- The child learned to recognize different denominations of money, such as coins and bills.
- The child learned to count and add different amounts of money.
- The child learned to identify equivalent amounts of money, such as understanding that 5 pennies is the same as 1 nickel.
- The child learned to make change by subtracting the cost from a larger amount of money.
- The child learned to identify and solve simple money word problems.
Tips for continued development:
1. Encourage the child to practice counting money in real-life situations, such as when shopping or playing store. This will reinforce their understanding of the value of different coins and bills.
2. Introduce more complex money concepts, such as understanding decimal notation and calculating with decimals, as the child progresses. This will help them develop a deeper understanding of the monetary system.
3. Provide opportunities for the child to explore money management skills by setting up a pretend budget or allowing them to earn and save money for a goal. This will help them understand the importance of saving and making informed financial decisions.