Spending and Saving Reading Comprehension

2nd Grade Social StudiesEconomics and Trade5 pages

About this worksheet

Leo wants a shiny blue robot that costs 20 dollars, but his piggy bank is empty. In this 2nd grade economics story he earns 10 dollars by pulling weeds and washing the car, then has to choose between a 5-dollar comic book and saving for the robot. The text calls that choice a trade-off. Ten questions follow, from recall about his chores to explaining a trade-off and naming a personal savings goal. The five pages address C3 Framework indicators D2.Eco.10.K-2 and D2.Eco.2.K-2, and the answer key covers every item.

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Page 1 of 5

Spending and Saving Reading Comprehension: Economics and Trade - page 1
Spending and Saving Reading Comprehension: Economics and Trade - page 2
Spending and Saving Reading Comprehension: Economics and Trade - page 3
Spending and Saving Reading Comprehension: Economics and Trade - page 4
Spending and Saving Reading Comprehension: Economics and Trade - page 5

When this preview is focused, use the left and right arrow keys to move between pages.

Curriculum objectives covered

D2.Eco.10.K-2

“Explain why people save.”

The story's ending, where Leo saves because he wants the robot more, and Question 10's savings goal drawing.

D2.Eco.2.K-2

“Identify the benefits and costs of making various personal decisions.”

Questions 5 and 6, which ask what a trade-off is and what Leo would give up if he bought the comic book.

D2.Eco.6.K-2

“Explain how people earn income.”

Question 2, where students name the two chores Leo did to earn his 10 dollars.

What's inside this worksheet

Read the Story

The story runs onto a second page. Leo earns money doing chores, finds a superhero comic book at the store, and puts it back to save for the robot.

What Happened in the Story

Four recall questions, including a multiple-choice item on how much Leo had after his chores (5, 10, 15, or 20 dollars) and a true or false about the comic book's price.

Thinking Deeper

Students define a trade-off using the story, say what Leo would give up by buying the comic, find the word that shows how he felt ("proud"), and judge whether he chose well.

Your Turn, Spending and Saving

Students finish "I saved or spent money when I..." and draw something they would save up to buy.

How teachers use it

Read aloud

Read the story to the class and stop at "He had a choice to make." Students predict what Leo will do before you read on.

Math link

Question 3 hides a simple addition, 5 plus 5. Students who circle 20 dollars have mixed up Leo's goal with his total, so point them back to the chores paragraph.

Opinion writing

No reply to Question 8 is wrong. Require a "because" in every reply and you get a short opinion paragraph out of a social studies sheet.

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