Money Prodigy

16 Money Word Problems with Solutions and Answers (By Grade)

By: Author Amanda L. Grossman

Posted on Last updated: January 9, 2024

Develop students’ money life skills plus work on math concepts with real-life money word problems with solutions and answers.

Bell ringers, math centers, classroom money pickles, daily warm-ups…you can sneak these money word problems with solutions and answers into your student’s day in lots of different ways.

group of high school students with teacher around table working, text overlay

Or, make them the highlight of your 30-minute personal finance session – use whatever time you’ve got.  

The exciting thing about using money word problems and consumer math worksheets is you’re giving your students the chance to practice both math AND money life skills they’ll be able to use out in the wilds of the “real world” (like in the produce section of the super market).

Awesome! Let’s dig in.

Money Word Problems with Solutions and Answers

Money word problems can begin as early as 2 nd grade with simple addition and subtraction.

And they get increasingly more complex – two steps, then multiple steps, and more complex thinking – as students go through middle school and then high school.

We’ll start with the easier money word problems, and move into more complex ones, by grade.

Psst: do your students need a refresher on counting money or identifying coins? Here are free 2 nd grade money worksheets , 14 money counting games , and a bunch of free consumer math worksheets .

Money Word Problems Grade 3

While there’s no mention of money for Grade 3 Common Core Standards , you can relate several of the math standards to money word problems.

Teaching students math AND money life skills at the same time? #winning.

For example:

  • Number and Operations in Base Ten (CCSS.MATH.CONTENT.3.NBT.A.2) : Fluently add and subtract within 1000 using strategies and algorithms based on place value, properties of operations, and/or the relationship between addition and subtraction.
  • Operations and Algebraic Thinking (CCSS.MATH.CONTENT.3.OA.D.8) : Solve two-step word problems using the four operations. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.

Here are some worksheets with money word problems to help your students practice these concepts.

1. Money Task Cards + Scavenger Hunt

This free set of money task cards each has mostly one-step money word problems on them.

You can cut them out, and do a scavenger hunt around the room to get students up and moving. OR, she has lots of other ideas for how to use them. There’s also a worksheet asking students to come up with their own money word problem using specific amounts.

Very helpful!

2. Money Shopping Word Problems

Scroll down on this page, and you’ll find a nice collection of shopping money word problem worksheets for free.

Students will work through:

  • Adding up the cost of ordered items from a menu
  • Calculating their change after an order
  • Calculating sales tax

They’ve also got some good free worksheets on Wage word problems, simple and compound interest calculation word problems, etc.

Hint: there’s worksheets in here for older grades, too.

Two-Step Money Word Problems for 3 rd Graders

You likely saw above that third graders are supposed to be doing two-step word problems.

Two-step money word problems require two calculations to complete them. They’re not entirely straightforward – your students will need to think things through a bit more before they can come up with the correct answer.

3. Money Within $100 Word Problems

Get your set of 5 free, two-step money word problems within $100. Each word problem has space to draw and work through the problem.

4. Simple Two-Step Money Word Problems

Here’s a three-page set of two-step money word problems that have students add up the total amount of spending, then figure out how much change they should get back.

There are spaces for students to work out each of the two steps.

Hint: this is a free set of money word problems, but you’ll need a free Teachers Pay Teachers account to access it.

5. August Problem Solving Path Worksheets

I just love the real-world approach this packet of word problems takes.

She includes a math journal for each problem (there is one money word problem, and the rest are word problems involving other common core standards for 3 rd graders), and a rubric on the math journal sheet so that you can easily grade based on your student’s work.

There’s both a US and a UK version.

6. Two Simple Two-Step Money Word Problems

And here’s another set of two-step money word problems for 2 nd -4 th graders. Again, kids are asked to add up the total cost of items purchased, then calculate how much change they would get back.

7. Can I Buy It? Word Problems

If you’re looking for an easier set of two-step word problems for your bunch of students, then you should check these out.

8. Mix of One-Step and Two-Step Money Word Problems

Here’s a simple worksheet that has a mix of both two-step and one-step money word problems for 3 rd graders. The theme is around ordering food items.

Money Word Problems with Solutions and Answers Grade 5

There are no Common Core State Standards for Mathematics (CCSSM) specifically for money math at the 5th grade level.

However, you can relate the math concepts in the CCSSM to real-life money scenarios with these money word problems.

  • Number and Operations in Base Ten (CCSS.MATH.CONTENT.5.NBT.B.5 – B.7) : Students should be able to perform operations with multi-digit whole numbers and decimals to the hundredths (which is an essential skill when working with money).
  • Operations and Algebraic Thinking (CCSS.MATH.CONTENT.5.OA.A.2) : Students should be able to understand and write expressions and equations and solve real-world and mathematical problems using addition, subtraction, multiplication, and division.

1. Bertie’s Big Win

Students are tasked with figuring out how much money Bertie won through the lottery, based on the fractional amounts he spent on various things (like a house, a trip to space, a luxury yacht, etc.).

Answer sheet is included, which is good – because this is a tough one!

Hint: they say on the website that the 4 th grade versions of his money word problems are a bit easier than the 5 th grade ones, so you might want to try those if this seems too hard for your class.

2. YMI’s Healthy Meal, Healthy Budget Worksheets

Grab your free teaching kit (for grades 3-5, then 6-8) that pairs healthy eating lessons with 5 money math word problems you’d find in the real world.

For example, the first word problem asks students to plan a meal for two people using chicken tenders as the base. They’re given the serving size for each person, then two different options to buy and asked to calculate which is the best money (by calculating the per-unit cost and then comparing that with what they get). 

