Smart shopping
Price per item, per kg or per litre, "50% extra free" packs, 3 for 2, second one half price and stacked discounts.
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Teaching guide: financial literacy from Grade 5 to Grade 10
Spotting the best buy, reading an invoice with VAT, drawing up a budget or understanding what a loan really costs are everyday money skills, and financial literacy is one of the domains PISA assesses at 15. This free financial literacy worksheet generator creates A4 worksheets around realistic documents (shelf labels, receipts, invoices, payslips, bank statements) with questions that build in difficulty, always with a step-by-step answer key.
Student worksheet 
Answer key Invoices and receipts
Subtotal, VAT at one or two rates and the way back: taking VAT out of a price that already includes it. The rates are labelled as examples.
Budgets
From a month of pocket money to a family budget with fixed and variable costs, the share spent on housing and a saving goal.
Payslips and banking
Gross pay, deductions and net pay; bank statements with balances to fill in, overdrafts and missing transactions to work out.
Saving and borrowing
Simple interest, compound interest year by year and with the formula, buying in instalments, arrangement fees and a loan repayment table.
Step-by-step answer key
The completed document and every calculation written out, with exact pounds and pence and the rounding rules stated.
Frequently Asked Questions about Financial Literacy Worksheets
Which grades are the worksheets for?
Grades 5 to 10 (ages 10 to 16). Each level names its grade: unit price, pocket money and the savings account start in Grade 5; percentages, offers and instalments in Grade 6; invoices with VAT and overdrawn statements in Grades 7 and 8; and payslips, compound interest and the repayment table in Grades 9 and 10.
Why pounds, and are the VAT rates current?
The English pages use pounds and pence with British number format. The VAT rates (20% standard, 5% reduced) and the payslip deductions are example rates, and the sheet says so: they are there to practise the arithmetic, not as tax advice or a statement of current law.
How do you work out the price per kg or per litre?
Write the quantity in kg or litres (750 g = 0.75 kg) and divide the price by it: £2.10 ÷ 0.75 kg = £2.80/kg. The pack with the lowest price per kg is the best buy, even if the pack itself costs more.
Why is 20% off plus an extra 10% not 30% off?
Because the second discount is taken off the price already reduced: £100 − 20% = £80, and £80 − 10% = £72. Altogether that is 28% off. Level 3 sheets compare it with a shop that takes one single discount.
What is the difference between simple and compound interest?
Simple interest pays the same interest every year, on the amount first saved (I = P × r × t ÷ 100). Compound interest adds each year’s interest to the savings, so it earns interest too: A = P × (1 + r/100)ⁿ. Level 2 works it out year by year, rounding to the penny, and level 3 uses the formula.
Can I mix these with other maths worksheets?
Yes. Add Decimal Operations Worksheet Generator practice, Math Word Problems Worksheet Generator or Fraction Operations Worksheet Generator to the same sheet. There is more in Mathematics.
Is any data sent to a server?
No. The worksheets are created in your browser, and templates are only saved in your browser’s memory.
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