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Teaching The Value of Money

Teaching The Value of Money. A lesson for fourth grade students By:David Langin. Where To Begin. Begin using numbers instead of actual coins Let objects represent what would be coins Use such objects as fruit or candy or something creative

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Teaching The Value of Money

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  1. Teaching The Value of Money A lesson for fourth grade students By:David Langin

  2. Where To Begin • Begin using numbers instead of actual coins • Let objects represent what would be coins • Use such objects as fruit or candy or something creative • Explain that we would rather have 3 apples as opposed to 1 apple, and so on…

  3. One more Thing • It is important to illustrate nice graphics on each coin when teaching them. • This is also true with the dollar bills that will be taught later. • Have the students cut out pictures of money so they know and understand what each coin and dollar looks like.

  4. Introducing Coins • Start by explaining the value of a penny • Explain that it has a very small value as opposed to the the rest of the types of money • You can then explain that it takes (5) pennies to make (1) nickel

  5. The Value of the Nickel • Explain the value of the nickel and ask for examples of what can be purchased with one nickel • The go on to explain that it takes (2) nickels to equal (1) dime

  6. Dimes and Quarters • Explain to the students that it takes (2) dimes and (1) nickel to equal (1) quarter, or it could take (3) nickels and (dime) to equal (1) quarter, or simply (5) nickels • Ask students of thinks that they could buy for a quarter or a combination of several quarters, dimes, nickels, and pennies.

  7. The Uncommon Coins • Explain that the half-dollar and the silver dollar are coins but they are uncommon in circulation. • Explain both of their value in that it takes (2) quarters to equal a half dollar, or that it takes (4) quarters to equal a dollar, or many other combinations. • Ask the students for some possible combinations that could be used to equal one dollar.

  8. Moving Along • Once the students understand what coins constitute one dollar it is time to introduce the dollar bill. • Explain that a dollar can be valuable and ask the students for examples of items that can be purchased for about one dollar.

  9. The 5 Dollar Bill • Explain to the students that it takes (5) one dollar bills to equal (1) five dollar bill.

  10. The 10 Dollar Bill • Explain that it takes (2) five dollar bills to equal (1) ten dollar bill, or it takes (5) one dollar bills and (1) five dollar bill to equal (1) ten dollar bill. • Once again, ask the students for examples of items that could be purchased for about ten dollars.

  11. The 20 Dollar Bill • There are many different ways to combine money to total 20 dollars • Ask the students for some examples, such as (1) ten dollar bill, (1) five dollar bill, and (5) one dollar bills. • Then explain the value of the 20 dollar bill and ask for examples of items that could be purchased for 20 dollars.

  12. The Large Bills • Explain to the students that there are such bills as 50 dollar bills, 100 dollar bills, and even larger bills. • At this time it is not necessary to go into great detail with the students about these types of bills.

  13. Concluding • At the end of the lesson, give the students a worksheet with different dollar amounts and have them tell you what bills and coins will be needed to achieve the specified amount. • Also, list a few different types of dollars and coins and have the students identify the exact amount that it totals. • Tell the students that this worksheet will be very similar to their upcoming test.

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