Answers and explanations are provided.

3. Mixed Practice Money Word Problems

Students are given three paragraphs describing a real-life scenario that is going to cost money. Then, students are asked a series of questions below it, and will need to use multiple kinds of calculations to solve them (subtraction, addition, multiplication, etc.).

4. Value Your Power Word Problems

Here’s a set of money math worksheets tied to electricity use in the household.

In the first activity, students are asked to decipher an electricity bill. They’ll chart the kilowatts used each month of the year, and then work through a series of questions based on that information (such as calculating an average monthly cost).

There’s also a Value Your Power Scoreboard worksheet students can take home as a family challenge.

Hint: it says it’s for 4 th grade – but I suspect these would be great for some 5 th grade students anyway.

5. Thanksgiving Dinner PBL

This project for grades 3-5 starts with the following driving question:

“ I need to feed my family of six for Thanksgiving. For my meal I need an appetizer, main dish, two side dishes, a dessert, and a drink (at least). I have $175 to spend on all the ingredients and any decorations I may want. What should I make?”

Students are tasked with creating a meal plan, recipes, and a grocery list with prices.

Hint: you’ll need a free account on ShareMyLesson.com to download this free lesson plan and rubric.

Advanced Money Word Problems for Older Students

Got a group of high schoolers, or advanced middle schoolers to find money word problems for? These multi-step money word problems and money-thinkers might be just the thing.

Money Word Problem #1: Ad Sale Decode

Money Lesson : Ads aren't always truthful, or as good of a deal as they first seem.

Norgay Sherpa, a mighty Everest climber who has personally climbed to the top of Everest three times (called summitting), saw a television commercial for a pair of Black Diamond Trail Pro Shock Trekking Poles. They have non-slip grips + are collapsible (something that would be very helpful on future climbs).

He wants to purchase them, but is confused about how much his total cost will be. Here are the details for a pair of trekking poles:

  • Two easy payments of $127.05
  • $9.95 Shipping & Handling
  • Get one extra pair free (an incredible deal!), just pay Shipping & Handling (S&H)

What is Sherpa Norgay's total cost going to be?

Answer : $274. How you get there is adding the two “easy payments” of $127.05 + $127.05 + $9.95 S&H + $9.95 S&H (for the second “free” pair).

Money Word Problem #2: Car Insurance Snafu

Money Lesson : How auto insurance works.

One of your expedition partners, Sandy, is facing a money dilemma. She called her husband over Base Camp's satellite phone and found out he was in a car accident. Don't worry, he's okay! But their family car looks like it was in an Avalanche.

Here are the details:

  • The accident was her husband's fault, meaning he hit the other car.
  • Her family has a liability auto insurance policy that insures both of their vehicles.
  • They pay a monthly premium of $96/month.
  • They took the vehicle to a repair shop, and the quote to repair their car is $875.
  • They have an auto insurance deductible of $500.

How much is this car repair going to cost Sandy and her family out of their own pocket?

Answer : $875. They don't have comprehensive car insurance, and Liability Only insurance means costs to repair the other person's car will be paid, but not their own car. So, they're left to pay the full $875.

Money Word Problem #3: Foreign Currency Mix Up

Money Lesson : How to figure out the value of a US Dollar against one of the other 168 currencies in the world.

Mingma Sherpa has been an outstanding partner for your expedition team. He's done all of his duties to help you on Everest − such as setting up your tents and cooking some of your meals − and was paid 360,908.33 Nepalese Rupees for doing so.

It is common courtesy to tip your Sherpa, especially when they've done a great job. If you were to tip Mingma 51,593.24 Nepalese Rupees, how many US Dollars would that be?

Assume that 1 US dollar = 103.186 Nepalese Rupees.

Answer : $500 US Dollars. That's 51,593.24/103.186.

I hope you've found some helpful money word problems with solutions and answers. I think these can open up some fun and helpful discussions with and between students that will help them manage their money as adults.

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Free Printable Money Word Problems Worksheets for 3rd Grade

Money Word Problems: Discover a collection of free printable worksheets for Grade 3 math teachers, focusing on real-life scenarios involving money. Enhance your students' problem-solving skills and understanding of financial concepts.

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Explore printable Money Word Problems worksheets for 3rd Grade

Money Word Problems worksheets for Grade 3 are an excellent resource for teachers looking to help their students develop a strong foundation in math. These worksheets provide a variety of engaging and challenging math word problems that focus on money-related scenarios, such as calculating change, comparing prices, and determining the total cost of items. By incorporating these worksheets into their lesson plans, teachers can ensure that their Grade 3 students are not only improving their math skills but also learning valuable real-life applications. With a wide range of problems to choose from, these Money Word Problems worksheets for Grade 3 are a must-have tool for any teacher looking to enhance their students' understanding of math concepts.

Quizizz, a popular online platform for creating and sharing interactive quizzes, offers a variety of resources for teachers, including Money Word Problems worksheets for Grade 3. By utilizing Quizizz, teachers can easily incorporate these worksheets into their lessons, allowing students to practice their math skills in a fun and engaging way. In addition to the worksheets, Quizizz also offers a vast library of other educational content, such as quizzes, flashcards, and presentations, covering a wide range of subjects and grade levels. This makes it an invaluable resource for teachers looking to diversify their teaching methods and provide their Grade 3 students with a well-rounded education. With Quizizz, teachers can rest assured that they are providing their students with the best possible tools to succeed in their math education.

