Measurement: Money

Throughout these chapters, pupils connect their experiences with money in everyday life to mathematical work on place value and calculation.

Although pupils will have experienced different denominations of money, their knowledge of the names and values of coins and notes may initially be incomplete. Following a formal introduction, pupils will develop their understanding by linking it with their work on number and place value.  For example, they will use different coins and notes to help them count in 2s, 5s and 10s.

Over time, pupils will solve increasingly difficult problems in practical and real-life contexts. For example, they may hold a charity bake sale and practise finding the total cost and calculating change. They should also solve money-related problems as part of their work in other topic areas.

Money: Teaching for mastery booklet

Brought to you by Tes in partnership with experts at Mathematics Mastery and the White Rose Maths Hub, this PDF provides teachers with the progression of learning for the topic, broken down into digestible chapters.

It is an ideal starting point for primary teachers looking to brush up on their subject knowledge, or adopt the mastery approach to maths in their classroom.

Check out the Teaching for mastery site, which contains schemes of work accompanied by quality-assured classroom resources.

Download resources to match this topic in the planning and lesson resources pages of the new primary maths section.

By TES Resource Team

Teacher's guide: Teaching for mastery booklet

Brought to you by Tes in partnership with experts at Mathematics Mastery and the White Rose Maths Hub, this PDF provides teachers with the progression of learning for the topic, broken down into digestible chapters.

It is an ideal starting point for primary teachers looking to brush up on their subject knowledge, or adopt the mastery approach to maths in their classroom.

Check out the Teaching for mastery site, which contains schemes of work accompanied by quality-assured classroom resources.

Download resources for all primary maths topics in the planning and lesson resources pages of the new primary maths section.

By TES Resource Team

Chapter 1: Introduction to coins and notes

In this chapter, pupils recognise and know the value of different coins and notes.

Building on introductory work in the early years and through real-life experience, pupils recognise and know the value of coins and notes and use language such as “pounds” and “pence”. They know that 100 pence is equal to one pound and start to use coins to count in 1s, 2s, 5s, and 10s.

Chapter 2: Understanding pounds and pence

In this chapter, pupils recognise and start to use the symbols for pounds and pence.

Pupils recognise and use the symbol for pounds (£) and pence (p) and find a given amount of money by combining different coins and notes. At this stage, amounts involving pounds and pence should be separated without the use of the decimal point (ie, as £2 and 30 pence rather than £2.30).

Moving on from this, pupils find different combinations of coins that equal the same amount and understand that money can be made up in different ways. When challenged to work out how many ways there are of making a particular amount, pupils reinforce their work on place value and counting.

Pupils solve simple problems in practical contexts. These include those that involve the addition and subtraction of money of the same unit, as well as those that involve giving change. 

Chapter 3: Adding and subtracting money

In this chapter, pupils solve money problems involving addition and subtraction.

Pupils add and subtract amounts of money to give change, using the symbols for pounds and pence in a practical context. Knowing that 100p is equal to £1, pupils start to convert between pounds and pence. In doing so, they make connections between the different denominations and their previous work on place value. Pounds and pence are still separated without the use of the decimal point (ie, as £2 and 30 pence rather than £2.30).

In addition to finding total costs or calculating change, pupils pose their own problems involving money. They also start to tackle problems in other topic areas that are set in context of money.

Chapter 4: Solving problems involving money

In this chapter, pupils continue to solve problems involving money.

Linked to their everyday experiences of money, pupils are introduced to the use of the decimal point in separating pounds and pence. They connect this with their understanding of place value, as well as that of fractions. They understand, for example, that 10p is one tenth of a pound and 1p is one hundredth of a pound.

Pupils go on to use the formal notation to solve problems. They estimate and compare amounts, as well as solve problems involving all four rules. Pupils apply their knowledge to tackle money-related problems in other topic areas. For example, pupils may find a fraction of an amount of money.

Approved resources

Money and Budgeting

This is a unit of work a friend and I made up to help students learn about money and budgeting in a real life context. The students must pick a job, rent a flat, buy a car, pay tax and calculate monthly expenses. The pdf’s should preferably lamented for students. Students complete a poster and give a presentation at the end of the unit. We found it can be adapted for all levels. We found it took at least a week and the students loved it. Please give feedback as I would love to hear what you think and how it could be improved. I hope you and your students enjoy it as much as we did :-)

By chuckieirish

Related resources

Differentiated word problems involving money

Differentiated sheets of word problems involving money. Used in Year 4/5 class to help develop problem solving skills.
By Rose Mac