## Teaching Young Children About Money

There are many math games and activities that help children learn about money.

Helping your child learn the value of coins is a real-life skill that can be taught and learned easily if you use the following activities which are educational and fun:

**Free Exploration**

Give your child a small tub of real coins and allow him/her time to explore. This might be a good time for you to watch your child and note what is happening. Does he/she already know the names of each coin? Does he/she know the values? Do they notice likenesses and differences? Do they sort the coins? Make patterns (i.e. penny, nickel, penny, nickel, or dime, dime, quarter, dime, dime, quarter)?

**Alike and Different with a Magnifying Lens**

Children need to be able to identify coins before they can learn their values. This activity gives children the opportunity to examine pennies, nickels, dimes, and quarters closely and think about what things are the same and different among them. Noticing likenesses and differences is important in math and reading for young learners.

You will need a magnifying lens and 1 penny, 1 nickel, 1 dime, and 1 quarter.

Allow your child to experiment with the magnifying lens first.

Begin with the penny. Have your child look at it closely and tell you what he/she notices. I usually start with the heads side. Identify the year and place the coin was minted, the other words on the coin, and so on. Then look at the tails side. Don’t forget to examine the edges. You might want to have them cut out a large circle and draw pictures of both sides of the penny.

Look closely at each coin in turn, noting how they are alike and different. You might take a blank piece of paper and draw a vertical line down the center, dividing the paper into two columns. List Alike at the top of the first column and Different at the top of the second column. Begin to write about what you discover. Some things appear on every coin; some do not.

Talk about size and value. This can be confusing for young children because the nickel is larger than the dime but worth less.

**What Are the Coins?**

You’ll need some coins for your child to use to solve the problems.

Ask your child the following questions:

I have three coins in my pocket. They are worth 7 cents. What do I have? (a nickel and 2 pennies)

I have three coins in my pocket. They are worth 16 cents. What do I have? (a dime, a nickel, a penny)

I have three coins in my pocket. They are worth 11 cents. What do I have? (2 nickels and 1 penny)

I have three coins in my pockets. They are worth 30 cents. What do I have? (3 dimes)

I have six coins in my pocket. They are worth 30 cents. What could I have? (1 quarter and 5 pennies or 6 nickels). This problem has more than one answer. It is challenging for children to experience problems like this.

I have coins in my pocket, which have a value of 11 cents. How many coins could I have?

**Teachers – these activities can be used successfully in the classroom, and I think the secret to their success is using real coins. **