8 – 9

The value of money

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The value of money

What to do with this activity?

Children get a sense of the value of money when they are given a little responsibility to spend money. It's a good idea to give them a small amount of pocket money each week. They can learn to save up for an item they really want. Buying something you've saved up for is satisfying, and they can feel proud of themselves. 

Give your child the experience of paying for items, for example in the local shop, or let your child pay the bus fare. This will help them to recognise the different coins, and they'll learn to add them up to the right amount.

Have a look at Ulster Bank's Money Sense website - it has suggested activities and online games for kids of primary school age with the aim of helping them make sense of money. 

 

  • Why am I doing this?

    Everyday activities, like shopping and taking journeys provide a great opportunity for your child to practise maths skills by recognising patterns, counting out amounts, working out the best value, weighing and understanding money or understanding timetables and estimating your time of arrival!

  • How can I do more?

    Estimating is a very useful maths skill for everyday life – helping you decide if you have enough money to pay for a number of items or enough paint to paint a room. Encourage your child to estimate, for example, how many potatoes you will need for dinner or how much money to buy the shopping.
     

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