Money in the Bank

Why

Young bankers and storekeepers practice counting money and making change. They keep their money in this recycled-box bank.


Steps

1. In many countries, coins come in several different denominations. Each coin has a specific size and design that makes it distinct. Examine a U.S. penny, nickel, dime, quarter, and half-dollar closely (or similar coins in any currency). With Crayola® Colored Pencils, write and draw the pictures and words you see on each coin. Find out about the presidents or other images on the coins' faces.


2. Each coin represents a specific amount of money. Place a penny on the table. Next to the penny, place one Crayola Crayon. Place a nickel on the table, with five Crayola Crayons, and so on for each coin. Show that you know the relationship between one coin and another by trading five pennies (five crayons) for a nickel (five crayons) and making similar exchanges.


3. Trace your coins with Crayola Metallic FX Crayons, and write the correct denomination on the front and back of each coin (10 cents for a dime, 25 cents for a quarter). Make several coins of each denomination. Use Crayola Scissors to cut out each coin.


4. Decorate an envelope with Crayola Washable Markers to hold your coins. Use numerals, symbols, and pictures for money.


5. Find a recycled shoe box to make one or more class banks for your coin envelopes. Cover the box with construction paper. Cut paper decorations or draw symbols of money on the bank. Use a Crayola Glue Stick to attach the cover and its decorations. Label the box lid with the name of your bank.


6. Set up a pretend business, such as a store, restaurant, bank, or outdoor market in your classroom. Use your coins to pay for your purchases and make change.


Safety Guidelines

Adult supervision is required for any arts & crafts project. Observe children closely and intervene as necessary to prevent potential safety problems and ensure appropriate use of arts and crafts materials. Some craft items, particularly beads and buttons, are potential choking hazards for young children. Avoid use of such small parts with children younger than 3 years. Craft items such as scissors, push pins and chenille sticks may have sharp points or edges. Avoid use of materials with sharp points by children younger than 4 years. Read all manufacturers' safety warnings before using arts and craft supplies.

Scissors—ATTENTION: The cutting edges of scissors are sharp and care should be taken whenever cutting or handling. Blunt-tip scissors should be used only by children 4 years and older. Pointed-tip scissors should be used only by children 6 years and older.

Adaptations

  • Give students ample opportunities to work with real coins as well as replicas. Some students, including those with special needs, may benefit from using real coins repeatedly before working with symbolic ones.
  • With older students, make paper currency as well.
  • Children use their coins to practice addition and subtraction.
  • Examine real-life coins from several countries carefully, and discuss the images on the coins. What does a country's currency tell you about its history and culture?

Related Lesson Plans

Lesson Plans

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Supplies

crayola supplies
  • Crayons
  • Metallic FX Crayons
  • Colored Pencils
  • Markers
  • Glue Sticks
  • Pointed Tip Scissors
  • Construction Paper
household supplies
  • envelope
  • shoe box

Overview

grades

  • Grades 1 to 3
  • Special Needs

subjects

  • Math
  • Visual Arts

time

  • 30 to 60 minutes
  • Multiple Sessions

benefits

  • Children examine coins in their own (or any other) country's currency and recognize the names of each.

  • Children learn the value of each coin by counting money and matching it with the equivalent number of small objects.

  • Children recognize some of the uses of money and construct a bank for pretend play to practice making change.

Cirriculum

Research Canada Standards
Research UK Standards
Research U.S. Standards