First Grade Math: Money (2024)

I love to see how excited 1st Grade students get over working with money. This unit is loaded with hands-on and engaging math centers that help students build a strong foundation for counting coins, which will be more developed in the 2nd Grade math curriculum. Although money isn’t specifically taught in first grade, I have included this unit in the Math Made Fun Curriculum in order to give students the opportunity to develop a strong foundation for life-long skills and to prep them for math concepts to come.

In this math unit, students will:

*Practice differentiating between coins

*Count pennies up to 20

*Skip count by 1’s, 5’s and 10’s to identify values of multiple pennies, nickels and dimes

*Counting on from a coin with higher value (eg. one dime, one nickel and two pennies would be counted on as 10, 15, 16, 17)

*Compare values of 2 groups of coins up to 99 cents

*Determine the amount of coins needed to come to a specific value

*Determining if there is enough money to buy an item

*Determining the amount of change that would be left after buying an item

*Identifying multiple combinations of coins to make up the same value

In the First Grade Math Made Fun Unit 7, money has never been so fun! This unit is loaded with 17 Hands-ON Math Centers and 39 NO PREP practice pages to help teach, master and reinforce this very important math concept.

FIRST GRADE MATH MADE FUN CURRICULUM

Check out the other First Grade Math Units in action:

Unit 1: Numbers up to 120

Unit 2: Addition

Unit 3: Subtraction

Unit 4: Place Value

Unit 5: Geometry

Unit 6: Measurement

Unit 7: Money

Unit 8: Telling Time

LET’S LOOK AT THE MATH CENTERS FOR UNIT 7IN ACTION…

CENTER NUMBER 1: Show Me the Money

Decide which coins are needed to make the correct cents on the bank. Record how many of each coin you used.

CENTER NUMBER 2: Coins- True or False?

Add up the coins. Decide if the coins are equal to the value on the card. Sort the cards to the true or false mats.

CENTER NUMBER 3: How Much Did You Spend?

Roll a die for each coin. Place the correct number of coins in the column. Add them up and record your total. Whoever has the most money gets to color a star.

CENTER NUMBER 4: Coins- Flip and Cover

Flip a card. Count the coins. Cover a value to match the card.

CENTER NUMBER 5: Money- Spin and Build

Spin both spinners. Count out the number of coins. Add them together and record the value on the recording sheet.

CENTER NUMBER 6: Coins in the Bank

Flip a card. Place the coins in the bank, and add them up. Write the value on the recording sheet.

CENTER NUMBER 7: Tubs of Popcorn

Count the coins on the tub. Find the popcorn that has the matching value. Record the value on the recording sheet.

CENTER NUMBER 8: Coins- Count and Cover (up to 25 cents)

Flip a card. Count the coins. Cover the value to match the card.

CENTER NUMBER 9: Coins- Count and Cover (up to 50 cents)

Flip a card. Count the coins. Cover the value to match the card.

CENTER NUMBER 10: Coin War- Flip and Count

Each player gets a stack of 12 cards. Both players flip and place a card on the board. Total the coins and compare the values. The player with the highest value wins that round and gets to keep both cards.

CENTER NUMBER 11: Toy Shopping (up to 25 cents)

Pull a card. Count the coins. Write the amount on the recording sheet. Color a happy face if you can buy the item. Color a sad face if you cannot buy the item.

CENTER NUMBER 12: Grocery Shopping (up to 50 cents)

Pull a card. Count the coins. Write the amount on the recording sheet. Color a happy face if you can buy the item. Color a sad face if you cannot buy the item.

CENTER NUMBER 13: Pet Store Shopping (up to 75 cents)

Pull a card. Count the coins. Write the amount on the recording sheet. Color a happy face if you can buy the item. Color a sad face if you cannot buy the item.

CENTER NUMBER 14: Candy Shopping (up to 99 cents)

Pull a card. Count the coins. Write the amount on the recording sheet. Color a happy face if you can buy the item. Color a sad face if you cannot buy the item.

CENTER NUMBER 15: Equivalent Amounts

Pull a card. Show two different ways to make the amount shown. Draw the coins on the recording sheet.

CENTER NUMBER 16: Money- Make a Match

Count the coins on the board. Find the card that matches the value of the coins.

CENTER NUMBER 17: Different Ways to Make Change

Find two ways to use coins to match the value on the card. Record the numbers on the recording sheet.

THERE ARE 39 NO PREP PRACTICE PAGES INCLUDED IN UNIT 7

HOW DO I ORGANIZE THE UNITS?

I chose to store the math centersin Sterilite bins, because they don’t take up too much space. It is a tight fit, but I find that they work nicely for me. However, if you choose, you could store the centers in a larger container as well. Within the bin, each math center is stored in a gallon sized ziplock baggie.

LET’S TAKE A LOOK AT SOME OF THE NO PREP PAGES “IN ACTION”…

You can purchase Unit 7 individually HERE or

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Rainy Day Crafts!
Ready2Read Level 2 Units 7 and 8 Bundled!
Learning the 50 States!
Printable Minibooks (-at family)

FAQs

How do you solve money in math? ›

Solving Money Math Word Problems

Identify what the word problem is asking. ...
Take note of keywords in the question. ...
Write the equation using the information given in the problem.
Solve the equation to find the solution, using the correct operation.
Check your work and make sense of the answer.

