Welcome To My Blog |
|
|
Summer often brings thoughts of vacations, camps, and long days outdoors. While some families have exciting trips planned, many children will spend much of their summer closer to home. No matter what summer looks like, it can provide wonderful learning opportunities. One area that often gets overlooked is money management. Summer gives children a chance to earn, save, spend, and plan in ways that feel meaningful because the experiences are real.  Learning About EarningChildren are naturally curious about money. They often ask where money comes from, how much things cost, and why adults make certain spending decisions. One summer, my grandchildren had an opportunity to earn money while helping the family. When their great-grandmother moved into a care home, there was no longer a need for the gardener who had been caring for her yard. Instead, I hired my grandchildren to help with the work and paid them from the money that had previously gone toward the gardening service. The older two took responsibility for mowing the lawn and trimming around the edges. The younger two had the important job of watering the flowers and shrubs. Admittedly, they often ended up watering themselves almost as much as the plants, but they took their responsibilities seriously and had a great time doing it. Each child was paid according to the type of work they were doing and their age. They were always excited to come over, complete their jobs, and receive their earnings. More importantly, they began to understand that money is earned through effort and responsibility. They were proud of their work and enjoyed seeing the results of their efforts in the yard. Experiences like this help children see that earning money is about more than receiving cash. It teaches responsibility, builds confidence, and helps them understand the value of the work behind every dollar they earn.  Saving For A GoalOne of the most valuable lessons children can learn is that saving takes patience. How many times have you driven through your neighborhood and seen children running a lemonade stand on a warm summer day? Or stopped at a garage sale and noticed a table set up with children's toys, books, or games for sale? These simple ventures have been part of childhood for generations. For many children, the goal isn't simply earning money. They may be saving for a special toy, a new bike, a video game, summer camp spending money, or another item they have been hoping to purchase. Having a goal gives children a reason to keep working, saving, and making thoughtful decisions about how they spend their money. Whether children are helping with yard work, running a lemonade stand, or selling outgrown toys at a garage sale, earning their own money often makes saving for a goal much more meaningful. When children can see themselves getting closer to something they really want, they begin to understand that saving requires patience and planning. They also experience the satisfaction of reaching a goal through their own efforts.  Becoming Young EntrepreneursMany children love creating things, and summer can provide opportunities to turn those interests into small business experiences. Over the years, I watched this happen in my own Grade 3 classroom. One year, my students wanted to raise money for a special field trip. Together, we brainstormed ideas and created a variety of items to sell. The children quickly discovered that there was much more involved than simply collecting money. They needed to decide what to make, estimate costs, determine prices, advertise their products, and keep track of the money that came in. They learned how to count change, calculate profits, and make decisions as a group. The fundraiser became much more than a way to earn money for our trip. It became a real-world learning experience. The students were highly motivated because they had a meaningful goal. Every item they created and every sale they made brought them one step closer to the field trip they were hoping to take. Summer offers similar opportunities for children. They might create friendship bracelets, painted rocks, bookmarks, greeting cards, baked goods with adult help, or products from a family garden. Even a small project can introduce important concepts such as budgeting, pricing, advertising, customer service, and problem-solving. Children quickly discover that running a business involves much more than simply earning money. They learn planning, responsibility, teamwork, and perseverance along the way.  Everyday Money LessonsNot every money lesson needs to involve earning money. Family activities can provide valuable opportunities to practice money skills:
 Bringing Money Lessons Into The ClassroomThe money skills children practice during the summer connect directly to many classroom learning goals. Whether they are earning money through chores, saving for a special purchase, or operating a small business venture, they are developing financial literacy skills that will serve them throughout their lives. The fundraiser my Grade 3 students organized remains one of my favorite examples of meaningful learning. If you'd like to read more about that experience, be sure to visit my blog post about our spring fundraiser. It shares more details about the planning, teamwork, and learning that took place throughout the project. That experience was one of the reasons I enjoyed teaching money concepts through hands-on activities. When children have a purpose for using money skills, the learning becomes much more meaningful. If you're looking for ways to help students build money skills in the classroom, my Money Lessons unit provides hands-on opportunities for students to practice counting money, making change, solving real-world money problems, and developing financial literacy concepts. These activities help children connect classroom learning with the kinds of real-life experiences they may encounter during the summer.  Learning Beyond The DollarsThe biggest lessons children learn through money activities often have very little to do with money itself.
