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Money Basics  - Financial Problem Solving Strategies

Money basics  -, financial problem solving strategies, money basics financial problem solving strategies.

Money Basics: Financial Problem Solving Strategies

Lesson 2: financial problem solving strategies.

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Financial problem-solving strategies

Have you ever experienced a financial problem? Do you feel like finances are holding you back from reaching your goals? This lesson will give a brief overview of the general problem-solving process and how to apply it to the most common financial problems.

The problem-solving process

First, let's take a look at a general problem-solving process that you can apply to any situation, not just a financial one.

• Identify the problem . The first step in solving a problem is to identify it. What exactly do you need to overcome?
• Make a plan. What are the steps you need to take in order to overcome the problem?
• Implement the plan . This step actually puts the plan you created in place. While it sounds fairly straightforward, this is usually the most difficult step.
• Evaluate the plan . Although this is listed last, this step might actually occur simultaneously with implementing the plan. Things happen and circumstances change, so you may need to re-evaluate your plan as it is happening.

Identifying the problem

The first step in the problem-solving process is to get to the root of the problem and understand what you need to overcome. Here is a list of the most common financial problems people may face:

• Lack of income/job loss
• Unexpected expenses
• Too much debt
• Need for financial independence
• Overspending or lack of budget
• Lack of savings

When thinking about these common problems, each one falls into one of three areas: You need more money, you need to reduce your debt, or you need to change how you spend.

Making a plan

After identifying the problem you need to overcome, it's time to make a plan. Not sure where to start? No worries! We have you covered with some tips and places to begin.

Problem 1: You need more money . Whether you've lost your job, met an unexpected expense, or are working on becoming more financially independent, a form of income is necessary.

If you are a looking for additional work or maybe just a better-paying job, take some time to update your resume and cover letter. Make sure they are neat, up to date with your most current information, and free of spelling and grammar errors.

Be wary of any advertisements or jobs that offer fast, easy money. A lot of quick-cash methods come with unintended consequences. More often than not, if something sounds too good to be true, it probably is.

Problem 2: You need to reduce your debt . With high interest rates or the need to live paycheck to paycheck, high debt can be debilitating. Sometimes it feels like climbing a neverending mountain with an invisible peak. However, by prioritizing and negotiating your debt, you can make it more manageable.

Try listing all of your debt and the interest rates associated with each. Focus on paying off the ones with the highest interest rates first. If you're having trouble making payments, call the loan company and see if it can offer any solutions for you. The company may be able to lower your interest rate or offer a temporary forbearance to help you get back on your feet. If you need more help tackling your debt, you may want to contact a professional debt counselor like Consolidated Credit.

Problem 3: You need to change how you spend . Going from financial problems to a healthy financial status often requires organization and a shift in thinking. Avoiding overspending, building your savings, and gaining financial independence can often be accomplished with good spending habits.

The first thing you may want to try is creating a budget. There are many templates and resources available to help you create one. Sticking to one can be challenging, but simply having a budget laid out can help you see where you need to start spending less.

In addition to your budget, create a savings plan. Start out small. Even stowing away an extra dollar or two here and there can make a big difference. Also, try placing your savings in a place you cannot easily access. For example, create a savings account at a bank you don't usually use. The more difficult it is to access your money, the less likely you are to spend it.

Implementing the plan

Although the explanation of this part is the simplest, this is often the most difficult part to actually execute. It requires self-discipline and perseverance. The most important part of this step is to know that if your plan doesn't work or if you have a difficult time sticking to it, all is not lost. If it happens, move on to the next step, evaluate your plan, then repeat the process.

Overcoming financial obstacles can require changing your lifestyle, and this does not happen overnight. However, just having a plan itself can help to give you confidence and reassurance that you can eventually overcome whatever is in your way.

Evaluating your plan

As you implement your plan, you'll need to continually evaluate it. Maybe something happens and your original plan needs to change. Perhaps you've learned more along the way and realize that your original plan was incomplete. Or maybe your first plan went as planned and was a success. No matter the circumstances, it is always a good idea to look back and re-evaluate. Try answering these questions:

• Was your problem solved? Did a new problem arise?
• What went right?
• What went wrong?
• What circumstances changed?
• Was there anything you didn't account for?
• What was easy about implementing your plan?
• What was difficult about implementing your plan?

Financial obstacles can often seem debilitating and impossible to overcome. They often create a significant source of financial anxiety . We hope this lesson will help give you the confidence to take on your problem one step at a time so you can conquer your anxiety and move forward.

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Understanding financial stress

Effects of financial stress on your health, tip 1: talk to someone, tip 2: take inventory of your finances, tip 3: make a plan—and stick to it, tip 4: create a monthly budget, tip 5: manage your overall stress, coping with financial stress.

Feeling overwhelmed by money worries? Whatever your circumstances, there are ways to get through these tough economic times, ease stress and anxiety, and regain control of your finances.

