17 Fun Money Activities for Kids (2024)

FAQs

What is the money role play activity? ›

Money Role Play

Ask students to work in pairs. Together they should decide on a type of shop. One student becomes the shop keeper while the other is the shopper. Practice asking for items, adding up and giving change.

Have your child choose a coin and place it under his paper. Then have him rub over the spot where the coin is with a crayon. When he's done, have him do the other side of the coin. Repeat for the other coins in your currency, and if desired, help your child label the impressions.

That's where fun money comes in. 💸 Fun money is just what it sounds like — cash for things that make you and your family happy. Your fun money can go toward all sorts of things: a vacation, a night on the town, or buying clothes you don't need but really want.

Play money, toy money, faux paper money or formally ludic money is money that functions as a toy or a token in a game or when playing.

Play budgeting games

Say the beads represent income, then label jars or bowls as different expenses or outgoings. Keep it simple for younger kids 'rent', 'food', 'savings' and 'fun money'. Make them put the right amount into jars for needs, then savings. Then let them add the remainder into the fun money jar.

Use allowances to teach children how to handle wealth. Have them divide their allowance into three equal parts. One-third goes toward their own pleasure, one-third into savings and one-third to charity. This method helps them learn about other uses of money, beyond buying them things.

Students roll the die and find the matching coin. To make it more challenging they can also roll the die and name the coin before finding it or they can name the value and count how much they have at the end of x number of rolls. My last dice money activity is to have a large pile of coins and a die.

How to teach math with money? ›

If you are using actual coins, have students count as they touch the coin and drag it into a new pile. If you are using pictures of coins on a worksheet or practice page, have students write in the value of each coin on the picture. Then have them skip count starting with the biggest value.

When you use the Hairy money strategy to count a group of coins, the first step is drawing hairs. Draw hairs on all of the coins. Now we simply count all of the hairs by 5s and count on the bald spots by 1s. This will give us the total amount of all of the coins.

Let your children take turns hiding a coin and having the other children try to find it. The child who finds the coin gets to keep it if he says the Bible verse. Keep playing until all the children have found a coin.

Understanding monetary value - playing with physical money gives children a greater awareness of the value of money and how different costs are associated with items of different values. Understanding Scenarios – through role play children can also learn more about real life situations involving money.

It is used as a medium of exchange between individuals and entities. It's also a store of value and a unit of account that can measure the value of other goods. Prior to the invention of money, most economies relied on bartering, where individuals would trade the goods they had directly for those that they needed.

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or "backed" by a commodity.

Schooling resources that cost money, including smaller class sizes, additional supports, early childhood programs and more competitive teacher compensation (permitting schools and districts to recruit and retain a higher-quality teacher workforce), are positively associated with student outcomes.