 Whether children are helping in the garden, running a lemonade stand, selling handmade creations, or saving toward a special goal, summer offers countless opportunities to learn valuable money skills. The lessons they learn about responsibility, planning, perseverance, and financial literacy can last long after summer is over. The amount of money earned may be small, but the life lessons can be priceless.   Related Posts There are some topics children are very curious about, and money is definitely one of them. They see adults tap cards, use bank machines, shop online, and talk about saving for things, but many children do not really understand how money works. In my previous blog posts, I shared ideas for helping students recognize coins, count money, and solve money word problems. Those skills are important building blocks. This classroom unit became the next step in helping students understand how money works in everyday life.  When I was teaching Grade 3, I realized many of my students thought money simply came from a bank machine whenever they wanted it. They had no clear understanding of where that money came from, how accounts worked, or why people needed to earn money before they could spend it. That realization led to one of the most practical and engaging units I ever taught.  We Built the Unit TogetherInstead of teaching money as only coin recognition and worksheets, we built a classroom money unit together based on the questions students had. I gathered every set of play money and school money I could find, and we got to work. We started with the basics:
The hands-on work quickly gave students confidence. It also made regrouping and base ten concepts feel much more meaningful. When students can trade 10 dimes for a dollar or combine smaller amounts into larger ones, place value starts to make sense in practice.  Moving Beyond Counting CoinsOnce students understood the basics, we moved into the bigger question: How does money actually work in real life? That is where the learning became especially powerful. We talked about:
We even used pretend debit cards and classroom bank accounts. Students actually had to deposit their earnings and subtract purchases or withdrawals. Suddenly, a bank machine was no longer a “free money machine.” They began to understand that money has to come from somewhere first.  The Four Piggy Bank SystemOne of my favorite parts of the unit was using four piggy banks. Whenever students earned classroom dollars, they divided each dollar into categories:
This opened wonderful conversations about priorities, planning, generosity, and delayed gratification. Even at eight or nine years old, children can begin learning that money decisions matter.  Ways Children Can Earn MoneyWe also brainstormed realistic ways children ages 8–12 could earn money responsibly. Students came up with ideas such as:
Then we created scenarios and sample bank accounts where students earned money, spent money, saved money, and adjusted balances. They loved it because it felt real.  By the end of the unit, students were far more aware of money than when we started. They understood:
That kind of learning lasts.  A Reminder for TeachersSometimes we teach money only as a math strand: count coins, make change, solve a worksheet. Those skills matter, but children also need financial understanding. Even simple classroom routines can help:
 Ready-to-Use Resources That classroom experience inspired me to create resources teachers can use in their own classrooms. Money Unit: Counting Money Activities, Worksheets, Word Problems & More A full unit with hands-on practice, counting money, and money concepts. Money Word Problems Activities, Task Cards & Counting Money Practice Kid-friendly real-life money problems that connect math to everyday situations.  If you teach late primary or early intermediate students, money lessons can become so much more than coin counting. They can become life lessons. And those are often the lessons students remember most. Related Posts In my last post, I shared some thoughts about the penny being phased out and how that change doesn’t need to feel overwhelming in the classroom. But the penny is really just one piece of a larger challenge. Many children today don’t handle money as often as they used to. They may see adults tap a card, insert it into a machine, or pay online, but they don’t always see what’s happening behind the scenes. To them, it can feel like money simply appears when it’s needed. Because of that, some important connections aren’t always clear:
 Making Money Visible in the ClassroomOne of the most helpful things we can do is make money visible again. This means giving kids regular opportunities to:
Even small exercises help them build understanding. For example:
These questions help them see how money works in real life.  Why Counting and Making Change Still MatterEven though many transactions are digital, the math behind them hasn’t changed. Kids still need to:
These skills build number sense, connect directly to addition and subtraction, and help them make sense of everyday situations, even if cash isn’t involved.  Building Confidence with MoneySome kids may feel unsure simply because they haven’t had as much exposure to handling money. Providing a variety of opportunities to practice can help:
As they become more comfortable, their confidence grows and so does their understanding.  Where These Activities Fit InStructured activities can really help kids build a solid foundation. Provide opportunities to:
Give them the repetition and variety they need to understand money. Using a mix of full units and smaller task-based activities ensures they can apply what they’ve learned in meaningful ways. Here are some hands on resources that may help.
