Counting Money: Lesson for Kids

Instructor: Sabrina Hairston

Sabrina has taught a variety of subjects and grades as a substitute teacher and will complete her MAT in 2016.

In this lesson, you will learn the values of four of the most commonly used American coins and how to add them together in order to count money. An example will also be given that will walk you through the process of counting mixed change.

The Importance of Knowing How to Count Money

Counting money allows us to see how much we have. Whether you are saving up for a new bike or just wanting to buy a candy bar, you will need to know how to count money in order to know if you have enough. There are a few things you should know before you start counting.

Coin Values

In America, we have four coins that are used the most. Those are the penny, the nickle, the dime, and the quarter. These four coins have unique values, they are not worth the same value. The penny is worth 1 cent. The nickle is worth 5 cents. The dime is worth 10 cents and the quarter is worth 25 cents.

Coins with names

Once you understand the value of each coin, you can then begin to count it.

How to Count

Counting money is very similar to counting numbers. In both circumstances, we use addition. The difference is what number we use to count by.

Pennies

As we said earlier, a penny is worth 1 cent. Therefore, when we count pennies we count by ones. One penny equals one cent; two pennies equal two cents, three pennies equal three cents, and so on. It takes one hundred pennies to make one dollar.

Nickles

When we count nickles, we count by fives because a nickle has a value of 5 cents. One nickle equals 5 cents, two nickles equal ten cents, three nickles equal 15 cents, and so on. It takes 20 nickles to make a dollar.

Dimes

Dimes have a value of 10 cents. So when counting dimes, you count by tens. One dime equals 10 cents, two dimes equal 20 cents, three dimes equal 30 cents, and so on. It takes 10 dimes to make a dollar.

Quarters

Quarters are a bit different. They are worth 25 cents. In order to count quarters we count by twenty-fives. One quarter equals 25 cents, two quarters equal 50 cents, and three quarters equal 75 cents. Four quarters make a dollar. It does not take nearly as many quarters to make a dollar as it does with the other coins. This is because the value of the quarter is much higher than the value of the other coins.

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