Money & Making Change

rock and learn is are you ready? bill rock on penny oh yeah here oops we blew up a speaker wow we must have rocked too hard yeah oh no now we can't play the big show tonight that doesn't play but wait I have an idea. Putting all my

money

in this piggy bank might have enough to fix the speaker that would wobble but first we'll have to count all the

money

to make sure we have enough. I bet there are all kinds of coins inside my piggy bank that I can Let's not wait to see what they look like, let's sing a song to learn about different coins.

The coin worth one cent, which is the smallest amount, is the copper-colored cent and each cent has a count. Abraham, wow, that's so many nickels, it's bigger than. a penny now that makes sense on the front of the nickel is thomas jefferson the drafter of the declaration of independence the smallest coin we have with franklin d roosevelt on the front right now ten cents is the value of the dying is easy to remember this coin is a quarter the edge has many grooves it's worth 25 cents now look at these movements all different in the back george washington has been on the front it's true for the quarter since 1932 it's worth 50 cents but you won't find many of the quarters I have been told that Sacagawea is in the one that looks gold, but Susan B Anthony is in the silver one, who is Sagagawea Sagawea was a famous Shoshone interpreter in the guide in the early 19th century, she helped two famous explorers, Lewis and Clark, to discover new lands in the western part. of the United States if it weren't for Sagagawea Lewis and Clark perhaps they would never have seen the Great Plains or the Pacific Ocean bill that is a very interesting story I guess all those people who are on the coins must be very important to the United States that en In fact, starting in 2007, the US Mint began releasing four new one dollar coins each year, each of these coins will have the face of a different US president on the front and they will all have the statue of liberty on the reverse.

Only a few of these coins are about the same size and color as the Sajajawea dollar but look, they have writing on the edge now that we know what coins look like, let's learn how to count them, we'll start by counting pennies, uh, wow. penny, it looks a little like you, I don't know, I don't really see the resemblance now if we want enough pennies to equal a dollar bill, we'll have to count 100 pennies, we could count them one by one or make it go a little faster we could counting in twos by throwing two pennies towards us each time we count that sounds like a good idea a penny is also called a penny so two pennies are two pennies let's count by twos until we have a dollar or 100 2 4 6 8 10 12 14 16 18 20. 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50. 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 86 88 90 92 9 4 96 98 100 Hooray, we count 100 cents, that's a whole dollar.

There are also other ways we can count pennies. We can put them in piles of 5 or 10 and skip count using the piles. Putting coins in piles also makes it easier if we have to count them. Other coins, such as nickels, are silver-colored coins with Thomas Jefferson on the front and have a very smooth edge. They are also thicker and heavier than pennies. Remember that nickels can have different designs, they are made that way. by the united states mint i love mints especially chocolate mints penny not that kind of mint when we talk about coins the word mint means a place where coins are made look at these nickels pennies they all have thomas jefferson on the front but this one has a close up of him even though they look a little different from each other each nickel is still worth five cents so counting five cents is like counting by fives five five ten fifteen twenty twenty twenty five thirty thirty five forty forty five fifty 55.60 65.70 75.80 85.90 95 100.

Now that we have counted the nickels up to one dollar, let's see how many nickels it took to make that dollar one two three four five six seven eight nine 10 11 12 13 14 15 16 17 18 19 20. so To make a dollar we need 100 cents or 20 nickels, let's see how many dimes we need to make a dollar . Dimes are the smallest of all coins and feature Franklin D. Roosevelt on the front. The edges of dimes are not smooth. They have crests, but wait. Wait a second, if dimes are worth more than nickels and pennies, why are they the smallest coins? Well, let me tell you a little about the history of money.

Dimes, quarters, half dollars, and one dollar coins were usually made of real silver, the half dollar weighed half as much. As a dollar, the quarter weighed one-quarter as much as a dollar and the dime weighed one-tenth of a dollar. Nickels and pennies were always made of metals that were not as precious as silver because if the coins were smaller than a dime, they would be easy to lose, which is why the dime is our smallest coin, yes, wow, that's interesting, but our coins are no longer made of silver, they no longer have bills. All coins minted today are made from metals that are less valuable like copper. nickel and zinc, okay, let's learn to count dimes because dimes are worth 10 cents each.