Once kids understand coins, bills, and counting, they’re ready for the next step: understanding how money works in a broader sense.  In my next post, I’ll explore ideas for helping kids make sense of money in everyday life, including earning, saving, and using money in real-world situations. Related Posts You may have heard that the United States will no longer be producing pennies. They’re being phased out. If you’re a teacher, this might raise a few questions: Do we still teach pennies? Do we change how we teach money? What does this look like in the classroom? The good news is you don’t need to panic. Canada went through this in 2012 when our pennies were phased out, and the transition was smoother than many of us expected. Over time, both everyday transactions and classroom instruction continued just fine.  What Actually Changed (and What Didn’t)Even without pennies in circulation, cents haven’t disappeared. Prices are still written to the exact cent, and debit and credit transactions are still exact. The main change is in cash transactions, which are now rounded to the nearest five cents. That means kids still need to understand how money works. They just apply that understanding differently in cash situations.  Do We Still Need to Teach Pennies?Yes. Even if pennies aren’t used in cash transactions, they are still important for learning. Kids benefit from understanding that:
These ideas support place value, addition, subtraction and regrouping. Pennies are also helpful when introducing rounding. Seeing pennies in front of them allows them to decide: “Is this closer to the previous nickel or the next one?” This visual makes rounding meaningful.  What Might Change in Your TeachingInstead of removing pennies completely, consider how they are used. Kids can:
This approach helps kids connect both concepts without confusion. Counting exact totals and then rounding for cash transactions gives them a clearer picture of real-world money use.  Supporting This in the ClassroomTo make this transition smooth, provide opportunities for kids to practice:
Activities like these help them see how money is actually used, and make the transition feel natural. For example, you might use resources I created for rounding up or down and working with money without pennies to give them hands-on practice.
The change with the penny is just one part of a bigger picture. Money is starting to look different in students’ lives, and many children don’t regularly handle cash.  In my next post, we’ll explore how to teach money when kids aren’t getting as much hands-on experience outside of school. We’ll focus on helping them recognize coins and bills, count money, and make change while building the skills they need before moving into real-world earning and saving.  Related Posts Teaching kids about money isn’t just about knowing the value of coins or how to count. It’s an important life skill that helps children understand how money works in the world around them. Whether you’re a parent, homeschooling, or teaching in a classroom, the basics of counting money, recognizing coins, and solving simple word problems are all skills that will benefit your child for years to come. Here are some practical ideas for teaching money in a way that makes sense, whether you're using Canadian or American coins—or any other kind of currency. The key is focusing on the core concepts and making learning fun and hands-on.  1. Make Money Matter by Connecting It to Everyday LifeTo help kids understand money, it's best to start by showing them how it’s used in everyday situations. Talk about when you go shopping, pay for things, or save for something special. By making money a part of real-life examples, kids can see why it's important to know how to use it. Idea to Try: Let kids handle the money and actually pay for items at the store. This will allow them to see how money is exchanged and why sometimes they receive change. 2. Recognize Coins: Understanding the Value of Each CoinKids need to learn how to recognize different coins and know their value. Even though Canadian and American coins might look different, the idea of understanding sizes, shapes, and values is the same. Teach them to recognize the various coins and talk about how each coin is worth a certain amount. Idea to Try: Use coin sorting activities with either play money or real coins. Have your child sort the coins by size or type and talk about their values. You can even make a simple coin chart to help them remember which coin is worth what.  3. Counting Money: Start Simple, Then Build UpOnce children are familiar with the coins, the next step is learning how to count them. Start small by using just a few coins, and then gradually increase the number. Teach them to start with the largest value coin and count down to the smallest for easier math. Idea to Try: Create simple money challenges, like counting to $1.00 or $2.00 using only nickels and dimes. You can also use money word problems to make it more fun. For example: "If you have 3 dimes and 2 nickels, how much money do you have?" Word problems help children apply their counting skills to real-life scenarios. 