Teaching Kids to Count Money Step by Step (2024)

I'm sure you've heard it said before, "When will I ever use this," about many math concepts. And it might be true that some higher level math skills won't be used if you aren't in a career with a math focus. But there are many math skills that we use in our daily lives and counting money is one of them. Teaching kids to count money is one of those skills that our students will use for the rest of their lives. So we owe it to them to guide them to mastery on this skill.

Teaching Kids to Count Money Step by Step (1)


Before You Teach Kids to Count Money

Teaching Kids to Count Money Step by Step (2)Before jumping in to counting money, it is really important that kids know how to skip count by 5's, 10's and 25's. The more fluently they can skip count the more fluently they will be able to count money. Obviously, counting by 1's is also an important foundational skill that will help kids learn to count money.

Your students don't need to have mastered skip counting, but having an understanding of the concept will be very important. If they cannot skip count by memory then it will also be important to have a skip counting tool in place that they can use as they count money.

Step 1: The Value of Coins

The first step in teaching kids to count money is to make sure that they can identify each of the coins and its value. Students should be able to identify a coin by both the front and back side, give its name and how much it is worth.

Step 2: Sorting the Coins

One of the easiest ways to teach kids to count money is to start by sorting the coins into groups. Once you have all of the same coin together, the next step will be much easier. Later, as students find counting coins easier, you can skip this step and keep the coins mixed up. But for starting out, this sorting step will make the rest of the process easier for the students.

Teaching Kids to Count Money Step by Step (3)

Step 3: Start with the Biggest Value and Count On

Have students find the coins with the biggest value. Then show students that since all of the coins in that group have the same value they can use skip counting to count them. If you are using actual coins, have students count as they touch the coin and drag it into a new pile.

If you are using pictures of coins on a worksheet or practice page, have students write in the value of each coin on the picture. Then have them skip count starting with the biggest value.

Once they skip counted all the coins with the largest value, then move to the coins with the next largest value. Start counting where you left off and just adjust what you are skip counting by. Here's an example:

Teaching Kids to Count Money Step by Step (4)

In this picture you can see 3 quarters, 3 dimes and 5 pennies. This is what the counting process should sound like for this group of coins - quarter first, then dimes, pennies last. This is what it should sound like:

25 - 50 - 75 - 85 - 95 - 105 - 106 - 107 - 108 - 109- 110

This process is called Counting On and it is one of the easiest ways to teach kids how to count coins. In fact, although as an adult you probably don't think about each of these steps, it is very likely that this is how you count money without even realizing it.

Teaching kids to count money doesn't have to be hard if you follow these steps. Start with one coin and work through the steps. When students can count multiples of each individual coin then move to two different coins in the group and work through the steps. Once students can count two different coins then add a third coin and work through the steps. Just slowly build upon the last lesson as students show that they are ready!

When people tell me they are having problems with their class learning to count money I immediately wonder what step they are missing. After a few minutes of talking I can usually pin point the problem, and it always comes back to the steps. Sometimes they don't have a skip counting foundation and other times they jump from Step 1 to multiple coins Step 3 and just skip over the step by step approach.

Practice, Practice, Practice

Once students have learned the steps for counting coins, they need to practice, practice and practice so more!

Hands-On Practice

One of my favorite ways to practice counting coins is to play a game called Grab Bag! Here I take a small bag of coins and have each randomly grab a few from the bag. Then we practice going through the steps and counting the coins.

The great thing about the Grab Bag is that you can fill the bag with the coins you are working on, or the coins your kids are struggling with. So, if you are working on counting by pennies and nickels, then you would only put pennies and nickels in the bag. This makes it really easy to differentiate for your students. This is a really fun game to play during small group instruction. Once students can count coins independently, you can use the Grab Bag game as a math center.

Written Practice

Money Counting Practice Pages are another great way to practice counting coins. My favorite counting coins practice pages are in this Time & Money set!

Teaching Kids to Count Money Step by Step (5)

What I love about this set is that it includes instructional posters and practice pages in an order that supports kids from the beginning to more advanced coin counting. The instructional posters can be used as you teach your lessons and then hung in the room to provide a learning tool that your students can refer back to.

Teaching Kids to Count Money Step by Step (6)

These posters will take you from Step 1 all the way through the coin counting process. You even get posters for the most advanced activities which requires students to apply what they know to a real world situation in the "Do I Have Enough" activities.

Next comes the variety of practice pages that will give your students the repeated practice necessary to learn and master this skill. First, students work on counting money that is all one coin. Then they work on counting money that is displayed in a line, already in order by value. Next they will have to order the money on their own when the coins are left in a random group. Finally, they will apply what they have learned to decide if they have enough money to buy something.

Teaching Kids to Count Money Step by Step (7)

You can also find these activities in digital format too! Students can complete these activities using Google Slides which makes them perfect for classroom technology integration, distance learning, or a 1:1 classroom setting.

Teaching Kids to Count Money Step by Step (8)

Students will type into text boxes and move objects to provide their answers on the digital activities. Look at the digital activities in action.

Get Counting!

