IXL | Balance a budget | 5th grade math

or

This table shows Bernard's January budget. How much money does he need to earn shoveling sidewalks to balance his budget? Complete the table.

Bernard's January budget
Income	Expenses
Allowance: $15	Skiing: $45
Shoveling sidewalks: $	Giving to animal shelter: $10
Gift from sister: $30	Saving for new snow gloves: $5
Total: $	Total: $

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or

Learn with an example

question

This table shows Damon's September budget. How much money does he need to earn at the recycling center to balance his budget? Complete the table.

Damon's September budget
Income	Expenses
Raking leaves: $100	Kayak: $210
Birthday money: $75	Life jacket: $25
Job at a recycling center: $	Reusable water bottle: $30
Total: $	Total: $

key idea

A budget is balanced when the total income equals the total expenses.

solution

First, add to find Damon's total expenses.

$

210

+

$

25

+

$

30

=

$

265

The total expenses are $265. Put this number in the table.

Damon's September budget
Income	Expenses
Raking leaves: $100	Kayak: $210
Birthday money: $75	Life jacket: $25
Job at a recycling center: ?	Reusable water bottle: $30
Total: ?	Total: $265

Next, find the total income. In a balanced budget, the total income equals the total expenses. So, put $265 for the total income.

Damon's September budget
Income	Expenses
Raking leaves: $100	Kayak: $210
Birthday money: $75	Life jacket: $25
Job at a recycling center: ?	Reusable water bottle: $30
Total: $265	Total: $265

Finally, find how much money Damon needs to earn at the recycling center. His income needs to add up to $265.

Start by adding the income from raking leaves and his birthday money.

$

100

+

$

75

=

$

175

Now, find how much more he needs to earn at the recycling center. Subtract.

$

265

–

$

175

=

$

90

Damon needs to earn $90 at the recycling center to balance his budget.

Damon's September budget
Income	Expenses
Raking leaves: $100	Kayak: $210
Birthday money: $75	Life jacket: $25
Job at a recycling center: $90	Reusable water bottle: $30
Total: $265	Total: $265

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Work it out

Not feeling ready yet? These can help:

VV.10Keeping financial records

OO.4Budget a weekly allowance: word problems