If you’re worried about money, you’re not alone. Many of us, from all over the world and from all walks of life, are having to deal with financial stress and uncertainty at this difficult time. Whether your problems stem from a loss of work, escalating debt, unexpected expenses, or a combination of factors, financial worry is one of the most common stressors in modern life. Even before the global coronavirus pandemic and resulting economic fallout, an American Psychological Association (APA) study found that 72% of Americans feel stressed about money at least some of the time. The recent economic difficulties mean that even more of us are now facing financial struggles and hardship.

Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life. Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels. It can leave you feeling angry, ashamed, or fearful, fuel tension and arguments with those closest to you, exacerbate pain and mood swings, and even increase your risk of depression and anxiety. You may resort to unhealthy coping mechanisms, such as drinking, abusing drugs, or gambling to try to escape your worries. In the worst circumstances, financial stress can even prompt suicidal thoughts or actions. But no matter how hopeless your situation seems, there is help available. By tackling your money problems head on, you can find a way through the financial quagmire, ease your stress levels, and regain control of your finances—and your life.

While we all know deep down there are many more important things in life than money, when you’re struggling financially fear and stress can take over your world. It can damage your self-esteem, make you feel flawed, and fill you with a sense of despair. When financial stress becomes overwhelming, your mind, body, and social life can pay a heavy price.

[Read: Stress Symptoms, Signs, and Causes]

Financial stress can lead to:

Insomnia or other sleep difficulties. Nothing will keep you tossing and turning at night more than worrying about unpaid bills or a loss of income.

Weight gain (or loss). Stress can disrupt your appetite, causing you to anxiously overeat or skip meals to save money.

Depression. Living under the cloud of money problems can leave anyone feeling down, hopeless, and struggling to concentrate or make decisions. According to a study at the University of Nottingham in the UK, people who struggle with debt are more than twice as likely to suffer from depression .

Anxiety. Money can be a safety net; without it, you may feel vulnerable and anxious. And all the worrying about unpaid bills or loss of income can trigger anxiety symptoms such as a pounding heartbeat, sweating, shaking, or even panic attacks.

Relationship difficulties. Money is often cited as the most common issue couples argue about. Left unchecked, financial stress can make you angry and irritable, cause a loss of interest in sex, and wear away at the foundations of even the strongest relationships .

Social withdrawal. Financial worries can clip your wings and cause you to withdraw from friends, curtail your social life, and retreat into your shell—which will only make your stress worse.

Physical ailments such as headaches, gastrointestinal problems, diabetes, high blood pressure , and heart disease. In countries without free healthcare, money worries may also cause you to delay or skip seeing a doctor for fear of incurring additional expenses.

Unhealthy coping methods , such as drinking too much , abusing prescription or illegal drugs, gambling, or overeating. Money worries can even lead to self-harm or thoughts of suicide.

If you are feeling suicidal…

Your money problems may seem overwhelming and permanent right now. But with time, things will get better and your outlook will change, especially if you get help. There are many people who want to support you during this difficult time, so please reach out!

Read Are You Feeling Suicidal? , call 1-800-273-TALK in the U.S., or find a helpline in your country at IASP or Suicide.org .

The vicious cycle of poor financial health and poor mental health

A number of studies have demonstrated a cyclical link between financial worries and mental health problems such as depression, anxiety, and substance abuse.

Financial problems adversely impact your mental health. The stress of debt or other financial issues leaves you feeling depressed or anxious.

The decline in your mental health makes it harder to manage money. You may find it harder to concentrate or lack the energy to tackle a mounting pile of bills. Or you may lose income by taking time off work due to anxiety or depression.

These difficulties managing money lead to more financial problems and worsening mental health problems, and so on. You become trapped in a downward spiral of increasing money problems and declining mental health.

No matter how bleak your situation may seem at the moment, there is a way out. These strategies can help you to break the cycle, ease the stress of money problems, and find stability again.

When you’re facing money problems, there’s often a strong temptation to bottle everything up and try to go it alone. Many of us even consider money a taboo subject, one not to be discussed with others. You may feel awkward about disclosing the amount you earn or spend, feel shame about any financial mistakes you’ve made, or embarrassed about not being able to provide for your family. But bottling things up will only make your financial stress worse. In the current economy, where many people are struggling through no fault of their own, you’ll likely find others are far more understanding of your problems.

[Read: Social Support for Stress Relief]

Not only is talking face-to-face with a trusted friend or loved one a proven means of stress relief, but speaking openly about your financial problems can also help you put things in perspective. Keeping money worries to yourself only amplifies them until they seem insurmountable. The simple act of expressing your problems to someone you trust can make them seem far less intimidating.

• The person you talk to doesn’t have to be able to fix your problems or offer financial help.
• To ease your burden, they just need to be willing to talk things out without judging or criticizing.
• Be honest about what you’re going through and the emotions you’re experiencing.
• Talking over your worries can help you make sense of what you’re facing and your friend or loved one may even be able to come up with solutions that you hadn’t thought of alone.

Getting professional advice

Depending on where you live, there are a number of organizations that offer free counseling on dealing with financial problems, whether it’s managing debt, creating and sticking to a budget, finding work, communicating with creditors, or claiming benefits or financial assistance. (See the “Get more help” section below for links).