Grab these fun and interactive counting money activities (and get some fun activities for learning to tell time too)!

If you aren't quite ready, then pin this to your favorite classroom Pinterest board so that you can come back quickly when you it's time to teach your students all about counting coins.

Teaching Kids to Count Money Step by Step (9)


Teaching Kids to Count Money Step by Step (10)

Teaching Kids to Count Money Step by Step (2024)

FAQs

How to teach kids how to count money? ›

Create a chart that has 100 squares, labeling each square in sequence with the numbers one through 100. Give your child a handful of different coins and tell them to place each one on the square representing the total value, having them begin with the highest-value coin and working their way down.

How to count money easily? ›

Always start with the coins of greatest value and work your way down. For example, if you have 3 nickels, 1 dime, 2 quarters, and 5 pennies, count the quarters first! After the quarters, the second most valuable coin is the dime. Then comes the nickel.

At what age should a child be able to count money? ›

The Money Advice Service shows that children begin to understand that money can be exchanged for goods around the age of 7. They also highlight that children's potential for learning is extraordinary, meaning that teaching financial literacy at this age can be highly beneficial.

How do you help someone learn to count money? ›

Learn How to Count Money
  1. Understand common paper bills: $1, $5, $10, $20, $50, $100. ...
  2. Separate coins by denomination. ...
  3. Arrange paper bills by value, facing the same direction. ...
  4. Use the "Coin Value Multiplication" method. ...
  5. Group coins in easy-to-add sets. ...
  6. Start with the highest denomination. ...
  7. Combine totals from coins and bills.

How do you teach kids the value of money? ›

When they're little
  1. Introduce the value of money.
  2. Emphasize saving.
  3. Introduce them to investing.
  4. Encourage a summer job.
  5. Introduce them to credit.
  6. Consider a Roth IRA.
  7. Help them set a budget.
  8. Encourage them to stay invested.

How do I teach my 7 year old about money? ›

5 to 7-year-olds
  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

How do you teach basic money skills? ›

How to teach your children about money
  1. Turn quizmaster to set a money test (don't forget treats for prizes) ...
  2. Give a reward for 'earning and learning' ...
  3. Introduce the idea of a pocket money 'budget' ...
  4. Set up savings jars. ...
  5. Hand over the reins for a big day out. ...
  6. Spend a day paying only with cash. ...
  7. Show them how you spend your money.

What strategies can be used to count money? ›

To count money, start by sorting out your coins by size and value. Put all of your quarters together, all of your dimes together, and so on. Once they are organized, count how many coins there are of each kind and then calculate the value of each stack using multiplication.

How to teach the concept of money? ›

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

How do you calculate money easily? ›

Steps to Calculate Money
  1. Sort cash and coins so that each denomination is in its own stack.
  2. Make a separate count of how many bills or coins are in each stack.
  3. For each stack, multiply the face value by the number of bills or coins in that stack.
  4. Add the totals of all stacks together. This is the sum total of the money.
Nov 26, 2023

What should be the first thing students learn when learning to count money? ›

Step 1: Identify coins and their values

Before counting, it is important that students are able to recognize, name, and assign value to each of the coins! It is essential that they understand that the size of the coin does not determine its value. A dime is worth more than a nickel even though it is smaller!

Why is it important to teach kids to count money? ›

These concepts form the foundation for understanding the importance of spending, sharing, and saving. How to handle money and begin to make financial decisions are important life skills that can be taught as soon as children can count, along with the difference between a "want" and a "need."

How can I make counting money easier? ›

Top Tips for Counting Money Fast
  1. Organise your denominations.
  2. Make sensible stacks of cash.
  3. Improve your dexterity.
  4. Check your accuracy.
  5. Practice makes perfect!

Why do I struggle to count money? ›

Dyscalculia is a learning disorder that affects a person's ability to understand number-based information and math. People who have dyscalculia struggle with numbers and math because their brains don't process math-related concepts like the brains of people without this disorder.

How do you teach kids to calculate money? ›

Teaching toddlers and young kids about the value of money

To get kids comfortable with handling money, one of the easiest things you can do is encourage them to sort coins. Help them separate and count out a pocketful of dimes and nickels and show them how many of each add up to a dollar.

What do children begin to comprehend the value of money? ›

When kids reach school age, they begin to comprehend more of the true value of money. For example, they can recognize the difference between something that costs $1 and another item that costs $100, and they can also tell you that 10 dimes makes $1.

When to start teaching kids about money? ›

Wunder said six is the age where kids start being able to grasp some money concepts. “This is the age children are starting to understand math at school and are able to comprehend the consequences of 'if it's gone, it's gone' and setting aside money for things they really want,” he said.

What age should you teach kids about money? ›

Teaching children about money management is essential in order to help them understand the value of money and equip them with the skills needed to manage it responsibly. Starting at 5 to 7 years old is a great way to begin developing their understanding of money management.

What grade do kids learn to count money? ›

Kids are taught how to count money in 2nd grade, and by 3rd grade, they may be prepared to solve more complex word problems involving monetary amounts. If your child could use a little extra review or if he or she is up for an additional challenge, use the following activities at home.

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