Refer to our Texas Go Math Grade 3 Answer Key Pdf to score good marks in the exams. Test yourself by practicing the problems from Texas Go Math Grade 3 Lesson 20.6 Answer Key Financial Decisions.

## Texas Go Math Grade 3 Lesson 20.6 Answer Key Financial Decisions

**Unlock the Problem**

Make decisions about spending and saving. Follow the directions. See how much money you have at the end and how you can get what you need or want.

**Decision Mission**

Decision 1: Which item is your goal? ___________

You earn $100 each week. You need $60 to pay living expenses.

How much do you have left? ___________

Explanation:

Decision 1: Which item is your goal? House

You earn $100 each week. You need $60 to pay living expenses.

How much do you have left? 40$

Decision 2: How much do you want to save each week? ___________

How much do you have left in your pocket? ___________

Work for 10 weeks: How much do you save? ___________

How much do you have in your pocket? ___________

Your car breaks down. You need $90 to fix it.

Explanation:

Decision 2: How much do you want to save each week? 50

How much do you have left in your pocket? 40

Work for 10 weeks: How much do you save?500

How much do you have in your pocket? 540

Your car breaks down. You need $90 to fix it.

540 -90 = 450$

Decision 3: How will you pay-from your pocket or from your savings? ___________

How much is left? ___________

You decide to give some of your pocket money to the food bank. How much do you give? ___________

How much do you have left? ___________

Explanation

Decision 3: How will you pay-from your pocket or from your savings? pocket

How much is left? 450

You decide to give some of your pocket money to the food bank. How much do you give?20

How much do you have left? 430

Decision 4: How much will you borrow and have to pay back? You don’t want to wait to save for your goal. You want it now, so you use what you have saved and borrow the rest on credit.

$500 – 430 = 70$

You need to pay back $10 each week plus $1 interest each week. How much will you pay back in all? Explain.

Explanation:

He has to pay 70 so, 10 x 7weeks = 70 +7 = 77

he has to pay 77 in all.

Remember

Borrowing on credit means that you get money right away but must agree to pay back a given amount in regular payments until it is paid back, usually with interest.

Answer: So, The taken amount will be less and the amount will pay is high.

**Math Talk**

**Mathematical Processes**

Explain how you might change your decisions in this mission to include regular donations to a charity that you like.

Answer: We can increase the money

Explanation:

If we increase the money to charity the amount of return will become high usually

**Share and Show**

**Look at each decision. Circle the word or words that apply.**

Question 1.

Buying some new socks

income

spending

saving

credit

giving

Answer: Spending

Explanation:

Buying some new socks is Spending

Question 2.

Putting $25 aside each week for college expenses

income

spending

saving

credit

giving

Answer: Saving

Explanation:

Putting $25 aside each week for college expenses is Saving

Question 3.

Donating to the Park Rebuilding Fund

income

spending

saving

credit

giving

Answer: Giving

Explanation:

Donating to the Park Rebuilding Fund is a giving

Question 4.

Borrowing $1,000 to pay for new garage door

income

spending

saving

credit

giving

Answer: Credit

Explanation:

Borrowing $1,000 to pay for new garage door is nothing but a credit

Question 5.

Starting a new job

income

spending

saving

credit

giving

Answer: Income

Explanation:

Starting a new job gets the regular income

Question 6.

Buying gas to get to work

income

spending

saving

credit

giving

Answer: Income

Explanation:

Buying gas to get to work if we work we get income

Question 7.

**Write Math** Explain why you might need to use credit. Give an example.

Answer: To reach unexpected spending’s

Explanation:

If we don’t take credit some times we may not reach our goals

**Problem Solving**

Question 8.

**Reasoning** Jenna has $38. She buys a toy on sale for her cousin for $4. She puts $5 in a savings account. She makes a bill payment of $15. She gets $3 for running an errand for her mother. How much does she have available for giving to charity?

