Saving plans | Grade 3 math

HH.4 Saving plans

Ben is saving money for new soccer cleats.

Which action would BEST help Ben follow his savings plan?

saving part of his allowance every week

spending all his money immediately

buying snacks every day

forgetting to keep track of his savings

Ethan plans to save money for a gaming chair that costs $140. The table shows Ethan’s savings plan.
Which statement is true?

Ethan will have enough money after 4 weeks.

Ethan will never save enough money.

Ethan will need to borrow money.

Ethan will have enough money after 5 weeks.

Olivia wants to buy a camera that costs $240. She already has $60 saved and plans to save $30 each month.

After how many more months will Olivia have enough money?

4 months

5 months

6 months

7 months

Mia puts her savings money in a bank account that earns interest.

What does this mean?

Mia can spend unlimited money.

Mia will never need to save again.

Mia may earn extra money over time.

Mia will stop earning allowance money.

Select the two reasons why people save money.

to avoid earning income

to make prices increase

to prepare for emergencies

to help pay for future goals

Select the two actions that would MOST help someone follow a savings plan.

writing down a savings goal

saving a small amount regularly

spending money as soon as it is earned

buying extra items every week

What is the BEST reason for making a savings plan?

to know how long it may take to reach a money goal

to make items cost less money

to avoid earning income

to borrow more money

Ethan wants to save for a guitar before summer starts in 8 weeks. The guitar costs $160, and Ethan already has $40 saved.

How much money must Ethan save each week to reach his goal?

$10

$15

$20

$25

Mason is saving for a laptop that costs $480. He saves $35 each week for 8 weeks and then receives an extra $60 for his birthday.

Will Mason have enough money to buy the laptop?

Yes, he will have exactly enough money.

No, he will still need $80.

Yes, and he will have $140 left over.

No, he will still need $140.

Mia wants to save $200 for a summer camp. She already has $80 saved and plans to save $20 each week.

How many more weeks will it take Mia to reach her goal?

4 weeks

5 weeks

6 weeks

7 weeks

Select the two situations that BEST show someone following a savings plan.

Ava saves part of her allowance every week for a bike.

Liam spends all his money as soon as he gets it.

Noah keeps track of how much money he has saved.

Mia buys extra toys every weekend.

Sophia is saving for a bicycle that costs $200. She saves $20 each week for 6 weeks and then gets an extra $50 for her birthday.

Will Sophia have enough money to buy the bicycle?

No, she still needs $30.

Yes, she will have exactly enough money.

No, she still needs $10.

Yes, and she will have $30 left over.

Ava made a savings plan to buy a bicycle. After 3 weeks, she spent some of her savings on toys.

How will this MOST likely affect her savings goal?

She may need more time to reach her goal.

The bicycle will cost less money.

She will earn more interest automatically.

She will no longer need a savings plan.

Aiden wants to save for a new basketball hoop. The hoop costs $180.

Which savings plan would help Aiden reach his goal the FASTEST?

save $10 each month

save $15 each month

save $20 each month

save $30 each month

Ava wants to buy a scooter that costs $96. She saves $12 each week.

After how many weeks will Ava have enough money to buy the scooter?

6 weeks

7 weeks

8 weeks

9 weeks

Nora wants to buy a camera that costs $180. The table shows her savings plan.
When will Nora first have enough money to buy the camera?

after 2 months

after 3 months

after 4 months

after 5 months

Chloe wants to buy roller skates that cost $84. She saves $12 each week.

Which statement is true?

Chloe will have enough money after 5 weeks.

Chloe will have enough money after 6 weeks.

Chloe will have enough money after 7 weeks.

Chloe will need to borrow money.

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The average score is 100%

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