How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (2024)

How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (1)

Learning how to teach first graders and second graders about counting money can be tricky! American coin values are confusing because they don’t match the size of the coin. Adding to the confusions, kids have to skip count in a number of ways in order count a mixed group of coins. I remember when I first started teaching my first graders how to count money. They got SOOOO confused about switching from counting by 10s to counting by 5s. It felt like an impossible task! But learning how to count coins is such a critical life skill – I really got frustrated when these kids couldn’t figure it out!

I knew I needed to know more about how to count money for kids. Teaching money to kids is tricky! What I was doing definitely wasn’t working!

So, I consulted with co-workers and read from different math curriculum materials. I began to see how counting money was related to number sense and place value skills. I filled some number sense gaps for my students and provided more intentional instruction for counting coins and it got easier for everyone.

Pretty soon my kids could count coins like champs. They were begging to play fun money games in their free time. But most importantly, they were much more confident in their math skills.

The following math activities for 2nd grade and 1st grade will make counting money easier for kids (hint: the secret to success doesn’t actually use coins…)

1. Focus on Skip Counting (before counting money)

Counting money requires that students be able to skip count by 5s, 10s, and 25s. Long before you begin to teach money, practice skip counting with your students. To start, listen to each of them count by 5s and 10s – this will help you identify how much practice your class needs. Once you have this information, you may need to add skip counting routines to your daily morning meeting or math routines, or you may need to meet with a small group of students to practice a few times a week. (If your students are still struggling with subitizing and number sense, check out this post for some suggestions.)

Skip Counting Songs:

To practice skip counting, you can use skip counting songs. Jack Hartmann has some fun ones available on YouTube. Since the Jack Hartmann songs also include dancing and exercise, you can easily use them as a brain break during your day. For instance, in “Count by Tens and Exercise” kids do arm stretches, body twists, and dinosaur stomps as they count.

Skip Counting Cards:

Once kids understand the basic routine of skip counting by 5s and 10s, you can add some skip counting cards to your math stations or math centers. While the songs help with hearing the pattern of skip counting, the cards help students SEE the pattern of skip counting. You can make your own cards from index cards or cute little cut-outs for teachers. As another option, TPT offers a wide variety of choices.

How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (2)

You can make some skip counting cards pretty quickly with pre-made cut-out cards.

Count Around the Circle:

As a morning meeting game, you can have kids count around the circle. First, introduce this activity by counting by 1s, with the first student saying “1,” the next saying “2” and so on. Once they understand the concept, change to counting by 5s or 10s. You may need to display a 100 chart initially to help students identify the next number. To keep the activity engaging, you can time how long it takes to make it all the way around the circle or to 100 (or any other number.) But remember to support your students who are less confident with the skill – give them a 100-chart or make sure the are the first to say a number (because they are more likely to know the early numbers.)

2. Teach Stop and Start Counting:

Once your students are pretty solid with basic skip counting, you can introduce “stop and start counting.” This routine really helps prepare kids for counting money without having to think about coin values. It is similar to counting around the circle, but you change the skip counting pattern part way through. So you may start by having students count by 5s, then after several students (ex: 5, 10, 15, 20), tell them to stop and count by 5s from the number the last child said (21, 22, 23, 24…) When you begin, only do 5s and 1s. As students become more comfortable with the routine, you can add 10s and 25s and change 3-4 times as you work around the circle (to resemble counting a mixed group of coins.) Expect your students to be slow the first several times, but they will pick up speed as this becomes more familiar.

3. Introduce Counting Money with Coins Slowly:

When you actually introduce counting money with coins, start with only two kinds of coins (ex: nickels and pennies.) Some students will need to practice with only two coins for a longer time. Allow them to count real coins in a small group, or play games with only nickels and pennies. (Real coins may be easier to identify than plastic coins for kids who need additional support.)

When students count a group of coins, teach them to sort the coins first (making a group of pennies and a group of dimes, for instance.) You might even have the child line up the coins in each group for easy counting.

Limit the coins on math book pages by crossing out the dimes and/or quarters for these students until they master nickel and penny combinations. As you add dimes, continue to provide practice with only two coins at first (dimes and nickels or dimes and pennies). Then you can use mixed groups of the three coins.

Working with a smaller number of coin types allows the student to build on what they already know (for instance, counting a single coin type), while layering on a slightly more complicated skills.

How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (3)

4. Provide Visual Reminders:

Because American coin values do not match coin sizes (and switching between kinds of coins is tricky), some students benefit from visual reminders to help them as they count.

Anchor Charts

It may help your students to have an anchor chart with the coin values displayed. You might even write the skip counting pattern below each coin. They can refer to this as they are counting money during games or other math activities.

How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (4)

An anchor chart can prompt students as they count coins

Dot Coins

If you have a few students who are having a hard time shifting between skip counting patterns while counting money, you might use “coin dots” for those children. This is helpful for nickels, dimes, and quarters. With coin dots, each dot equals 5. So a nickel would have one dot; a dime would have two dots; and a quarter would have 5 dots. Then the student is able to count the coins by counting by 5s.

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Each dot is worth 5 cents. This is one way to make coin counting easier.

Use coins dots sparingly, because it is harder to transfer to counting with real coins, but it could be an appropriate temporary support for some students.

