Money Lesson 2 for Preschooler

MoneyTalk for Kids

A child MUST master Lesson 1 before coming to this lesson.

I call our self-created Money Lesson 2 > Creative Lesson.

We showed Keatkeat a world of possibilities, by training his mind to see beyond what is before his eyes.

In lesson 1, the coins were grouped with the same denominations. In Lesson 2, it will be a combination of different denominations. Again, since this is just for illustration purposes, 5cents and 1cent are NOT used here.

cPrepare AT LEAST 1 piece of $1.00 coin, 5 pieces of 50 cents, 18 pieces of 20 cents and 39 pieces of 10 cents.

Step 1: Revise Lesson 1 (Important! Since its a build-up from it)

Step 2: I asked, “How many ways can you make 30 cents?”

Step 3: Keatkeat proceeds to form 2 combinations. Combi 1 – 3pieces of 10 cents and Combi 2 – 1piece of 20 cents and 1piece of 10 cents.

Step 4: “Very Good!” *Clap Clap Clap* (Always Remembering to Praise )

Step 5: “There are 3 combinations for 40cents. Can you show me?”

Step 6: Keatkeat proceeds to form 1 combination after next.

Step 7: At every correct combination, I would say “Good. You have __ combination(s) correct. ___ more to go.” (Its important to tell him how many combinations there are. In this way, he will know how far or near he is to the goal.)

Step 8: “Very Good!” *Clap Clap Clap* (when all the combinations are done.) Clear away ALL COINS and start with the next level.

Repeat step 5 – 8 till $1.00 is reached.

4 combinations for 50 cents
5 combinations for 60 cents
6 combinations for 70 cents
7 combinations for 80 cents
8 combinations for 90 cents
11 ways for 1 Dollar (including the $1 coin itself)


As the combination increases to 7 or 8, Keatkeat does have trouble figuring the last 1 to 2 combinations.

Since Mathematics is all logic. Whenever he has ‘mind-block’ I will give clues like, “Look at the combinations that has 20 cents and 10 cents. ‘This’ has 4 20 cents. ‘This’ has 3 20 cents. ‘This has 2 20 cents. Four, three, two….What’s next?”

“I Know! ONE !” yelled Keatkeat.

Lesson 2 was considered successful when I need not give him anymore clues and he could get all combinations for each level correctly on his own.

After Keatkeat had mastered this, we went on to Lesson 3 (which will be in the next post).

 

Money Lesson 2 for Preschooler

 

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Money Lesson 1 for Preschooler

MoneyTalk for Kids


My boys were introduced to money when they were really young. Keatkeat helped out in my stall a number of times when he was just 3 years old. The coin he loved most was $1.00. I was clearing my stuff at a ridiculous price of $1 then. So this coin was the denomination he saw most frequently.

Remember my post on training them to keep recordof their ‘income‘ and ‘expenses‘? Its been a year now and Yes, they are still doing it. Its never too young to learn such basic money management.

To prepare him for school next year. We created a series of money lessons for him. Here’s what I did for Lesson 1:

This will work ONLY if your child knows simple addition. And for my mathematician Keatkeat. Teaching him money calculation was a breeze.

Keatkeat was introduced to different denominations many years ago. Started with the smallest denomination > 5 cents (since 1cent is no longer in use).

Since this is just for illustration purposes, I am using 10 cents as the smallest denomination. You can choose to start with 1 cents or 5 cents.

Step 1: Prepare at least 10 pieces of 10 cent coins, 5 pieces of 20 cent coins, 2 pieces of 50 cent coins and 1 piece of 1 dollar coin for this 1st lesson.

Step 2: Place ONE 20 cent coin on a paper with a line drawn at the bottom.

1-20

Step 3: I asked, “How many 10 cent coins make 20 cents? Put the 10 cent coins ‘below’ that 20 cent coin.” (below the line)

Step 4: Keatkeat took 2pieces of 10 cent coins and put ‘below‘ the 20 cent coin as shown below:

2-20

Step 5: “Very Good!” (Praise Your Child! Never forget *wink*)

Step 6: I Removed the 10 cent coins.

Step 7: I placed another 20 cent coin ON TOP of the 20 cent coin on the table.

Step 8: “How much does 2 20 cent coins make?”

Step 9: “40 cents.”

Step 10: “How many 10 cent coins would make 40 cents? Put the number of 10 cent coins ‘below’ the 40 cents.”

Repeating Step 5-10 by adding ONE 20 cent each time until it reaches $1.00, i.e. 5 pieces of 20 cents.

Step 11: I asked Keatkeat to pick out the $1.00 coin from the bowl which contained many coins (I had prepared $10 worth of assorted coins).

Step 12: I told him to place the $1.00 coin next to the 20 cent coins as such:

eq

Next, add in the 50 cents.

Step 13: “How many 50 cent coins would make 1.00 dollar? Put the number of 50 cent coins between the 20cents and the $1.” (I shifted the $1.00 further away from the 20cents)

Linking everything:

Me: “10 10cents is EQUAL to?” (moving my finger from the 10cent coins to the 20cents)

Keatkeat: “5 20cents”

Me: “Which is also equal to?” (moving my finger from the 20cent coins to the 50cent coins)

Keatkeat: “2 50cents.”

Me: “Which is also equal to?” (moving my finger from the 50cent coins to the 1 dollar coin)

Keatkeat: “1 Dollar.”

After which I asked Keatkeat to say the equation on his own with me saying “which is equal to?” and the moving of my index finger from one group of coins to another.

Lesson 1 is considered to have completed when I could shut my mouth and ‘keep‘ my finger to myself, while Keatkeat recite the whole equation on his own.

Lesson 2 continues in the next post…


Copyright © 2007-2016 All About Your Child. The contents on this blog are the sole property of the author, Angeline Foong, and may not be used or reproduced in any manner without consent. All Rights Reserved. 10 Comments »