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  • Question: Can you explain the concept of money word problems? Answer: Money word problems involve using math skills to solve problems related to money, such as adding, subtracting, and comparing amounts of money in different scenarios.
  • Question: How can we subtract money up to $100? Answer: Subtracting money up to $100 involves finding the difference between two amounts of money, making sure to keep track of the decimals and place values.
  • Question: What is the purpose of comparing and counting money? Answer: Comparing and counting money helps us understand the value of different coins and bills, and how to determine which amount is greater or smaller in various situations.
  • Question: How do 2-step money word problems work? Answer: 2-step money word problems require solving two different math steps to find the solution, usually involving multiple operations like addition, subtraction, multiplication, or division with money amounts.
  • Question: What is the significance of recognizing the value of money? Answer: Recognizing the value of money helps us understand how much different coins and bills are worth, allowing us to make accurate calculations and decisions when dealing with money.
  • Q: What is the main topic of the worksheets in the Money category? A: The main topic of the worksheets in the Money category is Money.
  • Q: What type of math problems are included in the Money worksheets? A: The Money worksheets include word problems, subtraction, addition, multiplication, division, and money conversion problems.
  • Q: What skills do students practice with the Money worksheets? A: Students practice counting money, comparing values, solving word problems, and managing finances with the Money worksheets.
  • Q: How are the Money worksheets categorized? A: The Money worksheets are categorized based on different money-related topics such as counting, comparing, converting, and solving problems.
  • Q: Are there any specific grade levels targeted by the Money worksheets? A: The Money worksheets are designed for students in 3rd grade, but can also be used for students in grades 4-5.
  • Q: What types of activities can students expect to find in the Money worksheets? A: Students can expect to find activities such as word problems, multiple choice questions, and hands-on activities related to money in the worksheets.
  • Q: How can teachers use the Money worksheets to enhance student learning? A: Teachers can use the Money worksheets to reinforce math skills, improve problem-solving abilities, and teach students the importance of financial literacy.
  • Q: Are there any specific objectives that teachers can target with the Money worksheets? A: Teachers can target objectives such as understanding the value of money, practicing math operations with money, and applying math skills to real-life situations with the Money worksheets.
  • Q: How can students benefit from completing the Money worksheets? A: Students can benefit from completing the Money worksheets by improving their math skills, gaining confidence in working with money, and developing a better understanding of financial concepts.
  • Q: Where can teachers find the Money worksheets mentioned in this Q&A? A: Teachers can find the Money worksheets mentioned in this Q&A on the Money category page of the educational website.

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Counting, adding & subtracting money worksheets for 3rd Grade

Are your 3 rd Grade students excited about money and the things they will buy with it? Certainly yes! But the question is, can they count money? Maybe no! Hence, as a teacher or parent, you will teach your children how to count money and become money masters . You can do this using our counting, adding & subtracting money worksheets for 3rd Grade .

These worksheets are taken from Mathskills4kids.com , the best website for mastering tips and the most appropriate way of counting, adding, and subtracting money with confidence and ease .

This article will also share some awesome strategies for identifying and comparing different coins and bills . We now encourage you to get your 3 rd graders with these money worksheets and develop their money skills while having fun at the same time.

Let's dive in!

Why learning about money is important for 3rd Graders

As a 3 rd grader, learning about money is important for many reasons. First, we can agree that money is everywhere and frequently used daily. We use it to buy things, save for the future, donate to causes we care about, and more.

Learning about money is a practical skill and a valuable life lesson. Hence, by using these Mathskills4kids free counting, adding & subtracting money worksheets to teach your 3rd grader about money, you are helping them to:

  • Understand the value of different coins and bills
  • Develop their math skills such as addition, subtraction, place value, regrouping, and borrowing
  • Improve their problem-solving and critical-thinking skills
  • Learn how to make smart financial decisions
  • Gain confidence and independence

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Download free worksheets, 3rd grade math topics.

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Counting, adding & subtracting money worksheets for 3rd Grade - Count coins and bills up to $5 bill

Start practice on Third Grade here

Counting money: how to identify and compare different coins and bills.

One of the first steps to becoming a money master is learning how to count money . Counting money involves identifying and comparing different coins and bills , such as pennies, nickels, dimes, quarters, half-dollars, dollars, fives, tens, twenties , etc.

To effectively count money, your 3rd grader needs to know the following:

  • The name and value of each coin and bill
  • How to group coins and bills by their value
  • How to write money amounts using the dollar sign ($) and the decimal point (.)
  • How to compare money amounts using symbols such as <, >, =

These worksheets will give your child various combinations and amounts of coins and bills , increasing in difficulty. They will also challenge your child to solve word problems involving counting money .

Adding money: How to use place value and regrouping to add money amounts

Another essential skill for your 3rd grader to learn is adding money . Adding money involves adding the values of different coins and bills to find the total amount. To add money, your 3rd grader needs to know the following:

  • How to align the decimal points when adding two or more money amounts
  • How to use place value to add each column of digits from right to left
  • How to regroup or carry over when the sum of a column is more than 10

These worksheets will give your child various examples of adding money amounts with and without regrouping . They will also challenge your child to solve word problems involving adding money .

Subtracting money: How to use borrowing and subtracting across zeros to subtract money amounts

The next skill for your 3rd grader to learn is subtracting money . Subtracting money involves finding the difference between two money amounts . To subtract money, your 3rd grader needs to know the following:

  • How to align the decimal points when subtracting two money amounts
  • How to use place value to subtract each column of digits from right to left
  • How to borrow or regroup when the minuend (the number being subtracted from) is smaller than the subtrahend (the number being subtracted)
  • How to subtract across zeros when there are one or more zeros in the minuend

These worksheets will give your child various examples of subtracting money amounts with and without borrowing . They will also challenge your child to solve word problems involving subtracting money.