We need to count them by tens 10 20 30 40 50 60 70 80 90 100 10 20 30 40 50 60 70 80 90 100. Let's see how many dimes were needed to make a dollar one two three four five six seven eight nine ten ten dimes Ten cents make a dollar Now let's count some quarters Let's take a look at all these different types of quarters In 1999, the US Mint started a program to commemorate each of the 50 states in The order in which they join the union, each state has the honor of having its own design on the back of the coin, so approximately every 10 weeks from 1999 to 2008, the Mint has

change

d what is on the back of the quarters made earlier. 1999 has an eagle on the back, but all coins have our first president George Washington on the front.

I always thought counting coins was fun 25 50 75 per dollar 25 50 75 per dollar 25 50 so it only takes one two three four quarters to make a dollar that's because a quarter is a quarter or 25 cents look at the bill this coin is very big yes, a penny is and you know what else is worth even more than a quarter no, really yes, a half dollar is worth 50 cents so we only need two of these half dollars to make a dollar 50 cents on the dollar 50 cents on the dollar 50 cents to the dollar two half dollars make one dollar that makes sense but we generally don't see many of these half dollars around much larger than quarters and they have John F.

Kennedy on the front. The following coins are one dollar coins. We have the Sagagawea coin and the Susan B coin. anthony. Each is worth one dollar, just like presidential one dollar coins, but the dollar also comes in paper form. Shape the dollar bill like coins, the appearance of paper money

change

s from time to time, but don't worry, you can tell how much each bill is worth from the number printed on it. Look at this dollar bill to see what we do. I mean you will see both the number one and the word one printed on the bill.

We have several different types of bills in the US, the most common being 5s, 10s, 20s, 50s, and 100s. Wow, can I keep one of those 100s so I can do that? remember what they look like um let me see no when we want to write about money we can do it three different ways let me show you an example with a quarter bill and a dollar bill one on which we can write each word putting the dollars first word and then cents, so this would be a dollar and 25 cents. We use this way when we write checks two, we can use a dollar sign and a decimal, you write the dollar sign and you put the number of dollars after it, then you put the decimal point with the number of cents after that, this is the way in which you see the prices written most frequently when we write money in this way we show the meaning in two digits to the right of the decimal point because they are hundredths of a dollar three we can use the cent sign Because one dollar is equivalent to one hundred cents, We write a dollar twenty-five as 125 cents with the smell sign after it, but this way of writing money is usually used when writing amounts less than a dollar.

I've seen it used a lot at garage sales when to count change at a garage sale or anywhere it's good to know about coin combinations it takes a nickel to equal a nickel 10 cents to equal a dime cents 25 cents to equal a quarter 50 cents to equal a half dollar and 100 cents to equal a dollar that's a lot of cents cent I like to have coins that are worth more like a nickel because you don't have to carry as many it takes two nickels to match a dime five nickels to equal a quarter ten nickels to equal a half dollar and 20 nickels to equal a dollar, dimes are great because they are worth more and are smaller, however, they are a bit complicated, what do you mean dimes are complicated?

Well we can't just use dimes to equal a quarter, we need two dimes and a nickel to equal a quarter or two dimes and nickels, that's right, and it takes five dimes to equal a half dollar and ten dimes to equal one dollar. Quarters are my favorite coins because there are so many different designs that it takes two quarters to equal half. dollar and four quarters to equal one dollar, half dollar is hard to find, but you only need two of them to equal one dollar, since you don't see them very often, you may have to put two quarters with the half dollar to equal one dollar. fun

making

coin combinations the more you practice the better you get each time I empty my piggy bank the first thing I do is separate the coins so I have all the pennies in one pile, all the nickels in another, the dimes in another, then quarters, half dollars, and finally coins and dollar bills, which makes it easier to count how much money you have, start with the large coins and use skip counting to put all the coins in piles of Dollars.

Sometimes I don't have the right amount of coins. to do the skip counting up to a dollar, so I just used some of the smaller coins to finish the dollar, hey penny, why don't we count the money in your piggy bank? Maybe we can fix our speaker, okay, first. We'll separate the coins here there are two Susan B Anthony dollars one Sagagawea dollar three half dollars nine quarters four dimes ten nickels and a bunch of pennies let's put the coins in groups that are equal to one dollar to so we can count how many dollars we have. we have here one two three dollars of the one dollar coins, let's count two of the half dollars fifty per dollar, which brings us to four dollars, we have another half dollar left if we put two of the quarters, which makes another dollar, five dollars in total, which leaves us with seven quarters let's add them up slowly 25 50 75 one dollar that's six dollars so far now let's count the other three quarters 25 50 75 and if we add two of the dimes and a nickel cents that will give another dollar now we have seven dollars counted that leaves us with two dimes 10 20 20 cents we can skip counting by using the nickels from there 25 30 35 40. 45.50 55.60 65 cents let's see if we can come up with a dollar with the pennies one more would make 66. now let's skip the count two cents at a time 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 uh oh just one more 99 that makes one two three four five six seven dollars and ninety nine cents wait I just remembered I found a penny on the sidewalk this morning now we have a whole eight dollars which might not be enough to fix the speaker hmm maybe I should call our friend Dylan at the store music to see if you can help us, maybe you can lend us a speaker to use.

