�Grade 4�Financial Literacy �&�Math Lessons

“Voices from the Field”

Junior Achievement of Southern Alberta

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Financial Literacy Learning Outcomes

Students examine factors that influence spending.

• Knowledge
• Money is commonly exchanged in the form of currency, credit cards, debit cards, electronic transfer, prepaid cards.
• Currency includes coins and paper money.
• Credit cards enable individuals to borrow money from banks or financial institutions.
• Credit cards have a spending limit, must be repaid on time, have penalties if payment is not paid on time, are issued by a bank or financial institution.
• Debit cards enable individuals to access money from a personal bank account.
• Prepaid cards have a fixed amount of money that can be spent.
• Factors to consider when spending include budget, price comparison, quality / quantity, needs and wants.
• Managing personal finances involves understanding banking practices such as bank accounts, deposits, withdrawals, services fees, interest, e-transfers, online banking.
• Canada’s first bank was the Bank of Montreal founded in 1817.

Alberta’s K-6 Curriculum

Financial Literacy Learning Outcomes

Students examine factors that influence spending.

• Understanding
• Goods and services can be purchased in a variety of ways.
• Banking practices play a significant role in managing personal finances
• Skills and Procedures
• Identify a variety of situations that would use different forms of money.
• Consider a variety of factors when making decisions about spending money.
• Describe the purpose of various banking practices.
• Apply various banking practices in a variety of contexts.

Alberta’s K-6 Curriculum

Mathematics Learning Outcomes

Students apply place value to decimal numbers

• Knowledge
• Numbers, including decimal numbers, can be composed in various ways using place value.
• Understanding
• The separation between wholes and parts, including dollars and cents, can be represented using decimal notation.
• Skills and Procedures
• Express a monetary value in cents as a monetary value in dollars using decimal notation.

Students add and subtract within 10 000, including decimal numbers to hundredths.

• Skills and Procedures
• Solve problems using addition and subtraction including problems involving money.

Alberta’s K-6 Curriculum

TYPES of MONEY

• What are the different forms of money?
• Identify some ways you use the different forms of money?
• What are some factors that determine your spending habits?

Task 1 – Place value of money

• Numbers, including decimal numbers, can be composed in various ways using place value.
• The separation between wholes and parts, including dollars and cents, can be represented using decimal notation.
• Express a monetary value in cents as a monetary value in dollars using decimal notation.

Place Value Review

Money and Place Value $7.77

Money and Place Value $7.77

Money and Place Value

• Explain the meaning of each digit in $7.77.

Learn Alberta

Money and Place Value $7.77

Money and Place Value

Money and Place Value

Money and Place Value

Task 2 – Adding and Subtracting including decimals to hundredths

Students add and subtract within 10 000, including decimal numbers to hundredths.

• Skills and Procedures
• Solve problems using addition and subtraction including problems involving money.

Task 2 – Problem – Ch-ch-ch-change!

Canada has the following coins in circulation: nickel (5 cents), dime (10 cents), quarter (25 cents), Loonie ($1), and toonie ($2). Australia, on the other hand, has coins with value 5 cents, 10 cents, 20 cents, 50 cents, $1, and $2.

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a)Using the least number of coins in each case, determine how to obtain the amounts in the left-hand column of the table in each currency. Enter the required coins in the second two columns of the table, as shown for the examples 30 cents and 35 cents.

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b)For how many amounts did you use a different number of coins in Canadian currency than in Australian currency?

Waterloo POTWB - 19

Task 2 – Problem – Ch-ch-ch-change!

Waterloo POTWB - 19

Task 2 – Problem – Ch-ch-ch-change!

Waterloo POTWB - 19

Task 2 – Solution – Ch-ch-ch-change!

Solution- The combinations are shown in the following table for each currency. An asterisk(*) is in the Amount column for any amount where a different number of coins were used. The table reveals a different number of coins were used for 12 of the amounts.

Waterloo POTWB - 19

Resources

Base 10 Materials – Grades 3-6

15 of each coin (penny, dime, Loonie) and bill ($10, $100)

Money Bags – Grades 3-6

10 of each coin (penny, nickel, dime, quarter, Loonie, twoonie)

2 of each bill ($5, $10, $20, $50, $100)

Whiteboard Activity

• All students have your mini whiteboards and marker
• ???
• All show when the teacher says to.

Ten frames – What number is this?

Canadian Money App

• Go to Mathies App on your SmartBoard.

Canadian Coins and Bills

Canadian Bills

Free Printable Money

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