MathSkills4Kids practice worksheets: Fun and engaging counting, adding & subtracting money exercises to reinforce money skills

Now that you have learned the basics of counting, adding, and subtracting money, it's time to put your skills to the test with some fun and engaging practice worksheets from MathSkills4Kids . These worksheets help you review and apply what you have learned in various contexts and scenarios involving money. You will find exercises that challenge you to:

  • Count coins and bills up to $5 bill word problems . For example, how many quarters are in $1.25? How many dimes and nickels are in $0.45? How much money do you have if you have two $1 bills, three quarters, and four pennies?
  • Purchases up to $10: do you have enough money ? For example, if you want to buy a book that costs $6.75 and a pencil that costs $0.50, do you have enough money if you have a $10 bill? How much change will you get back?
  • Correct amount of change . For example, yesterday, Elvis paid $2.40 to buy a jar of beans costing $1.09. He received one $1 bill and 31 cents as change. Did he receive the correct amount as change? If not, how much more or less did he receive?
  • Making change . For example, Rita bought a pair of shoes for $19.35. She handed the cashier a twenty–dollar bill. What coins or bills did she most likely receive as change? How would you make change for $20 using the least number of coins and bills possible?
  • Inequalities with money amounts . For example, which is more: $3.50 or $3.05? Which is less: $4.25 or $4.75? How do you write an inequality symbol (<, >, =) between two money amounts?
  • How to put money amounts in order . For example, how do you arrange these amounts from least to greatest: $2.15, $1.75, $2.05, $1.95? How do you arrange them from greatest to least?
  • Adding and subtracting money . For example, how do you add $2.35 and $1.65? How do you subtract $3.50 from $5? How do you regroup or borrow when adding or subtracting money amounts that have different numbers of digits?
  • Add money word problems . For example, how much money do you have in total if you earn $10 for mowing the lawn and $5 for washing the dishes? How much money do you spend if you buy a sandwich for $3.25 and juice for $1.50?

As earlier said, you can find these counting, adding & subtracting money worksheets for 3 rd graders and more on the MathSkills4Kids website, where you can print them out or complete them online. You can also check your answers with the answer keys provided.

How to review and apply what you learned from the worksheets

After completing the worksheets, reviewing what you learned and applying it to real-life situations involving money is important. Here are some tips on how to do that:

  • Review your answers and check for any mistakes or errors . If you find any, try correcting them and understanding where you went wrong.
  • Review the concepts and skills that you learned from the worksheets . For example, review how to identify and compare different coins and bills , use place value and regrouping to add or subtract money amounts, use borrowing and subtracting across zeros to subtract money amounts , etc.
  • Apply what you learned to real-life situations involving money . For example, practice counting the money in your piggy bank or wallet, practice making purchases and getting change at a store or online, practice budgeting your allowance or savings for something you want to buy, etc.
  • Challenge yourself with more advanced problems or questions involving money . For example, try to solve problems involving decimals or fractions of a dollar, convert between different currencies or units of measurement, estimate or round money amounts , etc.

Bonus: Find more resources to reinforce money learning skills in second grade here!

If you're looking for more ways to help your child to reinforce their money math skill, you're in luck! We've compiled a list of some of the best resources offering counting, adding & subtracting money worksheets for 3rd Grade math practice.

These resources include:

  • k5learning : This website include fun money worksheets from recognizing coins to counting coins and shopping problems. https://www.k5learning.com/free-math-worksheets/third-grade-3/counting-money .
  • Math Salamanders : On this website, you will find a wide range of free printable Money Challenges, which will help your child learn to solve problems and develop their thinking skills while applying their money skills at the same time. https://www.math-salamanders.com/money-worksheets-3rd-grade.html .
  • com : This website has a lot of money worksheets, printables, fun games, and educational materials to help students better understand change, financial denominations, addition, and subtraction money. https://www.education.com/worksheets/third-grade/money-math/ .

Thank you for sharing the links of MathSkills4Kids.com with your loved ones. Your choice is greatly appreciated.

Conclusion: Keep Practicing and Have Fun

Learning about money is an important skill for 3rd graders because it helps them understand the value of things, develop their math skills and prepare them for the real world.

By using the MathSkills4Kids practice worksheets , you can reinforce your money skills in a fun and engaging way . You can also review and apply what you learned to real-life situations involving money.

Always check your work and challenge yourself with more advanced problems or money-related questions.

Thank you for reading, and happy learning!

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3rd Grade Money Worksheets

3rd Grade Money worksheets are a great resource for students to understand concepts like counting coins, comparing notes, addition and subtraction of money, and ordering money. These concepts are not only used in math but also in real life.

Benefits of Third Grade Money Worksheets

The benefits of 3rd grade money worksheets are that students learn how to compare coins and bills, round money to the nearest dollar, color coins to show the currency, and add and subtract money. These concepts are the most essential in day-to-day life and grade 3 money worksheets help in building a foundation at a young age so that it is simple for the students as they grow. These 3rd grade math worksheets work great when it comes to boosting the problem-solving and reasoning skills of a student.

Printable PDFs for Grade 3 Money Worksheets

It is very important for students to practice problems in order to deal with money in the future. Hence students can download the PDF format of Third grade money worksheets for free to understand the concept better.

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Grade 3 Money Problem Solving Pdf

Grade 3 Money Problem Solving Pdf - Displaying top 8 worksheets found for this concept.