You don't have to call me man, I'm here. I thought I'd stop by and see how things are going. Do you think you can fix our speaker? Let me take a look. Hmm, no problem, it's just a loose wire. I won't charge you anything. Wow, Dylan, you're amazing. The speaker works and I can keep my piggy bank full. Yes, thanks. Dylan, you are a great friend and now we can rock tonight, after all, wonderfully, now thatWe have counted the money in your piggy bank, let's practice a little more, remember to start counting with the largest coin and use skip counting whenever you can five 15 16 17 17 10 20 25 30 35 36 36 25 30 31 32 32 cents 25 50 60 70 75 80 81 81 cents 10 20 30 32 34 36 38 40 42 42 cents 25 35 45 50 55 60 61 that gives us 61 cents 25 50 75 85 86 87 88 88 cents 25.50 55 56 57 8 59 59 cents wow look at them all these coins 25 50 75 85 95 96 98 100 102 102 cents or one dollar and two cents one dollar 50 100 makes two dollars 50 75 85.95 six ninety seven ninety eight ninety nine hundred that's another dollar for three dollars total great now let's play a game called counting the coins look If you can count the coins faster than us, we will help you a little with the first ones and you will be alone thirteen cents 28 cents 46 cents 92 cents 100 cents or one dollar 26 cents 51 cents 95 cents 79 cents 99 cents count fantastic now that we know how to count money we'll know if we have enough to buy certain things um count fantastic I'm not sure that's a word now okay so let's make some imaginary purchases counting fantastic to practice on the left side of the screen we'll show some things we could want to buy on the right side of the screen we will show the money we have available let's practice shopping first let's see how much money we have five six seven eight nine nine cents nine is less than the 12 cents that gum costs so we don't have enough money to get the bubblegum I guess we'll have to choo choo choose something else hmm 5 10 15 15 cents 15 is a penny more than the 14 cents this eraser costs so we can buy it and get a cent or a penny back.

That will work. Good job. 10 15 20 25 25 cents. Hey, that's exactly what we need to buy this apple. 10 20 25 26 27 28 29 29 cents. but we only need 28 cents we get the pencil and we keep one cent I always have at least one cent I 25 35 35 cents that's more than we need for this cool sticker so we know how much change we should get back We'll start with the price of the sticker and We will count up to how much money we have for the sticker: 33 cents 34 35 That's two cents, we will recover more gum. Well, let's try it. 25 30 35 36. Oh, we need two cents to get this pack of gum.

Could we use the two cents we had left over from the shiny sticker? Sure, but I understand. a piece of gum you have too mmm strawberry lip gloss oh brother hey I want to buy this let's see I have 25 35 40 40 cents I can get the lip gloss and a penny back we have 25 50 50 cents that's more than enough to get this pen, but let's see how much they would give us back. The price is 46 47 48 49 50. That's four cents. Oh, one more game and we'd get a five-cent lemonade. Do we have enough? 25 35 40 41 42 43 43 cents looks like we'll have to find a water fountain in a cool place, look at this unusual balloon, let's see if we have enough to get it 25 35 40 45 46 47 48 49 50 51 52 52 cents, just enough, we won't get any change again oh how nice look how small these cards are we have 10 20 30 40 50 60 60 cents that's more than enough for the cards now calculate the change start with the price of 54 cents 55 56 57 58 59 60 .that makes six cents so we can get back six cents or a nickel and a dime for a nut raisin granola bar and it's only 62 cents which sounds reasonable yeah just count the money 25 50 60 65 66 67 67 that's more than enough for this granola bar the granola bar is 62 cents and we have 63 64 65 66 67 that's 5 cents more than we need that means we can keep the nickel and get the bar of granola sometimes instead of counting all our money first when we get close to the price of what we want we can try to make the exact change with the coins we have left, for example, if we count this again 25 50 60 we know that the next nickel will cost us would put above the price, so we can see if the pennies could give us exact change 61 62 and they can, so we don't even have to count the nickels.

