Personal Budgets: Economics Reading Passage and Questions

Personal Budgets: Economics Reading Passage and Questions
Grade Levels
Product Rating
File Type

PDF (Acrobat) Document File

Be sure that you have an application to open this file type before downloading and/or purchasing.

2 MB|5 pages
Product Description
Learn about creating a personal budget: This passage is jam packed with great info. It is perfect for an introduction or review of personal budgets. It covers the topics listed below. This passage will fit right into your studies of economics. This is the perfect passage to use before you have kids practice creating a personal budget or doing a personal budget project.

Please read all of the information below, as it details the layout of the information and what is included.


Find my other passages about economics HERE.


In this "Learn About Personal Budgets" passage, you will see the following topics mentioned:

✓Expenses: Fixed, flexible, and unplanned
✓Savings: Long Term and Short Term
✓Detailed info. to help kids better understand a personal budget.


Why do I think you will love my passages? I work very hard to research the information. I try to include a lot of info. and not leave gaps in history like some textbooks do. I try to write passages on one topic, so that it is easier for upper elementary to digest. I have been told I have a writing style that makes the topics easy to learn. I take that as a huge compliment! I have taught the information for twenty years, PLUS... a bonus is that I confer with my husband who has taught US History for nearly twenty five years and has a Master's degree in US History. I can assure you that we make a great team when it comes to US History (and in the case of this passage, the topic is government).


The passage about personal budgets was sized to be used in an my social studies INTERACTIVE NOTEBOOKS, and it also comes with an interactive notebook flippable activity.

If you don't use interactive notebooks, the passage itself could still be used. You could use the questions on the flippable for a class discussion, or you could project them and kids could answer them on notebook paper. Use it however you would like in your classroom.


The passage is copied as a booklet style, meaning you will print on the front and back of one page. Students will then fold the one page booklet, so that there is a cute cover. When they open it up, they find the passage on the inside. It will glue perfectly inside their notebook.

Once the passage is glued in their notebook, they can glue the flippable in the notebook.


In Georgia for 4th and 5th grades, we cover the following standard , and this passage should help students with that standard:

SS4E2 / SS5E4 Identify the elements of a personal budget (income, expenditures, and saving) and explain why personal spending and saving decisions are important.

This passage was written with 4th - 5th graders in mind, but I really feel it could be used with fourth-sixth graders.

Even if you are not a teacher in Georgia though, it will work perfectly, as this is non-fiction and doesn't include anything specific to the state of Georgia.


Please... if you ever notice anything in my passages that needs to be corrected, such as factual information, please send me a message before you rate the product. I do my best to research thoroughly and provide historical facts. I can look back over and have a new copy uploaded fairly quickly.

Also, if you notice typos or anything else, that is appreciated too. Even with several sets of eyes looking over my work, at times a word can be missed. Thanks so much ahead of time.


I appreciate each and every person that supports my love of creating fun activities.


More Passages You Will Love:


American Revolution: CLICK HERE

European Explorers: CLICK HERE

Native Americans: CLICK HERE

United States Land Features: CLICK HERE
Total Pages
5 pages
Answer Key
Teaching Duration
Report this Resource
Digital Download
More products from Elementary Lesson Plans
Product Thumbnail
Product Thumbnail
Product Thumbnail
Product Thumbnail
Product Thumbnail
Teachers Pay Teachers

Teachers Pay Teachers is an online marketplace where teachers buy and sell original educational materials.

Learn More

Keep in Touch!

Sign Up