Some of the worksheets for this concept are Math mammoth grade 3 a south african version samples, Counting money, Money word problems, Solving proportion word problems, Math mammoth grade 3 a, Grade 3 mixed math problems and word problems work, Number talks grades 3 5 resources, Money word problem work.

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1. Math Mammoth Grade 3-A South African Version Samples

2. counting money, 3. money word problems -, 4. solving proportion word problems, 5. math mammoth grade 3-a, 6. grade 3 mixed math problems and word problems worksheet, 7. number talks grades 3-5 resources, 8. money word problem worksheet.

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Year 3 Money Challenges Solving Money Problems

Welcome to our Year 3 Money Challenges page. Here you will find our selection of printable money problem worksheets to help your child learn to use their money skills to solve a range of problems.

These challenges are a great resource as an extension for more able pupils, or to consolidate and extend learning.

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Year 3 Money Learning

Knowing how to handle and calculate with money is a very important life-skill.

During Year 3, children build on their knowledge and skills they have achieved during Year 2.

By the time children reach the end of Year 3, they should be able to:-

  • use decimal notation for amounts of money, e.g. £3.27
  • change amounts in £ to amounts in pence and back;
  • count money up to £10;
  • calculate change for amounts of money up to £1 mentally;
  • solve simple problems involving money;
  • use informal methods to add and subtract money amounts in £ and pence.

Our worksheets will support your child with these objectives.

10p coin image

Year 3 Money Challenges Information

The following worksheets involve solving challenges involving money amounts. They are a great way to consolidate and extend money learning once children are confident with counting money amounts.

The challenges start off at a fairly easy level with problems that involve lower value coins and smaller money amounts. The challenges later on involve more complex problems with larger values to calculate.

If you are teaching a class or group of children, then these sheets should give you some great differentiated learning activities with a money theme.

An answer sheet is available for each challenge provided.

The money challenges in each section are carefully graded, allowing you to introduce concepts at an easier level before introducing harder work, or differentiate within your class.

Using the sheets in this section will help your child to:

  • count money in coins up to £1;
  • develop their reasoning and thinking skills;
  • solve problems involving money.

All the money worksheets in this section will help your child to become more confident with money, and develop better problem solving skills.

Year 3 Money Challenges Worksheets

There are 3 challenges - Tyger's Money Square Challenge, Row of Coins Challenge and How Much Money Challenge.

Each main challenge has several versions which start with the easiest level and progress onto harder levels of challenge.

Row of Coins Challenges

  • Row of Coins Challenge 1
  • PDF version
  • Row of Coins Challenge 2
  • Row of Coins Challenge 3
  • Row of Coins Challenge 4

Tyger's Money Square Challenges

  • Tyger's Money Square Challenge 1
  • Tyger's Money Square Challenge 2
  • Tyger's Money Square Challenge 3
  • Tyger's Money Square Challenge 4

How Much Money Challenges

  • How Much Money Challenge 1
  • How Much Money Challenge 2
  • How Much Money Challenge 3

Extension Activity Ideas

If you are looking for a way to extend learning with the How Much Money challenge, why not...

Try playing 'How Much Money' in pairs.

One person chooses 2 or 3 coins and the other person has to ask questions which involve 'yes' or 'no' answers.

To make the game more interesting, have a maximum of 5 questions before you make a guess!

Looking for some more UK money worksheets?

We also have some counting money worksheets with amounts up to £1 or £5.

The sheets are at a more basic level than those on this page.

  • Free UK Money Worksheets Coins up to £1
  • Year 3 Money Worksheets Coins up to £5
  • Year 4 Money Challenges

More Recommended Math Worksheets

Take a look at some more of our worksheets similar to these.

Money Riddles

These puzzles are a great money starter activity to get children thinking and puzzling out which the correct answer is out of a set number of choices. They are great for partner work too.

UK Money Riddles

If you are looking for some fun learning puzzles involving money, then look no further.

The puzzle sheets in this section are designed primarily for children in Years 3 and 4 who need to develop their problem solving skills and mathematical language.

Using these challenges will help your child to:

  • apply their existing skills to puzzle out clues;
  • understand money terminology;
  • develop their thinking skills.
  • Money Riddles for Kids (UK coins)

Money Column Addition Worksheets

Here you will find a selection of Column Addition Money sheets designed to help your child add different amounts of money.

Using these sheets will help your child to:

  • add up a range of money amounts involving decimals.

The worksheets in this section are aimed at children in Years 4 and 5.

  • Column Addition Money Worksheets (UK)

Money Column Subtraction Worksheets

Here you will find a selection of Column Subtraction Money sheets designed to help your child subtract different amounts of money.

  • subtract a range of money amounts involving decimals.
  • Column Subtraction Money Worksheets (UK)
  • Counting Money Games

Here is our collection of counting money games for kids.

All of these games are suitable for kids aged from 1st grade and upwards.

Playing games is a great way to practice math skills in a fun way. Games also help to develop reasoning, thinking and memory.

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Counting Money Games for 3rd Grade

Teach kids different operations with money through fun counting money games for 3rd graders. You can now infuse learning with joy and become a super parent! Play now!

money problem solving grade 3

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Recognize the Same Amount of Money Game

Recognize the Same Amount of Money Game

Shine bright in the math world by learning how to recognize the same amount of money.

The “money math games” in the previous grades insist upon understanding the denomination of currency. With fluency in identifying coins and the associated value, kids learn to select penny, dime, nickel, quarter dollar, half a dollar and one dollar using word math problems. Followed by counting money to tender change against a bill or making amounts using change, the knowledge of number-sense pertaining to money strengthens.

The grade-3 games for “money” instigate upon comprehending numeric and math puzzles to solve a math problem by applying the basic math operations while counting money. These operations are addition, subtraction, multiplication, and division.