I know four quarters make a dollar, so we have more than enough to buy this toy. Hey Bill, why don't we use what we just learned? Let's see if we can make the exact change, no problem, start with the largest coins first, 25 50, but stop there, a quarter more would put us over the price. Let's add the dime which takes us to 60 cents, now the nickel, 65 and we will add cents until we reach the price 66 67 68 69 hooray we made the exact change now what do we do with a toy top you spin it silly okay this it's easy 50 75 we have 75 cents since the hot dog costs 72 cents we should get 73 74 75 3 cents back hot dog oh I love kittens can we buy this pin 50 60 70?

The other dime would give us more, but the nickel gives us 75 cents, exactly what we need. Great, I can get the pin and we can keep a dime, which is my favorite. chocolate bar, let's see 50 75, another quarter would be finished and a nickel would be more than two, but a penny makes the 76 cents we need great, we had exact change and we can keep the nickel and a quarter which equals 30 cents, we can save 50. 70 75 76 only 76 cents oh man we'll have to save a little more to get this trading card hmm we could use the one dollar coin and get some change back but maybe let's have the exact change, let's count it and see 25 50 75 eighty -five ninety ninety one oh just one cent off it looks like you're going to have to use the one dollar coin the bracelet costs 92 cents 93 94 95 that's three cents and five cents more or nickels gets us to the dollar I get eight cents change and you get the quarters, nickels and dimes.

That's what I call a compact car. I can sit in the front only if you are the size of a penny. We could use the dollar bill and the dollar coin, but come on. check if we can make the exact change 25 50 75 85 90 91 92 hey, we can use the one dollar coin with the 92 cents you counted to buy the toy car, yes, the one dollar bill won't weigh as much in my pocket, maybe I should carry that in my purse, you can drive the car, mamma mia, pepperoni and green olives with anchovies, ew, let's see a dollar 50 75 2 25 35, another cent would be too much, but the nickel yields exactly 2.40 cents What do we need for that disgusting pizza. cut exactly the exact change and we have one of the dimes left over.

I have a feeling there will be leftover pizza too. It might actually be good if it didn't have anchovies. What a cute little bear. Do we have one dollar enough? two dollars 25 50 75 85 95 and one of the nickels wins three dollars now let's go back to the dimes 10 20 30 the remaining nickels 35 40 45 and the pennies 46 47 48 49 50 51 52 oh, we're short a nickel, I can barely stand it Here I found a nickel in the parking lot. Thanks Bill. Hey, look, a real bear. Can I take it home? Are you kidding? That bear would eat everything in sight. You're probably right. Also, I think we need a little change.

Look. I found this CD in the bargain bin, I bet it's hilarious and it only costs five dollars, let's see if we have enough one dollar two dollars fifty cents three dollars fifty seventy-five four dollars 25 35 45 55 65 75 80 85 90 95 96 97 98 99 5. So we get the CD and we have three cents left over. You know that the price of an item is not always the final selling price. Yes, sometimes they add tax at the register, so if you want to buy something, make sure you do. If you have enough money to pay it and cover the sales tax, there are times when you have to be the person to make the right change, like at a lemonade stand or a bake sale or if you help out at a garage sale, yes, then it's a good idea.

To know how to give change I like to make change starting with the price of the items sold and counting up to the amount of money the customer gave me. Another tip is to start using pennies and smaller coins to get to a point where you can skip counting using larger coins, let's do some examples on the left side of the screen you will see an item from our garage sale labeled price, the amount of money the customer is giving us will be below the item at the bottom right of the On the screen you will see the amount of change we have available to return as we count the change, we will move it to the top from the screen, first we need to know how much money they are paying and then we can count the change. let's see this puzzle is 66 cents and the money given is three quarters or 25 50 75 cents now we will count from the price of the puzzle until we reach the amount the customer paid starting at 66 cents four cents would make 68 70 and a nickel would take us to 75 cents, so they would get back four cents and a nickel, nine cents, hey, we're the ones on that puzzle, how puzzling, let's try another one, hey, look, this is really cool, it's easy to see They are paying with one dollar, so all we really have to count is the change starting at the price 87 88 89 90 and one of the dimes is equal to one dollar, so the change they get is 10 11 12 13 cents.

