Counting Money
How many pennies in a dollar?
There are 100 pennies in a dollar.
If you pay with a dollar for something costing 75 cents, how much change do you get back?
$1.00 − $0.75 = $0.25 change
What do you call the money you put into your bank account?
deposit
You want to buy a toy or a book but only have enough money for one. If you buy the toy, what is the opportunity cost?
The book
How many nickels make 25 cents?
5 nickels make 25 cents.
You buy a toy for 45 cents and pay with a 50-cent coin. How much change will you receive?
$0.50 − $0.45 = $0.05 change
What is the word for the money you take out of your bank account?
withdrawal
Is food a need or a want?
If you have 3 quarters, 2 dimes, and 1 penny, how much money do you have?
Total = 75¢ + 20¢ + 1¢ = 96¢
If an item costs 60 cents and you give the cashier a 5 dollar bill, what is your change?
$5.00 − $0.60 = $4.40 change
What word means the amount of money you currently have in your bank account?
balance
If you earn $10 a week doing chores and want to save $30 for a gift, how many weeks will it take you to save enough money?
3 weeks
Count the total amount: 4 dimes, 3 nickels, and 2 pennies.
Total = 40¢ + 15¢ + 2¢ = 57¢
You buy candy costing 85 cents and pay with a 10 dollar bill. What will you get back as change?
$10.00 − $0.85 = $9.15 change
What do we call the money you earn from working or other sources?
income
You have $15 to spend on snacks for a party. If each snack costs $3, how many snacks can you buy without going over your budget?
5 snacks
You have 3 - 5 dollar bills, 2 quarters, 4 dimes, 3 nickels, and 7 pennies. How much money do you have in total?
Total = $15 + 50¢ + 40¢ + 15¢ + 7¢ = $15 + $1.12 = $16.12
You have a dollar and buy 3 items costing 30 cents, 25 cents, and 20 cents. How much change do you get?
Total cost = $0.30 + $0.25 + $0.20 = $0.75
Change = $1.00 − $0.75 = $0.25 change
What is a plan you make to decide how to spend and save your money?
budget
Your monthly allowance is $30. You want to save half and spend the other half. How much money will you save? How much can you spend?
Save = $15
Spend = $15