Upcoming section delineates the salient aspects of money counting games in the pretext of educational games.

What is “Currency”?

The previous grades nurture the understanding of coins used in the running currency across The United States of America. By using the money math, each currency coin in the form of change is represented in the following figure.

The denominations of currency coins are useful in solving money math games of counting change using number-sense and basic math operations.

Math Games for Teaching Currency Trade/Money Sense

The money-exchange is an important part of human-lives across all nations. With different currencies around the globe, the money math is a basic mandate for counting change to render any service or purchase goods. The concept of counting money is introduced to kids in preschool years by exchanging things among other kids. The comprehension of printable money and denominations of the existing bills & coins is one of the important aspects of learning money control facts.

The upcoming section acclimatizes the money math games and corresponding learning outcomes.

Learning & outcome:

The math lessons on comprehension of currency coins & precise identification in the 1st and 2nd-grade nurture the familiarity with currency & trade. The money math games for grade-3 from SplashLearn are prolific in applying the concurrently acquired math skills. The knowledge of number-sense, place-value system, counting skills along with reading & writing numbers in textual form is further honed by using the concepts in real-life application scenarios. The preschool math games on how to count money fast corroborate the money counting skills.

The expected learning outcomes are tabulated as follows:

  • Comprehend the word problems on money counting and framing math equations using numbers and math symbols
  • Assimilating the knowledge of currency coins to accurately tender change
  • Count & compare the monetary values in a word-problem or math puzzle to order them in ascending or descending order
  • Add & subtract the values associated with a coin to compute the aggregated sum or the difference in two numbers
  • Multiply & divide the numbers to evaluate the total value corresponding to a group of objects as well as the value of an individual product from a group

Required math skills

The “money math games” predominantly insist upon discrete coin recognition and the comprehension of number-sense using the place-value system and base-10 blocks with reference to the associated value. With fluency in the basic math operations and progressing math skills such as multiplication and division using pictures and counters, skip counting (backward and forward) on a number line or with mental computation is a prerequisite. The interactive games for kids are eclectic in boosting confidence to solve math equations on money counting.

Engagement :

Contemplating the significance of “money control” and money math in daily lives, everyday math games are the first step to propel the fast “money counting” math. SplashLearn games flaunting theme-based interface adhere to the prescribed common core math curriculum.

The versatile games are designed to assist parents to plan a homeschool curriculum as well as in building a conducive & highly engaging environment for student learning. The third-grade worksheets offer an inquisitive & a comprehensive collection of numerous word-problems, brain teaser puzzles and hard math riddles to learn math online.

Manipulatives used for money control

Base-10 blocks.

Akin to number-sense math for single-digit and higher numbers, the base-10 block comprehension for money games is highly efficient. Kids can easily relate to the monetary values during classroom teaching with the blocks.

Also, the blocks are helpful in proficiently computing the sum or the difference of two figures with reference to the coins such as a penny, dime, half a dollar and one dollar. The denominations such as nickel and quarter dollar can also be evaluated using base-10 blocks.

Representation of money using base-10 blocks

Reference image: Representation of money using base-10 blocks

Money operations

   a. Addition of money

The scenarios instigating the addition of money are the ones where multiple items are purchased. For example, a box of pencils along with a set of notebooks. The price of both the items will be added together to evaluate the total cost of the purchase.

The comprehension of the word problem in the form of a math equation will be:

  • Price of box of pencils = $6
  • Price of 2 notebooks = $8
  • The total price is ➔$6 + $8 = $14

   b. Subtraction of money

Akin to the addition of money, the subtraction of money is used in the cases pertaining to counting change for return against a payment. For example, Joe paid the $10 bill to the shop owner for a box of colors costing $7. How much change is tendered by the shopkeeper?

To solve math equation framed for the problem, follow the steps as follows:

  • Value of bill paid = $10
  • Price of colors = $7
  • The returned change is ➔ $10 – $7 = $3

   c. Multiplication of money

Akin to the addition of prices of different items to evaluate the total bill, multiplication of money is used when the prices of each product are same. Similar to forward skip counting on a line plot, the total bill (product) is evaluated by multiplying the price of the product (multiplicand) by the total number of the products (multiplier).

For example, a box of pins cost $5. How much is the price for 3 boxes?

  • Price of one box = $5
  • No. of boxes purchased = 3
  • Total bill is ➔ $5 x 3 = $15

multiplication using number line

   d. Division of money

The division of money is primarily used for counting the price of an individual object from a set of objects. Contemplating the fact that each object in the set has the same price. The total price will be the dividend, the number of products as the divisor and the quotient will be the price of an individual product.

For example, a box of toy cars has 6 cars. The total cost of the box is $48. What is the cost of each car? The math equation framed for the respective word problem will be as follows:

  • The total cost of the box = $48
  • Total number of cars = 6
  • The price of each car will be ➔$48 / 6 = $8

Application

The purview of counting money by applying basic math operations develops the application aspect of the acquired skills. The knowledge of counting money lays the foundation of early management skills in kids for planning finances in each stage of their lives. Math lessons on comprehension of the value of coins and banknotes initiate the approach of saving money using piggy banks as well as in bank accounts later on.

SplashLearn Money Games Worksheet

The introduction of math lessons on financial education in the early grades during preschool learning is the very first step towards financial management. The knowledge of counting money institutes monetary virtues in kids to manage the savings and spend suitably. Within the purview of basic & advanced math operations along with arithmetic comprehension pertaining to brain teaser puzzles, money counting is beneficial. To nurture & strengthen the math sense & cultivate fast math skills, plan and initiate educational assessment with SplashLearn educational games.

