Help students practice solving money word problems with this engaging printable math worksheet.
Practice solving money word problems and check your answers instantly. Use the questions below to practice adding money, finding a total, and determining how much more money is needed to reach a goal.
Maya earned $8 from her lemonade stand and her grandma gave her $5 for helping in the garden. How much money did Maya add to her piggy bank that day?
Hint: Add $8 and $5.
Maya already has $42 saved in her piggy bank. After adding Saturday's $13 in earnings, how much money does Maya have in her piggy bank now?
Hint: First find Saturday's total, then add it to $42.
The new bike Maya wants costs $80. If she now has $55 in her piggy bank, how much more money does Maya need to save before she can buy the bike?
Hint: Subtract the amount Maya has from the $80 bike cost.
Money word problems help students use addition and subtraction in everyday situations. To solve a money word problem, identify the amounts that are given and determine what the question is asking you to find.
Addition is used when money is earned, received, or combined. Subtraction is used when finding how much money remains or how much more money is needed to reach a specific price or savings goal.
This money word problems worksheet gives students practice with addition and subtraction using dollar amounts. The problems use a real-world savings story involving a lemonade stand, an allowance, a piggy bank, and a new bicycle.
Students can use this resource for classroom practice, independent work, homework, math centres, or review. The interactive questions above allow students to enter their answers and receive immediate feedback.
What are money word problems?
Money word problems are math problems that use dollar and cent amounts in real-world situations. Students use mathematical operations such as addition and subtraction to solve the problem.
How do you solve a money word problem?
Read the problem carefully, identify the money amounts that are given, determine what you need to find, and choose the appropriate operation.
When should you add money?
Addition is used when combining amounts of money. For example, money earned from two different sources can be added to find the total amount received.
When should you subtract money?
Subtraction can be used to find how much money remains or how much more money is needed to reach a savings goal or purchase price.