Answer: 17$

Explanation:

Jenna has $38. She buys a toy on sale for her cousin for $4.

She puts $5 in a savings account.

She makes a bill payment of $15.

She gets $3 for running an errand for her mother.

38 + 3 = 41

4 + 5 + 15 = 24

41 – 24 = 17$ she have available for giving to charity

Question 9.

**H.O.T. Multi-Step** Alyssa earns money as a babysitter. She earns $15 per night. She plans to babysit 4 times during the next month. She will spend $10 on treats for the children She also plans to spend $20 on new clothes for school. How much will Alyssa be able to save? Justify.

Answer: 30

Explanation:

Alyssa earns money as a babysitter.

She earns $15 per night.

She plans to babysit 4 times during the next month. 15 x 4 = 60

She will spend $10 on treats for the children

She also plans to spend $20 on new clothes for school. 60 – 30 = 30

30 will Alyssa be able to save

Yes Alyssa spending is worth because she fulfilled her needs

Question 10.

**H.O.T.** Evaluate Darren sees some boots that cost $100. He needs the boots in 6 weeks, and he has no money saved. He earns $50 a week. If he uses credit to buy the boots now, the total cost is $118. Explain what you would decide to do and why.

Answer: He would not buy

Explanation:

If he buy after 6 weeks he can get from savings

and the price is also high

Question 11.

**H.O.T. Multi-Step** Make a chart like the one at the right. Record your spending decisions. Make the amount you earn and the amount you spend equal. You can add as many rows as you need.

You discover you need to pay $80 for a new tire. Adjust your chart.

Answer:

Explanation:

Adjusted my chart for paying a new tire that is 80

And completed the chart for weekly total

**Daily Assessment Task**

**Fill in the bubble for the correct answer choice.**

Question 12.

Jaxon earns $30 each month. He decides to give $5 to an animal charity. He also decides to buy 3 books at a sale for $5 each. Which of the following statements is NOT true?

(A) His income is $30 a month.

(B) He uses $15 of credit.

(C) He spends $20.

(D) He saves $10.

Answer: B

Explanation:

According to the statement Except B remaining are true

Question 13.

Kendra is looking for a summer job. She plans to spend $40 each month. She wants to save $40 each week for college. If she counts 4 weeks in a month, how much should she earn in one month to reach her goals?

(A) $160

(B) $120

(C) $200

(D) $80

Answer: C

Explanation:

4 Weeks x 40 = 160$

160 + 40$ = 200$

Question 14.

**Multi-Step** Dexter earns $30 fixing and cleaning one bike. He plans to fix and clean 4 bikes during the next month. He will spend $20 on cleaning materials for the 4 bikes. He also plans to spend $30 on replacement parts for the 4 bikes. How much will Dexter be able to save?

(A) $50

(B) $15

(C) $30

(D) $70

Answer: D

Explanation:

Dexter be able to save 70

Dexter earns $30 fixing and cleaning one bike. He plans to fix and clean 4 bikes during the next month.

30 x 4 =120$

120 – 50 = 70$

**Texas Test Prep**

Question 15.

Malia has a new job. Her income is $1,500 a month. She has $800 of expenses each month. Which of the following is NOT a reasonable decision about money?

(A) spending $1,200 now for a flat screen TV

(B) saving $250 a month for emergencies

(C) donating $50 a month to charity

(D) buying a new business suit on sale for $70

Answer: A

Explanation:

Except A remaining are true

### Texas Go Math Grade 3 Lesson 20.6 Homework and Practice Answer Key

**Look at each decision. Circle the word or words that apply.**

Question 1.

Setting $50 aside each month to buy a new washing machine

income

spending

saving

credit

giving

Answer: Saving

Explanation:

Setting $50 aside each month to buy a new washing machine is a saving

Question 2.

