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Money Lesson Plans - Basic Lesson Plans for Teaching about Money - Introductory Money Lesson Plans, Intermediate Lesson Plans

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In order to help the next generation of children become active and contributing members of the society, one of the important building blocks is teaching them about the basics of money. Therefore, both teachers and parents could benefit from having some basic money lesson plans put together to begin teaching children about money at an early age.

Introductory Money Lesson Plans

Along with simple addition and subtraction, the first thing that a child will have to learn about money is how to identify the coins and their values. While paper bills are easy enough to identify, children usually deal more with coins, and so it might be good to start by reviewing the value of each coin. Depending on the size of your class, large paper or cardboard models of each coin would probably be an effective teaching tool. If, however, you are just teaching your child at home, then using the coins themselves will probably be best.

To reinforce the lesson through a quiz or homework assignment, the students could match pictures of groups of coins to dollars and cents amounts, could list the value of each coin individually, or could identify the type of coin based on the value. This basic lesson plan would probably be appropriate for ages 6 to 8 or so.

Intermediate Lesson Plans

If you are teaching an older group of students, then a follow up lesson would be appropriate as well. Once you have taught the value of each coin and the students have a basic handle on it, you can practice counting money with them. Perhaps you could begin by doing a few group exercises that help the students see the basic of adding and removing different coins. If you would like to get them a little more hands on practice, then prepare a bag or envelope with a different combination of coins for each student. You can then go around the classroom and have each student count his or her coins. Building on this, you could then have each student exchange a coin with their neighbor, and then recount the total. When the students have a good grasp on the coins, then you can introduce paper bills into the exercise and repeat it again. Of course, the number of exercises of this type that you do will be limited by the size and time limits of your class.

To further reinforce the values of each coin, you could set up a store and price several items at different levels. Then the students could “pay” by writing down the types and numbers of bills and coins that they could use to purchase the item. You could also use grocery store or other advertisements for this exercise or give the students a homework assignment based on an advertisement they have at home. For example, they could put together a “grocery list” of 8 to 10 items and list both the bills and coins for each item and for the total purchase. This more intermediate lesson could be used for student between ages 8 and 10.

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