the down payment and invest $100 per month

DInvest all $300 per month and hope the market is up in 6 months

Solution & Explanation:To reach $1,200 in 6 months, Maya must save $1,200 ÷ 6 = $200 per month. That leaves $100 per month to invest.

Problem 3Difficulty: Mastery

Quinn's monthly take-home pay is $1,200. Fixed bills are $800 and planned spending is $250, so Quinn has $150 left each month. Quinn wants an emergency fund of $600 in 4 months.

Which plan meets the emergency-fund goal on time with the money available?

AInvest $150 per month in stocks right away

BSave $100 per month and spend $50 per month on extras

CSave $120 per month and invest $30 per month (the emergency fund would be short)

DSave $150 per month until the $600 goal is reached

Solution & Explanation:Quinn needs $600 ÷ 4 = $150 per month. The full $150 surplus must go to the emergency fund to reach $600 on time.

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Frequently Asked Questions

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QWhat grade level and standards does this worksheet align with?

This worksheet is designed specifically for Grade 7 Social Studies students. It aligns with educational standard EPF.7.49 (Grade 7 social studies practice focused on personal finance earning spending saving and investing.).