Let's count the change of this dollar starting at 42. We count the cents 43. 44 45 now we can use five cents 50 and then twenty-five cents to end up with 75 per dollar, so we ended up getting 25 50 55 56 57 58 cents. They are paying 1.25 the price is a dollar 13. So 14 15 and a dime makes a dollar. 25 for a total of 12 cents in change ok the amount they gave us is five dollars and five cents or 505 here another tip for

making

change look at the amount of money the client gives you if the currency part of what they give you is greater than or equal to the part of the price of the coin make the change for the part of the coin first then make the change for the part of the dollar let me see if I have this clear the price is 305 the customer gave me 5.05 for the part of the price of the coin is equal to the part of the coin the customer paid five cents so I only have to give change for the dollars that's 305 405 505. the customer receives two dollars in change this customer pays with five dollars and 25 50 75 cents sometimes people give you change close to what they owe so you don't have to carry so many coins using the advice we just learned let's look at the part of the coin the 75 cents of the money given is greater than the 64 cents of the price let's make change for the coin the part first since they owed 64 cents as part of the price of the coin, we will begin to count until we reach the 75 cents that they gave us, so 64 plus one cent gives us 65 and two of these five coins will take us to 70 75 If we had dimes, we could have given them one dime instead of two nickels, but unfortunately we can't give them the smallest amount of coins.

If we don't have them now, we will give them change for the dollar part that they owed three dollars. we need two more to make the four nickels they paid, they get one, two dollars and five, ten eleven cents in change, great, I love seeing these things. Me too, I just don't have the space for it. The lava lamp only costs 5.95, so this person. We could pay only with the 10 bill, but sometimes customers want to carry as few bills and coins as possible. We will use the one dollar bill to change currency. Part of the price will be easy.

We only need a nickel to carry the bill. 95 cents on the dollar now to make change for the ten dollar bill the dollar part of the price is five dollars so this five dollar bill will make the sum the ten they gave us, they ended up with five dollars and five cents in change it is easy to see that they are paying with ten dollars, let's start with the price 7.50 and if we add this half dollar which brings us to eight dollars, then we can give them this one dollar coin or one dollar bill to get nine and another dollar.

Bill takes us to ten, that's one, two dollars and fifty cents they get in change. It seems like we could have made the change several different ways with the change we have available. That's right, instead of using a half dollar, we could have used a quarter, two dimes, and a nickel to accompany the two dollar bills or we could have used a quarter, two nickels, and a nickel instead of the half dollar, but most of the time people don't want to carry around all those extra coins that we should try to make. change using as few coins as possible I hope you enjoy this bike as much as I do let's count the amount they gave us ten eleven dollars and two cents wait a minute they really only needed the ten dollar bill and the one dollar coin the two cents is not greater than or equal to 27 cents in price, but sometimes people want a particular rate of change, for example, if they want to retrieve quarters for a vending machine, we will count the change as usual andThen we'll see if the two cents help us. so, counting from the price of 10.27, three cents is 28 29 30. two dimes are forty fifty-two quarters are seventy-five eleven dollars, but they gave us eleven dollars and two cents, so we'll give them two cents more.

Now count the change we gave them. 25 50 60 70 71 72 73 74.75 75 cents in change, but we could give them that amount with fewer coins. Hey, that's right, I guess they wanted three quarters instead of having to carry two quarters, two dimes and nickels, that's pretty cool and now for our last yard sale item, an old television, come on, We can make change for a 20 bill, it is as easy as the rest, start with the price 12.45, a five-cent piece takes us to 12.50, then the quarters 12.75 13. then the dollars 14, 15 and one five. the one dollar bill makes twenty dollars, that's five six seven dollars 25 50 55 cents change we did it I hope you enjoy the television having a garage sale is fun we made some money and got rid of some things we no longer use or with which we play and We have a lot of practice counting money and making change.

Good night all. I'm Penny Money and this is Bill Dollar. This is our band, the Change Makers. We would like to send this song to our very special friends in the front row for everyone. Put your hands together and let's rock When I need something new and I don't know what to do I just shake, shake, shake, shake my piggy bank, I save my money when I can, so I'll have a backup plan, I just shake, shake, shake. shake my piggy bank when you shake, shake, shake, shake your piggy bank, there are so many, shake, shake, shake, shake your piggy bank, shake them all and you can start counting all the coins in your piggy bank.