Remember: Net worth is what you own minus what you owe. It is a snapshot that changes.
Read and answer
Read the story first, then answer.
Mina counts what she ownsMina wondered how she was really doing with money. Her jar was only one part, so what about her bike and her books? First she listed what she owned. The bike was worth twenty coins, the jar held fifteen coins, and the books were worth five. Then she listed what she owed: five coins to Dad for a kite, which she would pay back soon. Owing a little is ordinary. Twenty, fifteen and five made forty coins owned, with five coins owed. What Mina owned, minus what she owed, was her net worth. Forty minus five left thirty-five, a snapshot of one day. Then Mina paid Dad back the five coins from her jar. Now she owned thirty-five and owed nothing, so her net worth was still thirty-five. Then she saved four more coins, and now she owned thirty-nine. Saving makes net worth grow. Not everything holds its worth, though, and an old bike's worth slowly falls. Net worth is not about being rich. It is a snapshot that can grow, and everyone's is different and changes.
1
What is net worth?
Everything you want to buyWhat you own take away what you oweThe coins in your pocket today
2
Circle everything Mina owns.
A bike worth 20 coins15 coins in her jarA set of books worth 5 coins5 coins borrowed from Dad
3
Mina owns a bike (20), a jar (15) and books (5). She owns 20 + 15 + 5 = coins.
4
Mina owns 40 and owes 5. Her net worth is 40 − 5 = coins.
5
Mina pays Dad back the 5 coins from her jar. Her net worth is still 35.
TrueFalse
6
Then Mina saves 4 more coins and owes nothing. She owns 35 + 4 = coins.
Order, match and fix
7
Put the steps for finding net worth in order.
Add up each list
Take what you owe from what you own
List what you owe
List what you own
8
Join each word to what it means.
1I own
2I owe
3Net worth
4A snapshot
Athings worth coins, like the bike
Bcoins I must pay back
Cnet worth on one day
Downed minus owed
9
Owing a little, like Mina's 5 coins to Dad, is ordinary.
TrueFalse
10
Net worth is only about being rich.
TrueFalse
11
Mina's old bike slowly loses worth. If nothing else changes, what happens to her net worth?
It risesIt stays exactly the sameIt falls a little
12
Mina says: I own 40 and owe 5, so my net worth is 45. Fix the mistake. What should she do with the 5?
Add it: 40 + 5 = 45Take it away: 40 − 5 = 35Leave it out
13
Stretch: another child owns 50 coins and owes 15. Their net worth is coins.
14
Draw two lists: what Mina owns and what she owes. Put a number next to each.
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set A
Net worth: what you own and owe
1What you own take away what you owe Net worth is what you own minus what you owe.
2A bike worth 20 coins, 15 coins in her jar, A set of books worth 5 coins The bike, the jar and the books are Mina's. The 5 coins from Dad must be paid back, so she owes them.
340 20 + 15 + 5 = 40.
435 40 take away 5 is 35.
5True She owns 5 less and owes 5 less, so both lists change by 5 and the difference stays 35.
639 35 + 4 = 39. Saving makes net worth grow.
73, 4, 2, 1 Make both lists, add each one, then take owe from own.
81-A, 2-B, 3-D, 4-C Owning is what is yours, owing is what you must pay back, net worth is the difference, and it is a snapshot of one day.
9True Owing a little is ordinary. What matters is keeping track.
10False It is not about being rich. It is a snapshot that can grow, and everyone's is different.
11It falls a little The bike is worth less, so she owns less, and her net worth falls a little.
12Take it away: 40 − 5 = 35 Owing takes coins away, so take it from what she owns: 40 − 5 = 35.
1335 50 take away 15 is 35.
Mark each answer, count the right ones and write the score on the sheet.