4. Use Visuals to Make It ClearSome kids might find it hard to understand money just from listening or talking about it. That’s where visuals can help. Whether you’re using real coins or pictures of coins, showing how money works visually makes it easier for kids to understand. Idea to Try: Make a simple money chart showing pictures of different coins with their values written next to them. You can also practice counting coins by using visuals and adding up their value on the chart, helping your child see the total amount.  5. Practice with Word Problems: Apply Money Skills in Real-Life SituationsOnce children have learned to count coins, it’s time to use that knowledge in everyday situations through word problems. Money word problems are a great way to get kids thinking about how they would use money in real life, like at a store or when saving for something special. Idea to Try: Use money word problems such as:
 6. Make Learning Fun with GamesMoney doesn’t have to be all about worksheets and lessons. Make it interactive with fun games that help kids practice their skills. Games are a great way to keep kids engaged while they learn, and they can practice counting, coin recognition, and making change—all while having fun. Idea to Try: Set up a mini store at home or in the classroom or at home using play money or even real coins. Let kids practice being the customer and the shopkeeper. They can "buy" and "sell" items, make change, and learn how money is used in a fun and practical way. Teaching Money Skills is About More Than Just CoinsTeaching children about money doesn’t have to be hard. By making it a part of their everyday life, using visuals, and practicing with games and word problems, you can help them build the skills they’ll need to understand money for years to come. Whether you're using Canadian or American coins—or any type of currency—the most important thing is to keep it hands-on, fun, and connected to real-world experiences.
If you’re looking for resources to help teach these skills, the Canadian Money Activities Bundle and the American Money Activities Bundle are packed with worksheets, task cards, games, and word problems designed to teach counting money, coin recognition, and more. These easy-to-use tools are perfect for parents, homeschoolers, and teachers alike. Start with some of these activities today and watch as your child or student becomes more confident with their money skills!  Related Posts
When teaching young children, money can be a challenging concept to master. While we often think of coins as simple objects with values attached, for kids, coin recognition and counting money can be tough to grasp. After all, a dime might look smaller than a nickel, but it’s worth more—that’s a lot for young minds to juggle. Not only that, many kids don't have a change to handle money because many transactions are done with debit and credit cards.  Teaching young kids about money is a crucial skill, but it can also be one of the trickiest concepts to make fun and relatable. You might have found yourself wondering how to keep them engaged while helping them make sense of coins, bills, and word problems. You’re not alone! Many teachers face the same challenge—how to bring real-world money skills into the classroom in a way that clicks. The good news? You don’t have to reinvent the wheel. With the right mix of hands-on practice and visual support, your students can develop confidence and competence when working with money.  Using Play Money for Coin RecognitionBefore you can dive into counting and word problems, students need to recognize the different coins. Coin recognition isn’t just about identifying the coin’s name; it’s also about understanding the relationship between size, shape, and value. Here are some fun ways to help your students practice coin recognition:
 Why Hands-On Practice Makes a DifferenceStudents often struggle with the abstract concept of money because they don’t always get the chance to physically interact with coins. Holding, sorting, and counting real coins helps students develop a concrete understanding of their value. By physically manipulating the coins, students are more likely to internalize the differences between coins and how their values add up. 💡 Teaching Tip: Set up a “money exploration station” where students can freely sort coins by value or size. Give them a set of real or play coins and let them explore, compare, and organize. This is a great way to build familiarity before diving into counting!  A Money Unit That Provides Lessons For Young ChildrenToday, I’m sharing a money unit with you that can create engaging, effective money lessons that are both easy to prep and meaningful for students. The beauty of this unit is it was created collaboratively with my Grade 3 students. We took time to work together to figure out the different activities and we did lots of practice with counting, sorting, and spending money in various role playing activities. If you've ever taught a money unit, you already know how tricky it can be. Some students instantly “get it” when it comes to identifying coins and counting bills. Others struggle to remember what a dime is worth—let alone how to make change. It’s normal to have a wide range of abilities in your classroom, but that doesn’t make your job any easier. This unit takes a step by step approach and involves lots of hands on practice and real world examples to help kids make sense of what they are learning. It handles the planning piece and makes things low prep for you.  