What is Money?

What is Money?
Money is what we use to buy things. In this lesson, we will learn about coins, bills, counting money, and making change!

Types of Money

  1. Coins:
    • Penny: 1 cent
    • Nickel: 5 cents
    • Dime: 10 cents
    • Quarter: 25 cents
  2. Bills:
    • $1 Bill
    • $5 Bill
    • $10 Bill
    • $20 Bill
    • $50 Bill
    • $100 Bill

Counting Coins

  • How to Count Coins:
    • Start with the biggest coin and work your way down.
    • Example: If you have 1 quarter, 2 dimes, and 3 pennies:
      • 1 quarter = 25 cents
      • 2 dimes = 20 cents (10 cents each)
      • 3 pennies = 3 cents
      • Total:
        • First count the quarter: 25 cents.
        • Then add the dimes: 25 + 20 = 45 cents.
        • Finally add the pennies: 45 + 3 = 48 cents.

Making Change

  • What is Making Change?
    Making change is when you pay for something and get back extra money.
  • Example:
    If you buy a toy for $4 and pay with a $5 bill:
    • Change = $5 – $4 = $1
    • So, you get $1 back!

Adding Money

  • How to Add Money:
    Just like adding regular numbers!
  • Example:
    If you have $3.50 and find another $2.25:
    • Step 1: Add the dollars: 3 + 2 = 5 dollars.
    • Step 2: Add the cents: 50 cents + 25 cents = 75 cents.
    • Final Total: $5.75

Counting Bills

  • How to Count Bills:
    Start with the biggest bill and add the smaller bills.
  • Example:
    If you have:
    • 1 $20 bill
    • 2 $10 bills
    • 3 $1 bills
    • Step 1: Start with the $20 bill: $20.
    • Step 2: Add the two $10 bills: $20 + $10 + $10 = $40.
    • Step 3: Add the three $1 bills: $40 + $1 + $1 + $1 = $43.