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

How People Earn Money

Life Skills · Money & Finance · ages 7-9
Name ______________________   Date ____________

  1. Doing chores or selling crafts you made are ways a child could earn some money.

    Circle one:   True   False

  2. Which of these is a way a grown-up can earn money?

    • Having a job
    • Sleeping all day
    • Watching TV all afternoon

  3. Which job usually needs the most years of training?

    • Shop assistant
    • Doctor
    • Car wash helper

  4. Mateo wants to earn some money this weekend. Which idea fits best?

    • Wash a neighbor's car for a few dollars
    • Wait for money to appear in his pocket
    • Ask his parents to just hand him money for nothing

  5. Mr. Lee left his shop job to open his own bakery. What way of earning money is he using now?

    • Doing chores for a neighbor
    • Selling crafts online
    • Running his own business

  6. Look at the chart showing typical yearly pay. Which bar is taller, and why might that job pay more?

    Shopassistant3Doctor8
    • Shop assistant, because the job is easier
    • Doctor, because the job needs many years of training and big responsibility
    • They are the same because all jobs pay equally

  7. Priya babysits her cousin for one evening. She dreams of becoming a children's doctor, which takes many years of school. Why might her future doctor job pay more than one evening of babysitting?

    • Because a doctor job needs much more training and responsibility
    • Because a doctor job takes less time each day
    • Because babysitting always pays more than any job

  8. Grandma says the only way anyone earns money is by having a job at a company. Is she right?

    • Yes, a job at a company is the only way
    • No, only children can earn money in other ways
    • No, people can also run a business or sell things or do tasks for others
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Answer key

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

How People Earn Money W1-mt_uP9faJlnRq-s1

  1. True · Chores, car washes, and selling crafts are all ways kids can earn a little money.
  2. Having a job · People earn money by doing work, like having a job.
  3. Doctor · Doctors study for many years before they can treat patients.
  4. Wash a neighbor's car for a few dollars · Washing a car for someone is a real task that earns real money.
  5. Running his own business · Opening and running a bakery means Mr. Lee now owns his own business.
  6. Doctor, because the job needs many years of training and big responsibility · The doctor bar is taller because doctors train for many years and carry big responsibility.
  7. Because a doctor job needs much more training and responsibility · The many years of training and the responsibility of caring for patients are why doctors often earn more.
  8. No, people can also run a business or sell things or do tasks for others · People can earn money through jobs, businesses, or by selling things and doing tasks, not just one way.
Worksheet · LightMySky