money transactions

Math

• The Third-grade child has learned the concept of counting and adding money through the activity of money transactions.
• They have also learned about making change by subtracting the cost of an item from the amount given.
• The child has practiced identifying different coin values and understanding their equivalence (e.g., 5 nickels = 1 quarter).
• Additionally, they have gained an understanding of the concept of budgeting by setting limits on their spending.

For continued development related to money transactions, encourage the child to create their own store or marketplace using play money and objects from around the house. They can take turns being the shopkeeper and the customer, practicing making transactions and giving the correct change. This hands-on activity will reinforce their understanding of counting money and making change in a fun and interactive way.

Book Recommendations

• Follow the Money! by Loreen Leedy: This book introduces young readers to the concept of money and how it is used in different ways. It explores topics such as earning, spending, saving, and even investing.
• The Go-Around Dollar by Barbara Johnston Adams: This story follows the journey of a dollar bill as it passes through the hands of various people and is used for different purposes. It provides an engaging way to learn about the circulation and value of money.
• One Cent, Two Cents, Old Cent, New Cent: All About Money by Bonnie Worth: Part of the Cat in the Hat's Learning Library series, this book teaches children about the history of money, different types of currency, and the role of banks in our economy.