5. Practice with Fun Money Games:

You can add a variety of fun money games to your math centers or math rotations. They can even be used at the end of whole group lessons to differentiate practice (by matching the coins used to the student’s current understanding of coins.) Once students are familiar with the games, they can also be used as part of a soft start to your school day.

Your students will love playing games in math – the best part is they won’t even realize they are practicing math while they play! Here are a few simple money game ideas:

Coin War:

Coin War is played like the traditional card game War. Each player turns over a card and counts the coins shown. The player with the greatest value wins both cards. When there is a tie (a war), students turn over a new card and the winner takes all the cards from that round.Visit my TPT store to find this printable game to count money. The cards are organized by coin type, so it’s easy to differentiate for beginners and experts!

Coin War is a quick and easy way to practice counting coins. The cards are organized by coin type for easy differentiation.

Coin-Dice:

Create a “bank” with real or plastic coins (you can limit it to nickels and pennies, or do a variety of coins.) Students roll the die and take that many pennies. Once they have five pennies, they put the pennies in the bank and exchange for a nickel. If you play with more coins, they can also exchange coins for dimes and quarters. Continue playing until one child reaches $1.00. (This game is SO easy to use for differentiation!)

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Coin Grab:

Place coins in a small bag or sock. (Again, you can vary the coins to meet student needs). Player 1 reaches in and grabs 5 coins (she may choose to pull them out one at a time). Then player 2 grabs 5 coins. Players count coins. The player with the greatest value win this round. On the next round player 2 grabs coins first.

How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (8)

Coin Puzzles:

Coin Puzzles are a great addition to a math station. To complete the puzzles, students match sets of coins to their value. Numerous versions exist – some include only one set of coins per value; others include multiple coin combinations for each value.

Coin Puzzles are a great addition to math centers.

By being intentional in your instruction (focusing first on skip counting, then slowly introducing combinations of coins) you can make counting money easy for your students. Teaching money will be enjoyable and rewarding for everyone involved!

Here’s where you can purchase the games used in this post:

  • Coin War
  • Coin Puzzles

You might also like:

  • Common Mistakes When Teaching Money to Kids
  • Teaching Place Value to 1st Graders
  • How to Use Subitizing Cards in the Classroom
  • 9 Simple but Fun Math Games for Kids
How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (10)
How to Teach Counting Money in 1st and 2nd Grade – Primary Delight (2024)

FAQs

How do you teach a first grader to count money? ›

Skip-counting is where you count by multiples of 5s or 10s or 20s. It is a simple way for your child to count bills and coins of most U.S. denominations. Continue practicing skip-counting with your child until they can skip-count all coin values up to one dollar and 100 by 5s,10s, and 20s.

How to teach money concept to grade 1 lesson plan? ›

Next, I want to share the step by step process that I use for teaching money to first graders!
  1. Step 1: Identify coins and their values. ...
  2. Step 2: Practice counting like sets of coins. ...
  3. Step 3: Count Mixed Groups of Coins.
Mar 4, 2024

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

My point being: It's never too early to start teaching your kids about money, and this age is no exception.
  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.
Jan 9, 2024

How to improve money counting skills? ›

To sharpen your money-counting abilities, play educational games that challenge you to count coins and bills. These games can be found online or as apps, and they offer a fun way to improve your skills. One of the best ways to practice counting money is by using it in real-life situations.

How do you start a money lesson? ›

Lesson Summary

Begin by teaching them to skip count, and then move on to explaining all about money. Have students identify value, count, and practice before combining more than one type of coin. Finally, it will be time to put them all together.

How to teach money skills? ›

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.

What is the concept of money for grade 1? ›

Money is a mode of payment accepted by both sellers and buyers for goods and services. Money is what we give in return when we buy stuff like food, clothes, house, groceries, etc. We give money in return for purchasing anything. This is a simple trade or exchange.

How do you explain the concept of money? ›

Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as the repayment of loans. Money makes the world go 'round. Economies rely on money to facilitate transactions and to power financial growth.

What is money lesson for kids? ›

for school-age children

Understand how much money is needed to purchase an item and how to count change. Understand that money lost will not be replaced. Understand that things cost money. Understand that working or getting an allowance are ways to earn money.

How to teach kids money counting? ›

Start with the largest values first and gradually work your way down to the smallest values. How can I practice counting money? Practice skip-counting using the values of common coins and bills. Grab a handful of coins and bills and use skip-counting to determine their total value.

What are the 4 steps of money? ›

4 Steps to Financial Success
  • Step 1: Know Your Numbers. Comparing your income to monthly payments will help you budget for savings. ...
  • Step 2: Protect What's Yours. Insurance is the best defense against the unexpected. ...
  • Step 3: Fund Your Future. How do you see your retirement? ...
  • Step 4: Build Your Wealth.

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

It's always important to remember that kids develop at different rates, and you'll know best when to teach your child to count money. However, as a rough guideline, children can start learning to count money shortly after they start learning to count in general. This could be around age 4.

What do first graders need to know about money? ›

First grade students will also learn the higher amounts of money and how to use the combination of both monetary values. The teacher will begin with the review of the coins and then introduce the paper values of the dollar. The one dollar, five dollar, ten dollar, and twenty dollar bill will be shown.

What do kids need to have a strong sense of in order to count money? ›

Counting money requires understanding the base ten math system and strong skip counting skills. Activities with a hundred chart will help build these skills. The hundred chart can also be used to help teach counting money as well. Money should begin with a single denomination, ideally pennies.

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