Teaching Kids About Money

Posted by Kristy Beaudry McCain on Feb 13, 2014 8:02:42 AM

Money And The Common Core State Standards

890Money! Money! Money! Everyone is interested in money, especially school aged kids! Using books, math manipulatives, and realia (real items and objects), engages students when learning about money. Utilizing literature to teach mathematical vocabulary and concepts helps children to understand money and to complete complex mathematical calculations involving money.

 

Teaching Kids Content Specific Vocabulary Helps Improve Their Math Skills

When reading about money, teachers should explicitly introduce new math vocabulary to the students. It is helpful to chart the words for the students and glue a related picture next to the word.

For example:

Penny=one cent images-1

 

 

Nickel=five cents images-2

Math Manipulatives and Realia Make Math Comprehensible For Diverse Learners

Big money works. Children become enthusiastic learners when working with enlarged money. Enlarge pictures of coins and dollar bills, to at least twice the regular size. Introduce the types of money to the class. Then distribute the enlarged money to the students and have them color and cut out the money.

It learning centers, teachers can have regular sized plastic and paper money. Students can gain experience with money by playing games with the money. They can also set up a store. They can price and sell items at the store.

Recommended Reads About Money

Big Universe Learning offers a large variety of books about money. Schools, children and families can easily read several online books. Find these books at http://biguniverse.com

3716Kids Making Money

by Mattie Reynolds (author) © 2013
Grown-up people earn money in different ways. But kids can earn too. Learn about age-appropriate jobs kids can do and how money earned can add up to spend, save, and share wisely.

3717Saving for the Future

by Mattie Reynolds (author) © 2013
There are many things a person needs. But there are also things we want. With this introduction to financial literacy, you can learn why it’s important to save a part of what you earn for things you want in the future.

Super-Smart Shopping

3719
by Mattie Reynolds (author) © 2013

People shop for things they need and things they want. Before spending money, smart shoppers save, budget, and compare. This introduction to financial literacy helps us learn ways to spend wisely.

3718Sharing with Others

by Mattie Reynolds (author) © 2013
It can feel good to earn money. But sharing what we earn with others can help many more people enjoy the benefits of hard work. With this introduction to financial literacy, you will learn how sharing time, goods, and money can help those in need.

3147 Money Counts

by Shirley Duke (author) © 2013
Introduces students to the concept of money from a penny to a dollar. Shows them how to make different amounts with different coins and how many coins it takes to buy something.

1811Money Through the Ages

by Tim Clifford © 2009

Discusses how money was used throughout history.

Connecting To The Common Core State Standards

The Common Core State Standards clearly outline what is expected of students at each grade level. The Common Core State Standards can be found at www.corestandards.org/

Grade Two Mathematics: Work with time and money

This is what the Common Core State Standards require for second graders when working with with money.

Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately. Example: If you have 2 dimes and 3 pennies, how many cents do you have?

 

Would you like to read more about money and finances? Visit

http://blog.biguniverse.com/2013/04/20/financial-literacy-month/

Topics: Classroom Ideas, Common Core, Differentiation, Big Universe News, Integration Ideas, Literacy

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