Learning how to identify coins and bills, counting money, and understanding money value, saving, and budgeting is a challenging math skill for children. However, it is one of the most vital skills for children to learn. Lessons on money teach and reinforce counting, mental math, and addition and subtraction skills. But even more importantly, money learning is a life skill that affects kids’ future financial health and security. Money is a vital life skill for kids to learn. Check this article to learn more about money making and the activities and worksheets that make learning fun for children.
Parents often wonder about the best age to teach kids about money. Preschool children ages three and up are ready to identify different coins and bills. Early learners in grades K and 1 identify and count money quantities. Children in grades 2 and up count, add and subtract amounts and calculate money in real-life scenarios. Older students learn about saving and creating simple budgets.
Learning about money is challenging, but playing money games makes it easier and more enjoyable for kids and their parents or teachers. Try these games with your kids or students.
Money Sorting Cards
- Several coins of different denominations
- A piece of paper
Using the marker, make a grid on the paper, dividing it into sections. In each section, write the name of the coin, and its value. Then, help your child identify the coins provided and place them in the correct space on the paper.
Interactiveу math worksheets
Use this money-related kids math worksheets collection to practice math and money skills with your kid. Pay attention to interactive worksheets version to work online.
- Plenty of loose change
- Pre-made Bingo cards
- Small pieces of paper to make Bingo calling cards with
This game is best played with multiple participants. Make the bingo cards with the total number of squares appropriate for your learners. In the squares on the game boards, write different money totals. Prepare the smaller pieces of paper to match the totals you have placed on the game boards. When it’s time to play, pull a calling card and announce the total. Players then find that coin or combination of coins and place it on the game board. Play continues until someone Bingos!
- Loose change
- Construction Paper
Draw a clock on a piece of paper. Begin with 1 o’clock and use coins to show the money value of each number on the clock. For example, one penny is placed at 1 o’clock. Five pennies or one nickel is placed at 5 o’clock.
As your child gains confidence with counting money, try this more challenging game.
- 4-5 plastic Easter eggs
- Loose change of all denominations
On each egg, write a money amount. Children then fill the egg with the coins needed to match the total reported on the egg. Count together to check. Then add random amounts of coins to the total written on the eggs. Dump them out, and recount. Finally, calculate the difference between the amount reported on the egg and what’s there now.
Restaurants, Cooking, and Shopping
Keep challenging your older learners with these activities.
Go out to dinner and ask your learner to add the totals for everyone’s meals and drinks.
Pick out a favorite recipe and list all the ingredients. Then, go shopping and add up the totals for each item needed to make the recipe.
Learners shop for larger ticket items such as shoes, a tablet, or a game. Record the prices of the items at different stores. Which store has the better price? Then, work on calculating how long and it takes to save for the item.