# Math & Money for Kids

Money-how much do you have? What do you know about how it works? It's fun to spend it on things like new toys or video games, but are you money wise? If you take the time to learn about things like the names and values of money, how to use math as a tool with your money, and how to make a plan for your money, you'll be on your way to being a money master. Let's get started!

First, work on learning the names and values of different kinds of money. Coins are round pieces of money made from metal. Bills are paper money. In the US, pennies, nickels, dimes, and quarters are the most common coins. Pennies are worth one cent, nickels are five cents, dimes are ten cents, and quarters are 25 cents. The value of bills is a little easier to remember because it is printed in numerals right on the paper. Usually you will see bills worth one, five, ten, 20, 50, or 100 dollars. 100 cents is equal to one dollar.

After you understand how the math of money works, learn how to use your money wisely. One idea many kids use involves three jars. One jar is for saving, one jar is for giving, and one is for spending. Every time you earn or get money, some of it should go in each jar. Talk with your parents about ideas for how you should use the money in each jar.

There are lots of fun ways to share your money and help others. If you love animals, maybe your "give" money could go to a local animal shelter. Many people are hungry; you could buy groceries for a family in need or give to a food bank.

Saving money is important too. If you don't have a savings account, your parents can help you start one at the bank. You can use your account to save money for college or your first car!

Spending is what most kids love to do with money. Have fun, but learn how to spend wisely. Have you ever bought something only to have it break as soon as you started playing with it? That's an awful feeling isn't it? Often it's better to save money and buy something more expensive and well-made.

Explore the following activities, games, and worksheets to learn all about money.

Lesson Plans

Games

• The National Mint – Play the America the Beautiful Quarters Game here.
• Escape from the Barter Islands – Use your bartering skills get back home after a shipwreck.
• Coin Box – Five games in one from the National Council of Teachers of Math; categories include counting, collecting, exchanging, and making change.
• Rounding to the Nearest Dollar – Game designed by a teacher to learn rounding to the nearest dollar.
• Design Your Own Bill – Choose different colors, portraits, and other details to create your own style of money.
• Where in the World and What in the World is Money? – Find out more about the history of money around the world.
• S3 Online Game – (requires free registration) Learn to save, spend, and succeed with this game from the Center for Financial and Consumer Outreach.
• Nickelsburg – (requires free registration) From Indiana State University, this game covers everything from budgeting and goal-setting to giving.
• Perry's Pennies – Help the Bureau of Public Debt capture as much money as possible. Although there are three skill levels, even the easiest might be frustrating to younger kids.
• What Kind of Spender are You? – Take this quiz to find out what kind of spending habits you have.
• Feed the Pig – A saving and spending game for fourth, fifth, and sixth graders.
• Sheppard Software (scroll down to Money Games)

Worksheets

• Working with Coins– Word problems with visual coin and bill cues
• Counting Money – Worksheet templates in Word or Excel format which include money clip art
• Intro to US Currency – (requires free registration) Basic introduction to coin and bill names and values.
• Money and Shopping from Math Fox – Nice collection of worksheets for kindergarten through seventh grade.
• Money Flashcards – This is a large file and may take some time to download.
• Counting Mixed Coins – Count the total amount for the groups of coins shown; includes a mixture of front and back views of coins.
• Money BINGO – Printable BINGO includes game boards and calling lists.
• US Coin Printables – Wide range of money printables including coin identification and sorting activities.
• Word Problems – Ten intermediate money word problems.
• Subtracting Money – Practice subtracting money for grades three through six; free registration required to print.