3rd Grade Math: Counting Money Games

Counting Money

Recognize the Same Amount of Money

Shine bright in the math world by learning how to recognize the same amount of money.

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The “money math games” in the previous grades insist upon understanding the denomination of currency. With fluency in identifying coins and the associated value, kids learn to select penny, dime, nickel, quarter dollar, half a dollar and one dollar using word math problems. Followed by counting money to tender change against a bill or making amounts using change, the knowledge of number-sense pertaining to money strengthens.

The grade-3 games for “money” instigate upon comprehending numeric and math puzzles to solve a math problem by applying the basic math operations while counting money. These operations are addition, subtraction, multiplication, and division.

Upcoming section delineates the salient aspects of money counting games in the pretext of educational games.

What is “Currency”?

The previous grades nurture the understanding of coins used in the running currency across The United States of America. By using the money math, each currency coin in the form of change is represented in the following figure.

The denominations of currency coins are useful in solving money math games of counting change using number-sense and basic math operations.

Math Games for Teaching Currency Trade/Money Sense

The money-exchange is an important part of human-lives across all nations. With different currencies around the globe, the money math is a basic mandate for counting change to render any service or purchase goods. The concept of counting money is introduced to kids in preschool years by exchanging things among other kids. The comprehension of printable money and denominations of the existing bills & coins is one of the important aspects of learning money control facts.

The upcoming section acclimatizes the money math games and corresponding learning outcomes.

Learning & outcome:

The math lessons on comprehension of currency coins & precise identification in the 1st and 2nd-grade nurture the familiarity with currency & trade. The money math games for grade-3 from SplashLearn are prolific in applying the concurrently acquired math skills. The knowledge of number-sense, place-value system, counting skills along with reading & writing numbers in textual form is further honed by using the concepts in real-life application scenarios. The preschool math games on how to count money fast corroborate the money counting skills.

The expected learning outcomes are tabulated as follows:

Comprehend the word problems on money counting and framing math equations using numbers and math symbols
Assimilating the knowledge of currency coins to accurately tender change
Count & compare the monetary values in a word-problem or math puzzle to order them in ascending or descending order
Add & subtract the values associated with a coin to compute the aggregated sum or the difference in two numbers
Multiply & divide the numbers to evaluate the total value corresponding to a group of objects as well as the value of an individual product from a group

Required math skills

The “money math games” predominantly insist upon discrete coin recognition and the comprehension of number-sense using the place-value system and base-10 blocks with reference to the associated value. With fluency in the basic math operations and progressing math skills such as multiplication and division using pictures and counters, skip counting (backward and forward) on a number line or with mental computation is a prerequisite. The interactive games for kids are eclectic in boosting confidence to solve math equations on money counting.

Engagement:

Contemplating the significance of “money control” and money math in daily lives, everyday math games are the first step to propel the fast “money counting” math. SplashLearn games flaunting theme-based interface adhere to the prescribed common core math curriculum.

The versatile games are designed to assist parents to plan a homeschool curriculum as well as in building a conducive & highly engaging environment for student learning. The third-grade worksheets offer an inquisitive & a comprehensive collection of numerous word-problems, brain teaser puzzles and hard math riddles to learn math online.

Manipulatives used for money control

Base-10 blocks

Akin to number-sense math for single-digit and higher numbers, the base-10 block comprehension for money games is highly efficient. Kids can easily relate to the monetary values during classroom teaching with the blocks.

Also, the blocks are helpful in proficiently computing the sum or the difference of two figures with reference to the coins such as a penny, dime, half a dollar and one dollar. The denominations such as nickel and quarter dollar can also be evaluated using base-10 blocks.

Reference image: Representation of money using base-10 blocks

Money operations

a. Addition of money

The scenarios instigating the addition of money are the ones where multiple items are purchased. For example, a box of pencils along with a set of notebooks. The price of both the items will be added together to evaluate the total cost of the purchase.

The comprehension of the word problem in the form of a math equation will be:

Price of box of pencils = $6
Price of 2 notebooks = $8

The total price is ➔$6 + $8 = $14

b. Subtraction of money

Akin to the addition of money, the subtraction of money is used in the cases pertaining to counting change for return against a payment. For example, Joe paid the $10 bill to the shop owner for a box of colors costing $7. How much change is tendered by the shopkeeper?

To solve math equation framed for the problem, follow the steps as follows:

Value of bill paid = $10
Price of colors = $7

The returned change is ➔ $10 – $7 = $3

c. Multiplication of money

Akin to the addition of prices of different items to evaluate the total bill, multiplication of money is used when the prices of each product are same. Similar to forward skip counting on a line plot, the total bill (product) is evaluated by multiplying the price of the product (multiplicand) by the total number of the products (multiplier).

For example, a box of pins cost $5. How much is the price for 3 boxes?

Price of one box = $5
No. of boxes purchased = 3

Total bill is ➔ $5 x 3 = $15

d. Division of money

The division of money is primarily used for counting the price of an individual object from a set of objects. Contemplating the fact that each object in the set has the same price. The total price will be the dividend, the number of products as the divisor and the quotient will be the price of an individual product.

For example, a box of toy cars has 6 cars. The total cost of the box is $48. What is the cost of each car? The math equation framed for the respective word problem will be as follows:

The total cost of the box = $48
Total number of cars = 6

The price of each car will be ➔$48 / 6 = $8

Application

The purview of counting money by applying basic math operations develops the application aspect of the acquired skills. The knowledge of counting money lays the foundation of early management skills in kids for planning finances in each stage of their lives. Math lessons on comprehension of the value of coins and banknotes initiate the approach of saving money using piggy banks as well as in bank accounts later on.

SplashLearn Money Games Worksheet

The introduction of math lessons on financial education in the early grades during preschool learning is the very first step towards financial management. The knowledge of counting money institutes monetary virtues in kids to manage the savings and spend suitably. Within the purview of basic & advanced math operations along with arithmetic comprehension pertaining to brain teaser puzzles, money counting is beneficial. To nurture & strengthen the math sense & cultivate fast math skills, plan and initiate educational assessment with SplashLearn educational games.

The comprehensive math worksheets for 3rd grade featuring logic puzzles and brain teasers are best suited for homeschooling as well as to prevent skill-loss during summer vacation. The real-time progress dashboard assists in the preschool assessment of math skills to plan and implement everyday math activities.