The comprehensive math worksheets for 3rd grade featuring logic puzzles and brain teasers are best suited for homeschooling as well as to prevent skill-loss during summer vacation. The real-time progress dashboard assists in the preschool assessment of math skills to plan and implement everyday math activities.

Recognize the Same Amount of Money Game

Your one stop solution for all grade learning needs.

Money word problems #3

Common Core Standards: Grade 2 Measurement & Data

CCSS.Math.Content.2.MD.C.8

This worksheet originally published in Math Made Easy for 2nd Grade by © Dorling Kindersley Limited .

Related worksheets

Money word problems #1, money word problems #2, working with coins, working with coins #2.

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money problem solving grade 3

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money problem solving grade 3

What is money? When we all go for shopping we buy some stuff but how do we pay for it? We all know the answer “We pay using money". We all it daily for our needs but what money is and what are its uses and applications? Let’s just find out.

  • The currency used in any country is called as money. Like in India we use Indian Rupee (INR) which is the currency of India and hence money in simple language. Thus the coins, the notes of different denominations are all money.
  • RUPEE has been derived from a Sanskrit word ‘RAUPYA’ which means silver coins.

The currencies used in different countries are mentioned in the table

Different Denominations

The different types of notes and coins used across the whole country centralized by the Government are called as denominations of the money or currency.

  • The different denominations of The Indian Rupee are ₨ 5, ₨ 10, ₨ 20, ₨ 50, ₨ 100, ₨ 200, ₨ 500, ₨ 2000.
  • n our Indian currency system 1 Rupee = 100 Paisa.
  •  It means 1 Paisa = 0.01 Rupee.
  •  At earlier times we also had 25 paisa and 50 paisa coins.
  •  We get our currency in form of notes as mentioned above and also in the form of coins like Rs 1 coin, Rs 2 coin, Rs 5 coin, Rs 10 coin.
  •  1 Rupee = 25 Paisa x 4 , hence 4 coins of 25 Paisa will make a rupee.

Maths class 3 Money

  Let’s Identify the Pictures

Maths class 3 Money

Role of Money in Mathematics

Like everywhere else Maths has very great use and importance in the field of money and money related problems. We use it while shopping, while calculating bills, while receiving money from someone or giving money to someone.

  • Thus Maths and Money are inter-related to each other and we need both of them in our daily life.

Let’s just understand it in a better way with the help of an example

Example 1: A shopkeeper is selling Ghee at Rs 230/kg. If Aman has to buy 5 kg of Ghee, How much will he have to pay to the shopkeeper?

Rate of Ghee = ₨ 230/kg

Quantity of Ghee which Aman has to buy = 5 kg

Therefore for 5kg cost of Ghee = ₨ 230 x 5 = ₨ 1150.

Hence Aman has to pay ₨ 1150 to the shopkeeper.

  Example 2 : If in the above example if Aman gave ₨ 2000 note to the shopkeeper. How much cash would he receive back?

  Solution :

Amount given by Aman to the shopkeeper = ₨ 2000

Cost of 5 kg Ghee = Rs 1150

Therefore cash received by Aman

= (Rs2000 – Rs1150) = Rs 850.

  • These types are problems related to money are dealt with using mathematics.

 Let’s just go through some more examples

  Example 3 : Ravi is going for a dinner with 4 of his friends. After having dinner the bill came out to be Rs 2356. But Ravi has only Rs 1980. So how much money he has to borrow from his friends?

Total amount of dinner = Rs 2356

Amount Ravi has = Rs1980

Therefore amount of money Ravi has to ask his friends is

= Rs 2356 – Rs 1980 = Rs 376.

  Example 4 : Convert Rs 23.57 into Paisa.

Solution - As we know Rs 23.57 = Rs 23 + 57 Paisa.

Now 1 Rupee = 100 Paisa

Therefore Rs 23 = Rs 23 x 100 = 2300 Paisa.

And hence Rs 23.57 = 2300 + 57 = 2357 Paisa.

Example 5 : If 5 pair of socks costs Rs 1000. Then how much would a single pair of socks cost?

  Solution:

5 Pairs costs = Rs 1000

Therefore a single pair would cost = Rs 1000 ÷ 5 = Rs 200.

Practice Questions

Question 1 - Express 19.47 in words.

Question 2 - 3 friends share Rs 450. How much will each of them get?

Question 3 - Rate of a Pen is Rs 15. And the rate of Toothpaste is Rs 23 costlier than the pen. What is the rate of Toothpaste?

Question 4 - State True or False

  • 1 Rupee = 0.01 Paisa
  • 5 Paisa = 0.05 Rupee
  • 4500 Paisa = Rs 40
  • Rs 12.32 = 1232 Paisa

Question 5 -How many 50 paisa coins make Rs 4?

Question 6 - Convert 705 Paisa in Rupee.

  • Currency is known as money.
  • The Indian currency is INR.
  • 4 coins of 25 Paisa make a rupee.
  • 2 coins of 50 Paisa make a rupee.
  • 1 Rupee = 100 Paisa

Quiz for Money

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  1. Adding Money Word Problems Worksheets

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  3. 2nd Grade Math Worksheets

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  4. Problem Solving with Money

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COMMENTS

  1. Grade 3 Counting Money Worksheets

    Counting money and making change are practical applications of early math skills. These grade 3 money worksheets give kids practice in counting money (coins and notes), solving money word problems and making change.

