As we get into money in third grade some truths become self evident......
Many students have little to no exposure to counting, touching, and understanding money. This comes as little surprise when we see how we have become a debit card and credit card society. What we all used to do when we were children has vastly changed for the real world expreriences of our own children.
If you have a change jar at home like many of us do then please have your children sort coins, identify them, and then count them. Also have them put them into equivalent sets. For example:
25 pennies in one pile and that is the same as 1 quarter and also 2 dimes and 1 nickel and then 5 nickels. This is really something simple and yet for some of my students at this time seems overwhelming to them. Have them figure out various ways to make a dollar using change and bills.
If you have money and go to a restaurant or buy fast food allow your child to pay and then count change. Counting change is very difficult for many third grade students.
In class we give senerios such as: You have $5.00 and want to buy a toy that costs $4.50. How much change will you get back? Some students can answer this very easily and others look at me blankly with no idea of what to do.
Money and understanding the value of money is a life skill that each child needs to be exposed to, they need to think about it, use it, touch it, and give some critical thinking to this skill. I was surprised today to see what gave some students so much trouble.
Also in our guided lesson we talked about how to write money using a decimal point to separate the dollars from the change. Even after the guided lesson, doing one example from their paper with them, some students had no idea where to put the decimal point. I think that some of this is a listening and reading problem or actually a bit of academic laziness since one example had been done for them, and other examples were on the board. We will be covering this again in this week and hitting on it again in the weeks to come. Whether laziness or confusion we will address this again and again as I see this confusion on paper.
The best way for your child to become comfortable with and truly gain an understanding of money is to work with money in "real world" type situations. These can be real life ones or senerios that you make up that simulate real life money experiences.
If you have money at a store let them pay for something and then figure out how much change they will get back or count the money that they receive back. Show them how to use addition and subtraction to work with money problems. Use First in Math and Study Island and let them work on the sections that deal with money. There are so many easy ways to expose a child to this needed conceptual skill.
Begin working with your child with change and you will quickly see what they do and do not know and find out where their learning gaps are if they have any.
One thing that is harder for kids today than in the old days when I was a kid is that money has changed in looks so very much. They have played around with the pictures and symbols on them. We have the dollar bill and then they came up with the Susan B Anthony coin. In the old days most pennies, nickels, and dimes all looked exactly alike. Now there are slight variations on them. This can be very confusing as your child begins to work with money.
The first time we came home on furlough from Burkina Faso, West Africa our oldest son was in fifth grade. He had virtualy no contact with American money but was used to our African Francs instead.
We went to McDonald's and had purchased some items. He wanted some extra french fries so we sent him to the counter with a handful of change by himself, never thinking about how he might not be comfortable with money. He came back shaking his head. He said, "The lady at the counter helped me but I am confused. Why is this small coin worth 10 cents and this larger one only worth 5 cents? That does not make sense. The bigger one should be worth more don't you think?" This was our Aha moment about how we needed to help him adjust to the money in America.
Work with your child and money and let me know if you find any AHA moments of your own!
