Class 1 Exam > Class 1 Notes > Worksheets with solutions for Class 1 > Worksheet Solutions: How Much Can We Spend? - 1
How Much Can We Spend? - 1 Class 1 Worksheet Maths
Solve these real life money situations
Q1:
Ans:
Money Ritu had = Rs. 85
She spent = Rs. 62
Money Left = 85 - 63 = Rs/23
Q2:
Ans:
Money received from mother = Rs. 10
Money received from grandmother = Rs. 20
Total money he has 10 + 20 = Rs. 30
Q3:
Ans:
Drawing pad = Rs. 35
Crayons less by = Rs. 4
Price of Crayons = 35 - 4 = 31
Add and write the answer
Fill in the Blanks - Price Tags
Look at the items and their costs on the price tags and fill in the blanks.
Crossword Puzzle
(Fill in the boxes using the clues given below to complete the crossword.)
Fill in the Blanks - Number of Coins
(Fill in the number of coins in the blanks. One is done for you.)
Five 2 rupee coins make 10 rupees.
Ans: 
Use the Correct Symbol <, = or >
Ans:
Match the following
Ans: 
The document How Much Can We Spend? - 1 Class 1 Worksheet Maths is a part of the Class 1 Course Worksheets with solutions for Class 1.
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FAQs on How Much Can We Spend? - 1 Class 1 Worksheet Maths
| 1. What is the purpose of the "How Much Can We Spend?" worksheet? |  |
Ans. The purpose of the "How Much Can We Spend?" worksheet is to help individuals or families assess their financial situation by tracking their income and expenses. It allows users to create a budget that helps them understand how much they can afford to spend on various categories while ensuring that they meet their financial obligations.
| 2. How can I effectively use the "How Much Can We Spend?" worksheet? | |
Ans. To effectively use the worksheet, start by listing all sources of income, followed by a detailed list of monthly expenses. Categorize the expenses into fixed (like rent/mortgage) and variable (like groceries). After calculating the total income and total expenses, you can determine how much discretionary spending is available and make adjustments as needed to stay within your budget.
| 3. What are some common mistakes to avoid when filling out the worksheet? | |
Ans. Common mistakes include underestimating variable expenses, failing to account for irregular expenses (like annual subscriptions), and not updating the worksheet regularly. It's also important to be realistic about income and spending habits to create an accurate budget.
| 4. Can the "How Much Can We Spend?" worksheet help with saving for future goals? | |
Ans. Yes, the worksheet can help with saving for future goals by allowing you to set aside a specific amount each month for savings. By identifying areas where you can cut back on spending, you can allocate more funds toward savings for things like vacations, emergencies, or retirement.
| 5. Is there a digital version of the "How Much Can We Spend?" worksheet available? | |
Ans. Yes, many financial websites and apps offer digital versions of budgeting worksheets, including the "How Much Can We Spend?" worksheet. These tools often come with additional features such as expense tracking, financial goal setting, and reminders, making it easier to manage your budget digitally.
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