Teaching Money in FDK (2024)

Today I'm popping in to talk about all the money fun we have been having in our class lately!

The FDK expectation for money is..

NS1.10 explore different Canadian coins, using coin manipulatives

First we started by watching the song Canada in My Pocketby Michael Mitchell.

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Then we used my coin posters to learn the name and value of each coin.

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Sidenote: Sorry about the glare in some of these pictures... lamination and classroom lights are not friends... ;(

We also added these word wall cards to our math word wall so that the students could use them whenever they needed.

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At centre time we worked on sorting coins by kind...

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and many students completed this "My Book of Canadian Coins" booklet.

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Here are all the different versions. I pick and choose which version(s) to set out depending on the ability of that class. Or we do them in small groups and I copy the booklet that's just right for each student :)

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On the second day we watched this Canadian Coin Song.

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and I also introduced them to the Coin Spot game from TVOKids.com which they LOVE every year.

Update: I just found out while teaching Canadian Coins this year that this game is no longer available on TVO kids.. which is so sad because it was such a great game! If anybody knows of a good alternative please let me know!

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I introduced a few more new centres...

Here is a patterning centre using coins:

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On the third day I introduced them to the coin poem...

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and then left it out as an option to de- and reconstruct the poem during centre time.

My ECE pulled a small group of kids who were not quite fluent with coin names and values to work on co-constructing this anchor chart.

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For a challenge I put out these add and match the value cards one day for my high kiddos...

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and we also played "Feed the Piggie"

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The students pick a card, read it and put that many coins in the piggy bank! You can also put the sentence strip out and invite the students to count how many coins are in the piggy bank when they are finished.

If that was too easy there was a challenge option which included writing the number of cents and dollars in the piggy bank.

If you are interested in any of these activities you can find them in my newest product

Click on the pictures below if you are interested!

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My kids are really fluent with coins now and we are ready to move on!

Do you have any tried and true money/coin teaching ideas for Kindergarten?

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Added: April 13, 2023

I'm popping in to update this post with a few new things that were added since I wrote the original blog post!

This one is "Roll, Find, Match & Cover". The students roll the dice, find the coin, find a match on the mat and cover it. They keep rolling until all of the coins are covered. I encourage them to say the name of the coin as they cover it. They can play by themselves or race a friend.

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This one is called "Coin Value Drop". This one is a trickier one because they need to know the value of the coin and put it in the right jar! To make these I just cut a slit in the piggy bank pictures (I made them just slightly bigger than the coin so it is slightly self-correcting) removed the inner metal circle of the lid and replaced it with the piggy bank circle I had cut out (I hope that makes sense!). The kids enjoyed this one too!

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This is "Roll & Cover"! My students love this one! They can play on their own or with a partner. If they are playing on their own, they just roll and cover until their mat is full. If they are playing with a partner, each person grabs a mat and they take turns rolling the dice. The first person to cover all of their coins is the winner!

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This one is for working on coin identification and initial sounds! An easy way to integrate some literacy into math centre time!

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Also since writing the original blog post, we've been through a pandemic and online learning, which made Google Slides resources extremely popular! Most teachers are back in the classroom but still use the Google Slides for centres, whole group learning etc.! They work well especially if you have a SMARTBoard!

You can see more of what's included in the preview below. Here's the link if you're interested in the Google Slides version:https://www.teacherspayteachers.com/Product/Digital-Math-for-Kindergarten-Canadian-Coins-Google-Slides-6456315

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Teaching Money in FDK (2024)

FAQs

How do you explain money to kindergarten? ›

How to Teach Preschoolers and Kindergartners About Money
  1. Use a clear jar for their savings. ...
  2. Set an example with your own money habits. ...
  3. Show them stuff costs money. ...
  4. Show them how opportunity cost works. ...
  5. Give commissions, not allowances. ...
  6. Avoid impulse buys. ...
  7. Stress the importance of giving. ...
  8. Teach them contentment.
Jan 9, 2024

What are the money units for kindergarten? ›

nickel, dime, quarter, cent, dollar, (vary with country) five cents, ten cents, twenty-five cents. worth, value, compare. counting by ones, counting by fives, counting by tens.

