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Introduction to Money: Understanding Coins and Bills – Learn about coins and bills – Identify pennies, nickels, dimes, quarters, and dollar bills – Discuss money’s role in daily life – Money helps us buy things we need and want – Review money denominations – Understand the value of 1¢, 5¢, 10¢, 25¢, and $1 – Recognize money values – Practice matching coins and bills to their values | This slide introduces students to the basics of money, which is an essential part of everyday life. Start by showing real or play coins and bills to help students become familiar with what money looks like and how it is used. Discuss the importance of money in buying goods and services. Review the different denominations, focusing on coins like pennies, nickels, dimes, and quarters, as well as dollar bills. Use visual aids to help students recognize and remember the value of each type of money. Encourage students to think about times they have used money and to share their experiences. The goal is to ensure that students can identify and understand the value of different coins and bills by the end of the lesson.

Understanding Change in Money – What is change in money? – Money returned when you pay extra for something – Everyday examples of change – Getting change from a $10 bill for a $7 toy – Calculating change is essential – It helps you ensure you get the right amount back – Practice makes perfect | This slide introduces the concept of change in the context of money. It’s crucial for students to understand that change is the amount of money received back when they give more than the cost of an item. Provide everyday examples, such as buying a snack or a toy, to make the concept relatable. Emphasize the importance of knowing how to calculate change to avoid being shortchanged. Encourage students to practice with real-life scenarios or classroom activities where they can role-play buying and selling items to reinforce the concept.

Counting Change Correctly – Steps to count change accurately – Start from the item’s price – If an item costs $2 and you pay with $5, start at $2. – Count up to the amount given – Add coins and bills until you reach $5. – Practice with easy examples – Use examples like buying a $1 toy with $2. | This slide introduces students to the concept of counting change. Begin by explaining the steps to count change correctly, emphasizing the importance of accuracy. Show them how to start from the price of the item and count up to the amount of money they paid. Use simple, relatable examples to practice, such as buying a small toy or a piece of fruit, and demonstrate how to count up from the price to the amount paid. Encourage students to use physical coins and bills for hands-on practice. The goal is for students to feel comfortable making correct change in real-life situations.

Making Exact Payments – Pay with exact coins and bills – Use various combinations of coins and bills to make the exact amount. – Advantages of exact payment – It’s quicker and you don’t have to carry extra coins. – No change means less hassle – Keeping the wallet light without unnecessary coins. – Role-play activity in class – Pretend to buy items from classmates using exact money. | This slide introduces the concept of making exact payments. Teach students how to count money and use different combinations of coins and bills to reach an exact amount. Discuss the benefits, such as convenience and not having to deal with receiving and carrying change. For the class activity, set up a mock store where students can role-play purchasing items with exact change. Provide play money or real coins and bills for practice. Possible activities include buying school supplies, snacks, or books, with each student taking turns being the cashier or the customer. This hands-on experience reinforces the lesson and makes learning about money management fun and interactive.

Calculating the Correct Change – Subtract price from amount given – If an item costs $5 and you pay with $10, how much change do you get? – Use subtraction to find change – Remember to line up the numbers by place value and subtract. – Practice with varied examples – Try calculating change for items costing $2.50, $4.75, or $8.25 with different amounts given. – Understand real-life application | This slide is aimed at helping third-grade students understand how to calculate the correct amount of change using subtraction. Start by explaining the concept of ‘change’ as the money received back when the amount given to pay is more than the cost of the item. Emphasize the importance of lining up numbers by their place value when subtracting. Provide several examples with different price points and amounts given to ensure students can practice and apply their subtraction skills in a real-world context. Encourage students to think about times they have received change in a store and relate it to the lesson. This will help solidify their understanding of the concept.

Using Mental Math to Calculate Change – Tips for quick mental math – Round numbers, break down amounts, use addition – Practice with class examples – Use examples like buying a toy or a book – Discuss mental math benefits – Faster calculations, no need for calculators – Mental math strengthens skills | This slide aims to introduce students to the concept of using mental math to calculate change. Start by discussing tips such as rounding numbers to the nearest ten, breaking down amounts into smaller, more manageable sums, and using addition to ‘count up’ to the amount paid. Provide class examples such as calculating change from buying a toy or a book with a given amount. Emphasize the importance of mental math as a life skill that enables quicker calculations and reduces dependency on calculators. Encourage students to practice these skills regularly to improve their speed and accuracy. The final point should highlight that practicing mental math can help strengthen overall math skills, including problem-solving and critical thinking.

Class Activity: The Change Game – Pair up: cashier and customer roles – Use play money for transactions – Simulate purchases and giving change – How much change would you give for a $5 bill for a $3.50 purchase? – Present a transaction to the class | This interactive activity helps students understand the concept of making change in a real-world context. Divide the class into pairs, assigning one student the role of a cashier and the other as a customer. Provide each pair with play money to simulate a shopping experience. The cashier should practice calculating the correct amount of change to give back to the customer after a purchase. Each pair will then choose one transaction to demonstrate to the class, explaining how they calculated the change. For the teacher: Prepare different price points and amounts paid to ensure a variety of examples. Encourage students to use subtraction to find the correct change and to count up from the purchase amount to the amount paid to find the change. Have additional activities ready for early finishers, such as challenging them to find the change for different amounts or having them role-play more complex transactions.

Conclusion: Mastering Money – Calculating Change – Importance of calculating change Understanding change helps with smart buying and selling. – Review of lesson’s key points We learned how to subtract the price from the amount given. – Open floor for questions Now’s the time to ask any last questions you might have. – Confidence with money handling | As we wrap up today’s lesson, emphasize the real-world application of calculating the correct amount of change, such as in stores or at markets. Review the steps we’ve taken to determine change: identifying the cost of the item, the amount of money given, and subtracting to find the difference. Reiterate the importance of accuracy to avoid overpaying or underpaying. Encourage students to ask any lingering questions they might have to ensure they leave the class feeling confident. You can also suggest that they practice this skill in real-life scenarios, perhaps with their parents or guardians, to reinforce today’s lesson.