Read On ›

What is the concept of money for grade 1? ›

Money is a mode of payment accepted by both sellers and buyers for goods and services. Money is what we give in return when we buy stuff like food, clothes, house, groceries, etc. We give money in return for purchasing anything. This is a simple trade or exchange.

Discover More Details ›

How to teach hairy money? ›

When you use the Hairy money strategy to count a group of coins, the first step is drawing hairs. Draw hairs on all of the coins. Now we simply count all of the hairs by 5s and count on the bald spots by 1s. This will give us the total amount of all of the coins.

How do I teach my 7 year old to count money? ›

Using single coins, create pairs of cards. On one card, put a photo of a coin (or tape a coin to a card). Then, write different coin values on separate cards. Shuffle the cards and have your child practice matching coin cards with its matching written value card.

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How do you calculate money easily? ›

Steps to Calculate Money

Sort cash and coins so that each denomination is in its own stack.
Make a separate count of how many bills or coins are in each stack.
For each stack, multiply the face value by the number of bills or coins in that stack.
Add the totals of all stacks together. This is the sum total of the money.

Nov 26, 2023

Find Out More ›

What is an example of money in math? ›

Conversion of Rupees and Paise

For example, 18 rupees and 30 paise can be written as 18.30. We know that Rs. 1 = 100 paise. So, to convert rupees into paise, we multiply the amount by 100.

Tell Me More ›

What is the mathematical equation of money? ›

In equation form, it is represented by MV = PY, where M is money supply, V is the velocity of money, P is price level or inflation, and Y is the real output or real GDP.

Show Me More ›

What is money in short answer? ›

A medium of exchange that is centralized, generally accepted, recognized, and facilitates transactions of goods and services, is known as money. Money is a medium of exchange for various goods and services in an economy. The money system varies with the governments and countries.

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What is money explained to kids? ›

Whenever. people pay for goods or services, they use some form of money. Money can be almost anything, as long as everyone agrees on its value. One of the earliest forms of money was metal, such as gold or silver. In North America, Native Americans used beads made of shell, called wampum, as a form of money.

What should a first grader know about money? ›

Concepts and Skills to Master

Recognize names and identify values of pennies, nickels, dimes, and quarters • Compare values of coins • Use the cents symbol to write the value of a penny, a nickel, a dime, and a quarter.

Show Me More ›

How to teach money to kids? ›

When they're little

Introduce the value of money.
Emphasize saving.
Introduce them to investing.
Encourage a summer job.
Introduce them to credit.
Consider a Roth IRA.
Help them set a budget.
Encourage them to stay invested.

More items...

Read The Full Story ›

How to teach dollars and cents? ›

Use fake bills and coins and give each student the same amount. You can print out fake bills and coins from different websites or buy them from a toy store. Students can then “buy” the items and see what they can and cannot afford. This is a good opportunity for students to understand the value of money.

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What is the easy way to count money? ›

Always start with the coins of greatest value and work your way down. For example, if you have 3 nickels, 1 dime, 2 quarters, and 5 pennies, count the quarters first! After the quarters, the second most valuable coin is the dime. Then comes the nickel.

Get More Info Here ›

At what age do kids learn to count money? ›

It's always important to remember that kids develop at different rates, and you'll know best when to teach your child to count money. However, as a rough guideline, children can start learning to count money shortly after they start learning to count in general. This could be around age 4.

First Grade Math: Money (2024)

FIRST GRADE MATH MADE FUN CURRICULUM

LET’S LOOK AT THE MATH CENTERS FOR UNIT 7IN ACTION…

CENTER NUMBER 1: Show Me the Money

CENTER NUMBER 2: Coins- True or False?

CENTER NUMBER 3: How Much Did You Spend?

CENTER NUMBER 4: Coins- Flip and Cover

CENTER NUMBER 5: Money- Spin and Build

CENTER NUMBER 6: Coins in the Bank

CENTER NUMBER 7: Tubs of Popcorn

CENTER NUMBER 8: Coins- Count and Cover (up to 25 cents)

CENTER NUMBER 9: Coins- Count and Cover (up to 50 cents)

CENTER NUMBER 10: Coin War- Flip and Count

CENTER NUMBER 11: Toy Shopping (up to 25 cents)

CENTER NUMBER 12: Grocery Shopping (up to 50 cents)

CENTER NUMBER 13: Pet Store Shopping (up to 75 cents)

CENTER NUMBER 14: Candy Shopping (up to 99 cents)

CENTER NUMBER 15: Equivalent Amounts

CENTER NUMBER 16: Money- Make a Match

CENTER NUMBER 17: Different Ways to Make Change

THERE ARE 39 NO PREP PRACTICE PAGES INCLUDED IN UNIT 7

HOW DO I ORGANIZE THE UNITS?

LET’S TAKE A LOOK AT SOME OF THE NO PREP PAGES “IN ACTION”…

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FAQs

How do you solve money in math? ›

How to teach money to kids? ›