Counting Money
If you have 3 quarters, how much money do you have?
(Answer: 75 cents or 0.75)
Is water a need or a want?
(Answer: Need)
You buy a snack for $2 and pay with a $5 bill. How much change do you get back?
(Answer: 5 - 2 = 3 dollars)
What do we call something that we buy to help us or make our life easier, like a haircut or a car wash?
(Answer: Service)
You have 2 dimes and 4 nickels. What is the total amount of money?
(Answer: 2 \times 10 + 4 \times 5 = 20 + 20 = 40 cents)
Is ice cream for dessert a need or a want?
(Answer: Food is a need; ice cream is a want)
If an ice cream costs $1.50 and you give the cashier $2, how much change should you receive?
(Answer: 2.00 - 1.50 = 0.50 or 50 cents)
What is a “need”?
(Answer: Something you must have to live, like food or water)
How many pennies make one dollar?
(Answer: 100 pennies)
Is a backpack for school a need or a want?
(Answer: Need)
You buy a toy for $4.75 and pay with a $10 bill. How much change will you get?
(Answer: 10 - 4.75 = 5.25 dollars)
What do we call the different values of coins and bills, like a penny or a quarter?
(Answer: Denominations)
You have one $1 bill, two quarters, and three pennies. How much money do you have in total?
(Answer: 1.00 + 0.50 + 0.03 = 1.53 dollars)
You want a new video game, but you need new shoes because your old ones are worn out. What should you buy first?
(Answer: New shoes, because they are a need)
A book costs $3.20. You give the cashier $5. How much change do you get?
(Answer: 5 - 3.20 = 1.80 dollars)
What is a “good”?
(Answer: A thing you can buy or touch, like a toy or a book)
You want to buy a toy that costs $3.25. You have 3 $1 bills, 1 quarter, and 2 dimes. Do you have enough money?
(Answer: Yes, total is 3.00 + 0.25 + 0.20 = 3.45 dollars)
Explain why clothes are a need but toys are usually a want.
(Answer: Clothes protect us and are necessary; toys are for fun and not essential)
You buy a sandwich for $6.40 and pay with a $10 bill. You get $3.60 in change. Is this correct?
(Answer: Yes, because 10 - 6.40 = 3.60)
What is a “want”?
(Answer: Something you would like to have but don’t need to live, like candy or a video game)