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Learning about money

  • Age group:
    Students ages 6 and 7
  • When:
    May or October
  • Time required:
    3 hours and 30 minutes

Area of learning:

  • Environment and consumption

Financial and cooperative skills

  • Learning the value of Canadian coins and bills
  • Recognizing Canadian money
  • Making a purchase under a certain amount

Execution

Students learn to understand and calculate the value of coins and bills.

All the documents you need to carry out this activity are in the right-hand column under Useful links.

Task 1: Differentiating between value and quantity

Task objectives

At the end of this task, students will be able to differentiate between the value and quantity of coins and bills.

Instructions

  1. Form 2 piles of coins for the class. Ask students to name the pile with the most money.
  2. Count the pile for the students and demonstrate that the largest pile (with the largest quantity of coins) isn't necessarily the pile with the largest monetary value.
  3. Discuss the definitions of the words value and quantity.
  4. Hand out the Canada's Coins and Bills sheet and have the children cut out the coins and bills.
  5. Ask students to use the cut-outs to individually answer the following two questions:
    • QWhat quantity of coins and bills do you have? The team should have 12 coins and 6 bills.
    • What is the value of all the coins and bills? The team should have $76 and $0.80.

Teacher's notes

  1. Example of money piles for comparison:

    A large pile of nickels and a small pile of quarters. It's important to show the difference between quantity and value.

  2. Definitions:
    • Value: what an object is worth, its price
    • Quantity: number of elements in a whole

Useful links

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