Free Printable WorksheetSocial StudiesGrade 8Social Studies CurriculumEFL.8.84

8.84 Personal Budgeting and Financial Goals Worksheet

Download our free printable Grade 8 Social Studies worksheet on 8.84 Personal Budgeting and Financial Goals. Ideal for classroom practice, homeschool learning, independent homework, and standardized test preparation. Available in both print-ready PDF and editable DOCX formats.

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Worksheet Overview & Skills Covered

Core academic competencies and curriculum alignment

This Grade 8 Social Studies worksheet provides structured practice on 8.84 Personal Budgeting and Financial Goals. Students are guided through targeted exercises that build foundational understanding, computational accuracy, and critical thinking skills.

Personal Budgeting and Financial Goals - Create and monitor a simple budget that balances income, saving, and spending. (CEE Personal Finance (2021): II Spending; III Saving (Grade 8))

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 8

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 8.84 Personal Budgeting and Financial Goals skill assessments:

Problem 1Difficulty: Mastery

Miles takes a loan of $9000 at 4.5% APR for 36 months with equal monthly payments.

In the FIRST month, about how much of the payment goes to INTEREST? (Round to the nearest cent.)

A$233.97

B$67.50

C$13.75

D$33.75

Solution & Explanation:First-month interest = principal monthly rate = $9000 (4.5%/12) $33.75.

Problem 2Difficulty: Mastery

Carmen will save $375 at the end of each month for 24 months. Account A earns 3.5% APR compounded monthly. Account B earns 6.0% APR compounded monthly.

Approximately how much MORE money will Account B have than Account A at the end?

A$278.55

B$114.28

C$228.55

D$178.55

Solution & Explanation:Compute future value of monthly deposits for each rate. The difference is FV(B) - FV(A) $228.55. The higher rate compounds more each month.

Problem 3Difficulty: Mastery

Uma can make an extra payment of $150 this month. Card H: balance $1700, APR 24% Card L: balance $1200, APR 12% Assume the extra payment reduces the chosen card's balance before next month's interest is calculated.

About how much MORE interest is avoided next month by putting the extra payment on Card H instead of Card L?

A$2.50

B$1.50

C$0.50

D$3

Solution & Explanation:Next-month interest avoided from paying extra is extra(monthly rate). Difference = $150(24%/12 - 12%/12) $1.50.

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Frequently Asked Questions

Common questions about printing, using, and solving this worksheet

QHow do I download and print this 8.84 Personal Budgeting and Financial Goals worksheet?

Click either the "Download PDF" or "Download DOCX" button at the top of the page. You can print the PDF directly from your browser or edit the DOCX file in Microsoft Word or Google Docs to tailor the questions to your students.

QIs this 8.84 Personal Budgeting and Financial Goals worksheet free for teachers and homeschoolers?

Yes! All learning materials, worksheets, and practice resources on Free K12 Practice are 100% free for teachers, students, parents, tutors, and homeschooling families for non-commercial educational use. No account or subscription is required.

QCan students practice 8.84 Personal Budgeting and Financial Goals online with instant feedback?

Yes! In addition to this printable worksheet, students can practice 8.84 Personal Budgeting and Financial Goals interactively on our platform with automated grading, instant score tracking, and detailed step-by-step solutions.

QWhat grade level and standards does this worksheet align with?

This worksheet is designed specifically for Grade 8 Social Studies students. It aligns with educational standard EFL.8.84 (Develop understanding of Personal Budgeting and Financial Goals through grade 8 social studies practice.).