Basic Money Skills

Basic Money Skills

Basic Consumer MathLesson 1 Introduction

Mrs. Stack

Warm Up

1. What do we use money for?2. What does this symbol $ mean?3. What does this symbol ¢ mean?4. What kind of money is there?

I Can Statements

I can …..• Tell what currency is.• Tell what we use money for.• Tell what these symbols mean $ and ¢.

Warm Up Discussion

• Click on Blog Post Link for class discussion and answers.

Introduction

• "Today we are going to begin a lesson about money. We will learn such things as where money comes from, what money looks like, and what we can do with money.“

• Does anyone know what money is?

What does the "$" symbol on the pig mean?

• What does the pig represent? • http://www.moneyinstructor.com/images/pig.gif

Currency

What kinds of money is there?

• "Money comes in two forms: coins and paper money. Does anyone know which is which?

• What is the difference between the two?

Paper Money

Paper Money

• 1 dollar bill = $ 1.00• 2 dollar bill = $ 2. 00• 5 dollar bill = $ 5.00• 10 dollar bill = $ 10,00• 20 dollar bill = $ 20.00• 50 dollar bill = $ 50. 00• 100 dollar bill = $ 100.00

Coins

Penny1¢ Nickel 5 ¢

Dime 10 ¢ Quarter 25 ¢

"You can put money together to make bigger money. For example:

• 5 pennies = nickel• 2 nickels = dime• 2 dimes and 1 nickel = quarter• 4 quarters = dollar

Coins

Coins

Pennies, nickels, dimes and quarters.Well a penny is one and a nickel is five, A dime is worth ten and a quarter twenty-five.Pennies, nickels, dimes and quarters.

Five pennies make a nickel,Two nickels make a dime.Two dimes and a nickelmake a quarter and it's mine.Pennies, nickels, dimes and quarters.

Activity: Add up the Dice

• Students pair up in groups of two/three.• Take turns rolling the dice and add up the

amount of money rolled. • Record answers.

• http://www.education.com/files/77601_77700/77689/play-dice-coin-counting.pdf

Exit slip Questions

Word Bank: Penny Nickel Dime Quarter Quarters

1. Five pennies make a_____________2. Two nickels make a ____________3. Two dimes and a nickel make

a________________4. One cent is a ______________________5. Four ________________ makes a dollar