Check out this unit here. For more information on how we used what we learned to create a spring fundraiser, check out this blog post. For more information about how we worked through the unit, check here. Grab a Free Sampler Here is a sampler of a couple of lessons and templates from the unit. Give it a try and see how you can make working with money real for kids. Kid Themed Money Word ProblemsAs part of the money unit, several scenarios were created that were kid friendly and helped with learning how to use money in the real world. This resulted in a supplementary resource of kid themed money word problem task cards. You can check it out here.  For more tips and resources for teaching young children how to work with money check out my next blog post. There I will focus on resources for both Canadian and American currency. Money is a necessary commodity in our lives, but it's a difficult concept for many children to understand. Because we are living in a plastic world, children don't always get to see and handle real money anymore. This makes it even more difficult for them to understand how to handle it and use it correctly. It is up to us as teachers to help them understand the importance of money and how to count it, earn it, pay for things with it, and make change when needed. This can be a daunting task unless we use concrete examples and situations.  Recognizing Coins And Their ValuesRecognizing coins and understanding their values is one of the first things that needs to be taught. There are many different resources available for doing this, but it's important to make sure that kids get to actually see and handle the coins or play money that looks like the coins as they practice identifying them and stating their values. In Canada, we use the terms penny, nickel, dime, and quarter for the smaller values. It's amazing how many kids don't know which are which. I get questions like, "Is that the beaver, or the sailboat?" They examine the coins looking for clues as to how much each is worth. I suspect it is the same with kids in The United States. They may have different symbols on the coins, but the confusion still happens.  Resources for identifying and counting moneyHere are some resources I created to help kids identify different coins and bills, recognize their values, and count money. There are Canadian and American versions as well as Boom cards versions for those wanting digital resources.
It's important to make sure that these resources are used with many different hands on opportunities to manipulate the money and look at it closely so that the connection can be made to the abstract examples of images and questions.  Resources for applying the skillsApplying the skills of counting, earning, and spending money is a necessary part of learning to handle money. I have created some resources to practice doing this. Note: Café Élisa is in French.
Learning about debit cards and moneyBecause we live in a world of plastic currency, it's important to make sure children understand that money is still exchanging hands and there must be money available in order to use the debit card. I created this unit to help kids better understand this and to provide opportunities for them to earn money and keep track of what was going in and out of their bank accounts. Other money mattersCredit cards are another type of spending that adults use, but I didn't address this specifically with my students. It's a much bigger deal to explain debt and should be dealt with, but I feel it's best done in detail as kids get older. Taxes are another part of money skills that needs to be addressed. This will require separate instruction to better understand how to calculate it and allow for an extra cost when calculating what money is needed to purchase things. There's nothing worse than getting to the checkout and discovering you are short of money because of the added taxes. Kids need to be exposed to this in teaching about money so that they aren't disappointed when they go to buy something and don't have enough money. I have not specifically addressed this in any of my resources, but it's a necessary element to at least mention to younger children when teaching about spending money.  Even in a mostly electronic economy, it's important to be able to handle actual money for situations where cash is needed. Hopefully some of these resources will help with preparing your students for the monetary world out there. Check out some of my money bundles for more resources and extra savings.  Related Posts
|
About Me Charlene Sequeira
I am a wife, mother of 4, grandmother of 9, and a retired primary and music teacher. I love working with kids and continue to volunteer at school and teach ukulele. 
Categories
All
|
RSS Feed