Why is it important: Around age 4, kids start learning that money can be used to exchange goods. They watch parents give money to buy products. This activity introduces them to concept of “names” and “values” of coins.
What to do:
Step 1: Think about what your kids like & enjoy the most! This could be:
- Story books
- Coloring books
- Puzzles etc.
Step 2: Now discuss with them how much each of these value in terms of coins. Starting with coins is important because
- Coins are tangible
- Coins are simple to understand
- Coins are fun!
Here are some ideas to start the discussion:
|Coin Name||Coin Value||How it looks||What its worth (ideas)|
|Penny||1 ¢||Three Grapes, Bed Time Stories Kindle eBooks, Wiggly the worm ebook, Glowing Microphone! , Stickers!, etc.
In all you can buy very few things with a penny. But if you combine 25 pennies - it makes a quarter.
|Nickel||5 ¢||1 gummy bear!, A few Lollipops etc.
15 Grapes, In all you can buy very few things with a nickel. But if you combine 5 nickels - it makes a quarter. If you collect 20 of them - it makes a dollar!
|Dime||10 ¢||30 Grapes, Garden Ornaments|
|Quarter||25 ¢||65 Grapes, 2 Strawberries Miniature Action Figures, Candies etc.|
|Dollar||$1||Mobile apps and games. For example: Miss Fingy Add With Bubbles on Amazon Store|
Step 3: Now tell them how the coins are inter-related to each other. For example in USA currency terms:
|Coin Names||Pennies (1 cents)||Nickels (5 Cents)||Dimes (10 Cents)||Quarters (25 cents)||Dollars ($1)|
|1 Nickel||5 Pennies||1 Nickel||_||_||_|
|1 Dimes||10 Pennies||2 Nickels||1 Dime||_||_|
|1 Quarters||25 Pennies||5 Nickels||2 Dimes & 1 Nickel|
1 Dime & 3 Nickels
|1 Dollars||100 Pennies||20 Nickels||10 Dimes||4 Quarters||1 Dollar|
What kids will learn: Understanding that different coins have values and they can be exchanged for certain items.
How do you teach your kids about coins and their values? Please let us know what you thought about this activity by posting comments!