How do you introduce money for a lesson? ›

Here are some tips for teaching money:
  1. Practice a little every day. Don't wait for the unit on money to start teaching the lead-in skills necessary, like skip counting. ...
  2. Make it visible. Post large pictures of coins and their value in the room. ...
  3. Connect to home. ...
  4. Use the 100's chart.

How do you introduce money to kids? ›

Introduce the value of money

An allowance is a good first step—especially if you tie at least part of it to chores that teach responsibility and a strong work ethic. Earning an allowance introduces kids to the value of money and making choices for themselves.

How early to teach kids about money? ›

Hirshman suggests starting even earlier, between three and five. “This is when they have the ability to make choices and reason,” she said, adding that starting simple and progressing to passing on parents' own money values is ideal.

What should a first grader know about money? ›

Concepts and Skills to Master

Recognize names and identify values of pennies, nickels, dimes, and quarters • Compare values of coins • Use the cents symbol to write the value of a penny, a nickel, a dime, and a quarter.

What is the concept of money for Grade 1? ›

Money is the medium of exchange for goods and services. Different coins and paper money have different values. It is important for children to recognize the names and values of different coins and bills used in exchange for goods and services.

How do you count coins easy? ›

Counting Coins: Strategies for Speed and Accuracy

A quick way to count coins is by multiplying the value of each coin type by the number of coins. For example, if you have five quarters, you'd multiply 25 cents by 5, giving you a total of $1.25. Another strategy is to group coins into sets that are easy to add.

How do you teach pennies to kindergarten? ›

I think a really easy way to do this is to give students coin manipulatives and introduce each one. Have them each pick up a penny and have them examine it, look at the front and back, and tell them it is worth 1 cent. Walk around to make sure each student is holding the right coin. Ask them what they notice about it.

Why is money important kindergarten? ›

Children often see adults exchange coins and bills when they buy things. As children grow and start to make choices, they learn that people, things, and money have value. These concepts form the foundation for understanding the importance of spending, sharing, and saving.

What should schools teach about money? ›

If students are not taught about credit reports, debt, savings, stock, retirement, and similar subjects in high school, they are much more likely to experience money-related challenges when they put them to use in the real world. And current US statistics show we're definitely doing something wrong.

What is money in simple terms? ›

Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as the repayment of loans.

How do you explain money to students? ›

How to teach young kids about money
  1. Teach them what money is. ...
  2. Show them the many ways to pay. ...
  3. Show them how to earn money. ...
  4. Demonstrate how to spend responsibly. ...
  5. Teach them how—and why—to save. ...
  6. Stress the importance of giving back. ...
  7. Introduce them to the concept of budgeting. ...
  8. Use technology to your advantage.

How do you explain money to a 6 year old? ›

Ways to teach kids about money
  1. Collect coins and get familiar with money. ...
  2. Introduce children to money basics. ...
  3. Paying for shopping. ...
  4. Let them take control of their spending. ...
  5. Learning the differences between want and need. ...
  6. Introduce Chores. ...
  7. Don't let them make impulse purchases. ...
  8. Ads and scams.
Jan 8, 2023

What is money used for in simple words? ›

It is used as a medium of exchange between individuals and entities. It's also a store of value and a unit of account that can measure the value of other goods. Prior to the invention of money, most economies relied on bartering, where individuals would trade the goods they had directly for those that they needed.

What is children's concept of money? ›

Children often see adults exchange coins and bills when they buy things. As children grow and start to make choices, they learn that people, things, and money have value. These concepts form the foundation for understanding the importance of spending, sharing, and saving.

What money means to children? ›

Explain that Money Is a Tool

If you ask them, a lot of kids might say that money is something they collect, save, spend, or trade for other things they want. And while that may not capture the whole of our complex currency system, it's true — right on the money, you might say, for explaining it to kids.

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