  2. 16 Money Word Problems with Solutions and Answers (By Grade)

    Here are free 2 nd grade money worksheets, 14 money counting games, and a bunch of free consumer math worksheets. Money Word Problems Grade 3 While there’s no mention of money for Grade 3 Common Core Standards , you can relate several of the math standards to money word problems.

  3. Free Printable Money Word Problems Worksheets for 3rd Grade -

    Money Word Problems: Discover a collection of free printable worksheets for Grade 3 math teachers, focusing on real-life scenarios involving money. Enhance your students' problem-solving skills and understanding of financial concepts.

  4. Money Worksheets 3rd Grade Money Challenges

    Money Challenges. The following worksheets involve solving challenges involving money amounts. They are a great way to consolidate money learning once children are confident with counting, adding and subtracting money amounts. Each challenge has several different versions - an easier version followed by more challenging versions.

  5. Counting money worksheets for 3rd grade

    A list of free printable counting money worksheets for third grade, including counting Count pennies, nickels, dimes, quarters, and bills in various combinations with increasing difficulty. Randomly generated, you can print from your browser!

  6. 3rd Grade Money Worksheets

    These worksheets cover various topics related to money such as word problems, addition, subtraction, multiplication, division, and currency recognition. The goal is to help students develop their math skills and understanding of money concepts.

  7. 3rd Grade Money Worksheets & Free Printables

    Third grade money worksheets and printables are designed by teachers to support young learners. Third grade money worksheets help your child learn about currency and spending. Use third grade money worksheets with your future savvy spender.

  8. Money Word Problems and Operations Third Grade

    Step by Step practice. Let's start. No Results. Money Word Problems and Operations. Once your child confidently counts money amounts, they are ready to solve money problems. The money word problems on this page will help your child become more confident at solving problems involving money amounts.

  9. Printable 3rd Grade Money Word Problem Worksheets

    1. Working with money shows how math is useful in real life. In this selection of worksheets that feature word problems about money, third graders learn how to tackle and solve money word problems using a variety of strategies.

  10. Counting, adding & subtracting money worksheets for 3rd Grade

    We've compiled a list of some of the best resources offering counting, adding & subtracting money worksheets for 3rd Grade math practice. These resources include: k5learning : This website include fun money worksheets from recognizing coins to counting coins and shopping problems.

  11. 3rd Grade Money Worksheets

    These 3rd grade math worksheets work great when it comes to boosting the problem-solving and reasoning skills of a student. Printable PDFs for Grade 3 Money Worksheets. It is very important for students to practice problems in order to deal with money in the future.

  12. Grade 3 Money Problem Solving Pdf Worksheets

    Displaying 8 worksheets for Grade 3 Money Problem Solving Pdf. Worksheets are Math mammoth grade 3 a south african version samples, Counting money, Mo...

  13. Year 3 Money Challenges

    Year 3 Money Challenges Information. The following worksheets involve solving challenges involving money amounts. They are a great way to consolidate and extend money learning once children are confident with counting money amounts.

  14. Counting Money Games for 3rd Grade Online

    The grade-3 games for “money” instigate upon comprehending numeric and math puzzles to solve a math problem by applying the basic math operations while counting money. These operations are addition, subtraction, multiplication, and division. Upcoming section delineates the salient aspects of money counting games in the pretext of educational games.

  15. Money Word Problems

    Money Word Problems. These money word problems worksheets engage students with real world problems and applications of math skills. The problems are grouped by addition and subtraction (appropriate for second or third grade students), or multiplication and division (appropriate for fourth or fifth grade students who have mastered decimal ...

  16. Money word problems #3

    In this money math worksheet, your child will solve word problems that involve doing addition and subtraction with dollars and cents. MATH | GRADE: 2nd, 3rd. Print full size. Skills. Addition to100, Coin value, Money math, Solving word problems, Subtraction up to 100. Common Core Standards: Grade 2 Measurement & Data. CCSS.Math.Content.2.MD.C.8.

  17. Grade 3 Money Worksheet: Shopping problems (Canadian currency) |

    These grade 3 shopping word problems use Canadian money. Some questions require decimal addition or subtraction and may be too advanced for some grade 3 students. Open PDF

  18. Class 3 Money

    Class 3 Money - basics, problems and solved examples | Math Square. Home. Class 3. Money. What is money? When we all go for shopping we buy some stuff but how do we pay for it? We all know the answer “We pay using money". We all it daily for our needs but what money is and what are its uses and applications? Let’s just find out.

  19. Money Worksheets

    4.9 (27 reviews) South Africa Money Word Problems Worksheet. 4.8 (22 reviews) Newly Released 2023 South African Money - Notes Posters. 4.9 (18 reviews) Supermarket Maths: Addition with Money Worksheet. 5.0 (14 reviews) Double Your Money Worksheet. 4.6 (5 reviews) South Africa Money/Currency Cut-Outs | SA Money. 4.9 (51 reviews)

  20. South African money worksheets

    Worksheet #1 Worksheet #2. Worksheet #3. Shopping problems: Worksheet #4 Worksheet #5. Worksheet #6. Money in words: Worksheet #7 Worksheet #8. Worksheet #9. More money worksheets. See all of our money worksheets, from recognizing coins to counting coins and shopping problems. What is K5?

  21. Shopping problems (South African money) worksheet

    Grade 3 Counting Money Worksheet. Using the prices below, answer the questions. chewing gum = R1,80 lollipop = R2,80 chocolate bar = R5,00 peanuts = R3,70 pack of chocolate nips = R33,60 cookies = R21,40 pack of jelly beans = R11,40 1 serving of ice cream = R18,90. Allan wants to buy a chocolate bar. How much money will he need?