Introduction
Today, we’re going to learn all about money. Just like how you might use tokens to play games, we use coins and notes to buy things in the real world. In the UK, we have lots of different coins and notes that we use to pay for things. Let’s dive in and have some fun learning about them!
Reasons to Use
Understanding money is super important because we use it every day. Whether you’re buying a tasty treat, a new toy, or saving up for something special, knowing how to use money helps you make smart choices. Plus, it’s fun to see how coins and notes add up!
Out in the Wild!
Money helps us:
- Buy items at the store.
- Save for something special.
- Understand the value of different items.
- Learn how to give and receive the correct change.
Examples
Beginner: Adding to Get 15p from Any Number of Coins
Imagine you want to buy a candy that costs 15p. How can you make 15p?
- Example 1: 10p + 5p = 15p
Intermediate: Adding to Get Price from a Set Number of Coins
Let’s try making 15p using four coins.
- Example 2: 10p + 2p + 2p + 1p = 15p
Expert: What Change Do You Get?
You bought a toy for £1.58 and used a £5 note. How much change will you get?
- Start with the amount you paid: £5.00
- Subtract the cost of the toy: £5.00 – £1.58
Let’s break it down:
- £5.00 – £1.50 = £3.50
- £3.50 – £0.08 = £3.42
So, you get £3.42 back in change!
Troubleshooting Tips
- Common Mistake 1: Forgetting to carry over when adding larger coins.
- Tip: Always double-check your addition.
- Common Mistake 2: Mixing up coins.
- Tip: Lay out the coins in order from smallest to largest to help you keep track.
Also known as...
You will also find questions that may use other words but will mean the same thing. These all mean we are working with Money
- Pounds (£) and Pence (p)
- Quid (slang for pounds)
- Coins and Notes
Where else is this Used?
As you get better at handling money, you’ll start learning about more complex concepts like budgeting, saving, and even investing. These skills help you manage larger amounts of money and plan for the future.
Memory Tips
- Rhymes: “Five pence alive, ten pence is a hen, twenty pence plenty!”
- Visual Aids: Use pictures of coins and notes to match amounts.
- Games: Play shopkeeper and customer with friends or family to practice making change.