Learning how to make money is a valuable skill! This worksheet explores different ways kids can earn money, from doing chores to starting small businesses. We'll cover calculating earnings, understanding profit, and making smart financial decisions. Think of it as leveling up your real-life game! ๐ฎ
Match the word with its definition:
| Word | Definition |
|---|---|
| 1. Profit | A. Money earned after expenses |
| 2. Revenue | B. Money earned before expenses |
| 3. Expenses | C. Tasks done for payment |
| 4. Chores | D. The price paid to buy, operate, or use something |
| 5. Budget | E. A plan for spending and saving money |
Read the paragraph and fill in the missing words:
Sarah is planning to start a lemonade stand. She needs to buy lemons, sugar, and cups. These are her __________. She plans to sell each cup for $1. If she sells 50 cups, her __________ is $50. To find her __________, she needs to subtract her expenses from her revenue.
Imagine you want to start a dog-walking business. What are some expenses you might have? How would you determine how much to charge per walk to make a profit?
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