Teaching the value of coins to children

 

Around the age of 6, the children start learning addition and start observing their parents making financial decisions, especially about toys, groceries, and treats. This is a good time to introduce a real-time example of how a simple math skill can be used in the real world – especially in the world of personal finance. This activity will help the children in becoming more confident in math and in handling money. You can even make it fun for them!

If your kids do not already know that coins have different shapes, sizes, and values, please see our previous articles:

Single Player (Parents play with kids):

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Step 1: Get a bunch of coins and separate them into 3 or more piles randomly.coins-948603

Step 2: Ask the child to count the coins in each pile and note the total value. Count the coins with the child and encourage correct addition.

Step 3: Ask the kid to determine which pile has the largest value and which has the smallest.

Step 4:

Step 5: Make it more challenging:

  • Keep a record of the times taken by the child to complete the activity. Encourage the child to complete the activity faster next time.

Multi-Player (Kids play among each other):

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Step 1: Decide a prize for the winner (s). Decide the consolation prizes (keep this a secret until the end of the game)!

Step 2: Get a bunch of coins and separate them randomly into 2-3 piles per child.coins-990693

Step 3: Ask the children to count each pile and note the total values of their piles.

Step 4: Ask the children to determine which of their piles has the largest value and which has the smallest.

Step 5: The child who finishes the counting first and gets everything right – wins!

Step 6: Make sure there are plenty of participation prizes 😉

 

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