Money Math Mondays: Pennies by the Pound

POSTED: April 6, 2015 | BY: Daniel Thompson | TAGS: , ,

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bedtime math e1428354300625 Money Math Mondays: Pennies by the PoundThe Council for Economic Education is excited to link to Bedtime Math’s “Money Math Mondays” math problems during Financial Literacy Month. Parents have been snuggling up with their children for bedtime stories for generations. Why not do the same with math problems? Bedtime Math was created by Laura Overdeck, a mother with a degree in astrophysics, to help parents increase “math awareness” by taking a fun story, picture or video and creating math problems for toddlers, pre-school and elementary school children to solve in their heads. Click here to see how Bedtime Math gets your kids thinking about saving money:

CEE has hundreds of free lessons available for K-12 teachers on EconEdLink.org. Check out these lessons on saving:

econedlink logo 300x71 Money Math Mondays: Pennies by the Pound

 

 

 

Grades K-2, 3-5
The ABCs of Saving
This lesson will introduce students to three elements they need to understand in order to save successfully. A is for Aim: setting a goal. B is for Bank: creating a place to put savings. C is for coins and currency: making saving money a habit.

Grades 6-8
Climbing the Savings Mountain
Students discover how saving money can be compared to a mountain climb. The climb can be fast or slow, safe or hazardous, scenic or thrilling. You will find out that there is more than one way to get to the top!

Grades 9-12 (Math)
Spending Multipliers
Students learn the definition of marginal propensity to consume and marginal propensity to save. Then they participate in a simulation to demonstrate how the marginal propensity to consume and marginal propensity to save influence the economy through the multiplier effect.

Grades 9-12 (Economics)
A Penny Saved
After reading the comic book, “A Penny Saved,” published by the Federal Reserve Bank of New York, students use a compound interest formula and a table to see the effects of compounding and learn the Rule of 72.

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