Collecting and donating money to a local animal shelter

income

spending

saving

credit

giving

Answer: Giving

Explanation:

Collecting and donating money to a local animal shelter is giving

Question 3.

Taking out a loan out to buy a new car

income

spending

saving

credit

giving

Answer: Credit

Explanation:

Taking out a loan out to buy a new car is a credit

**Problem Solving**

Question 4.

Martine has $43 in her savings account. She earns $12 doing chores and $9 walking her neighbor’s dog each week. She wants to buy a new sweater for $18. She also wants to go to a bus trip that costs $52. Does Martine have enough money to buy the sweater and go on the bus trip this week? Explain.

Answer: No, She cannot afford both

Explanation:

Martine has $43 in her savings account.

She earns $12 doing chores and $9 walking her neighbor’s dog each week.

She wants to buy a new sweater for $18.

She also wants to go to a bus trip that costs $52.

No, Martine Doesn’t have enough money to buy the sweater and go on the bus trip this week

43 + 12 + 9 = 64

18 + 52 = 70

70 > 52

His expenditure is more than savings

Question 5.

Enrico earns $5 each day for taking care of his neighbor’s cat while they are on vacation. The neighbors are away for 14 days. Enrico will spend $6 for paint brushes and $12 for a set of watercolor paints. How much money will Enrico be able to save? Explain.

Answer: 52

Explanation:

Enrico earns $5 each day for taking care of his neighbor’s cat while they are on vacation.

The neighbors are away for 14 days.

Enrico will spend $6 for paint brushes and $12 for a set of watercolor paints.

Enrico be able to save is 52$

5 x 14 = 70

70 – 18 = 52$

**Lesson Check**

**Fill in the bubble completely to show your answer.**

Question 6.

Lourdes earns $23 washing her neighbor’s cars. Then she spends $12 to buy a new leash for her dog. Which words describes Lourdes decisions?

(A) income and spending

(B) credit and spending

(C) income and saving

(D) giving and credit

Answer: A

Explanation:

His income is 23$ and his spend is $12

Question 7.

**Multi-Step** Xavier has a summer job. He will earn $50 each week for 8 weeks. At the end of summer, Xavier will use credit to buy a used car for $500. How much will he need borrow on credit?

(A) $400

(B) $900

(C) $100

(D) $550

Answer: C

Explanation:

Xavier has a summer job. He will earn $50 each week for 8 weeks.

50 x 8 = 400$

At the end of summer,

Xavier will use credit to buy a used car for $500.

500 – 400 = 100$

100$ he need borrow on credit

Question 8.

Josette earns $60 a month. She decides to save $30 each month for an art course. If the art course costs $120, how many months will Josette need to save?

(A) 2 months

(B) 5 months

(C) 6 months

(D) 4 months

Answer: D

Explanation:

Josette earns $60 a month.

She decides to save $30 each month for an art course.

If the art course costs $120, 4 months will Josette need to save

60 – 30 = 30

30 x 4months = 120$

Question 9.

**Multi-Step** Carly earns $50 a month cleaning houses and saves all of it. She decides to buy a jacket for $63 and a backback for $28. If Carly decides to use her savings to buy the items, how much will she have saved after 3 months?

(A) $150

(B) $59

(C) $87

(D) $88

Answer: B

Explanation:

Carly earns $50 a month cleaning houses and saves all of it.

She decides to buy a jacket for $63 and a backback for $28.

If Carly decides to use her savings to buy the items,

3 months x 50 = 150

63 + 28 = 91

150 – 91 = 59$

Question 10.

Jacie goes grocery shopping for his grandfather each week. He earns $20 for each shopping trip. He decides to save for 9 weeks to buy new skis for $175. Which describes Jacie’s decision?

(A) buying on credit

(B) saving to meet a goal

(C) saving for an unexpected expense

(D) not saving enough to buy the skis

Answer: B

Explanation:

He is saving money for 9 months and then buying a cycle for his need

so, Saving to meet a goal