Addition with Money: Making Change (451)

Lesson Plan

Adding Money and Making Purchases

Standards

Printable Aids

Teaching Notes

This collection helps learners practice adding currency amounts and calculating change. Emphasize aligning decimal points when adding and subtracting money.

Vocabulary

Total Cost: The combined price of all items.

Change: Money returned after paying more than the cost.

Common Mistakes

• Not aligning decimal points during addition or subtraction.
• Forgetting to include the dollar sign ($) or cents (¢) symbol.
• Errors in regrouping when subtracting from larger money amounts.

Differentiation

Discussion Questions

• Why is it important to know how to calculate total costs and make change?
• What strategies help you add or subtract money amounts accurately?
• How can you check if the change you received is correct?
• When do we use addition and subtraction with money in daily life?

Extension Activities

• Role-play store.
• Calculate change for different amounts.
• Use play money.

Parent Tip

Give your child money and have them buy a small item, then count the change.

Skill Cluster

Financial Literacy & Decimal Operations

Grade Level

2-4

Skills Practiced

Prerequisites

• Counting Money
• Decimal Notation
• Adding Decimals to Hundredths
• Subtracting Decimals to Hundredths
• Identifying Coin and Bill Values

Next Steps

• Subtraction with Money
• Budgeting Basics
• Multi-Step Money Word Problems
• Multiplying Money Amounts
• Money Addition: Shopping Spree
• Subtracting Money: Calculating Change
• Money Word Problems: Set B