Financial Planning · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

Planning Ahead With Money

Life Skills · Money & Finance · ages 9-11
Name ______________________   Date ____________

  1. Jon puts $10 into his savings jar every week. How much will he have saved after 10 weeks?

    Answer: ______________

  2. Nina wants a craft kit that costs $48. She saves $6 every week. How many weeks will it take her to save enough?

    Answer: ______________

  3. David wants to save £10. He saves £2 every week. How many weeks will it take him?

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    • 4
    • 5
    • 6

  4. Which of these is part of a simple financial plan for a school trip?

    • Working out the cost and how much to save each week
    • Spending your pocket money on sweets first
    • Not thinking about the trip until the day before

  5. Amara already has $24 saved. Her school trip costs $80, and she can save $8 each week. How many weeks until she has enough?

    Answer: ______________

  6. Which choice shows planning ahead with money?

    • Writing down a goal and saving a bit each week
    • Spending pocket money the moment you get it
    • Waiting until the last minute to think about money

  7. Maya wants to save £24 for a bike helmet. She saves £6 every week. How many weeks will it take her?

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    Answer: ______________

  8. A video game costs $86. Theo saves $10 every week. How many full weeks until Theo has at least $86?

    Answer: ______________

  9. Ben says: 'I want to save £15. I'll save £2 a week, so it will take exactly 7 weeks.' What is wrong with his plan?

    • He should save £1 a week instead
    • Nothing, 7 weeks is correct
    • £2 × 7 = £14, so he actually needs 8 weeks

  10. Priya is saving for a gift that costs £18. She already has £6 saved. She can save £4 a week. How many more weeks does she need?

    Answer: ______________

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Answer key

For grown-ups. Fold this page away before handing over the rest.

Planning Ahead With Money W1-mt_r1hw-KenpK-s1

  1. 100 · Regular saving adds up. Multiply the weekly amount by the number of weeks: 10 times 10 is 100.
  2. 8 · You work out how long a savings goal takes by dividing the total cost by the amount saved each week. 48 divided by 6 is 8.
  3. 5 · £2 a week for 5 weeks makes £10, since 2 × 5 = 10.
  4. Working out the cost and how much to save each week · A plan needs a goal, a cost, and a saving amount. Working those out first is what makes it a plan.
  5. 7 · Do not divide 80 by 8. Amara already has 24 dollars, so only the missing 56 dollars has to come from her weekly saving.
  6. Writing down a goal and saving a bit each week · Planning ahead means deciding what you want and saving toward it before you actually need it.
  7. 4 · £6 a week adds up to £24 after 4 weeks: 6, 12, 18, 24.
  8. 9 · The answer is not 8.6 because Theo only saves in whole weeks. After 8 weeks he is still short, and week 9 pushes him past the goal.
  9. £2 × 7 = £14, so he actually needs 8 weeks · £2 a week for 7 weeks only makes £14, which is £1 short. An 8th week gets him to £16, enough for £15.
  10. 3 · She still needs £12, since 18 − 6 = 12. Saving £4 a week for 3 weeks makes £12.
Worksheet · LightMySky