Whether or not you have a friend or loved one to talk to for emotional support, getting practical advice from an expert is always a good idea. Reaching out is not a sign of weakness and it doesn’t mean that you’ve somehow failed as a provider, parent, or spouse. It just means that you’re wise enough to recognize your financial situation is causing you stress and needs addressing.

Speak to a Licensed Therapist

BetterHelp is an online therapy service that matches you to licensed, accredited therapists who can help with depression, anxiety, relationships, and more. Take the assessment and get matched with a therapist in as little as 48 hours.

Opening up to your family

Financial problems tend to impact the whole family and enlisting your loved ones’ support can be crucial in turning things around. Even if you take pride in being self-sufficient, keep your family up to date on your financial situation and how they can help you save money.

Let them express their concerns. Your loved ones are probably worried—about both you and the financial stability of your family unit. Listen to their concerns and allow them to offer suggestions on how to resolve the financial problems you’re facing.

Make time for (inexpensive) family fun. Set aside regular time where you can enjoy each other’s company, let off steam, and forget about your financial worries. Walking in the park, playing games, or exercising together doesn’t have to cost money but it can help ease stress and keep the whole family positive.

If you’re struggling to make ends meet, you may think you can ease your stress by leaving bills unopened, avoiding phone calls from creditors, or ignoring bank and credit card statements. But denying the reality of your situation will only make things worse in the long run. The first step to devising a plan to solve your money problems is to detail your income, debt, and spending over the course of at least one month.

A number of websites and smartphone apps can help you keep track of your finances moving forward or you can work backwards by gathering receipts and examining bank and credit card statements. Obviously, some money difficulties are easier to solve than others, but by taking inventory of your finances you’ll have a much clearer idea of where you stand. And as daunting or painful as the process may seem, tracking your finances in detail can also help you start to regain a much-needed sense of control over your situation.

Include every source of income. In addition to any salary, include bonuses, benefits, alimony, child support, or any interest you receive.

Keep track of ALL your spending. When you’re faced with a pile of past-due bills and mounting debt, buying a coffee on the way to work may seem like an irrelevant expense. But seemingly small expenses can mount up over time, so keep track of everything. Understanding exactly how you spend your money is key to budgeting and devising a plan to address your financial problems.

List your debts. Include past-due bills, late fees, and list minimum payments due as well as any money you owe to family or friends.

Identify spending patterns and triggers. Does boredom or a stressful day at work cause you to head to the mall or start online shopping? When the kids are acting out, do you keep them quiet with expensive restaurant or takeout meals, rather than cooking at home ? Once you’re aware of your triggers you can find healthier ways of coping with them than resorting to “retail therapy”.

Look to make small changes. Spending money on things like a morning newspaper, lunchtime sandwich, or break-time cigarettes can add up to a significant monthly outlay. While it may be unreasonable to deny yourself every small pleasure, cutting down on nonessential spending and finding small ways to reduce your daily expenditure can really help to free up extra cash to pay off bills.

Eliminate impulse spending. Ever seen something online or in a shop window that you just had to buy? Impulsive buying can wreck your budget and max out your credit cards. To break the habit, try making a rule that you’ll wait a week before making any new purchase.

Go easy on yourself. As you review your debt and spending habits, remember that anyone can get into financial difficulties, especially at times like this . Don’t use this as an excuse to punish yourself for any perceived financial mistakes. Give yourself a break and focus on the aspects you can control as you look to move forward.

When your financial problems go beyond money

Sometimes, the causes for your financial difficulties may lie elsewhere. For example, money troubles can stem from problem gambling , fraud abuse , or a mental health issue, such as overspending during a bipolar manic episode .

To prevent the same financial problems recurring, it’s imperative you address both the underlying issue and the money troubles it’s created in your life.

Just as financial stress can be caused by a wide range of different money problems, so there are an equally wide range of possible solutions. The plan to address your specific problem could be to live within a tighter budget, lower the interest rate on your credit card debt, curb your online spending, seek government benefits, declare bankruptcy, or to find a new job or additional source of income.

If you’ve taken inventory of your financial situation, eliminated discretionary and impulse spending, and your outgoings still exceed your income, there are essentially three choices open to you: increase your income, lower your spending, or both. How you go about achieving any of those goals will require making a plan and following through on it.

• Identify your financial problem. Having taken inventory, you should be able to clearly identify the financial problem you’re facing. It may be that you have too much credit card debt, not enough income, or you overspend on unnecessary purchases when you feel stressed or anxious. Or perhaps, it’s a combination of problems. Make a separate plan for each one.
• Devise a solution. Brainstorm ideas with your family or a trusted friend, or consult a free financial counseling service. You may decide that talking to credit card companies and requesting a lower interest rate would help solve your problem. Or maybe you need to restructure your debt, eliminate your car payment, downsize your home, or talk to your boss about working overtime.
• Put your plan into action. Be specific about how you can follow through on the solutions you’ve devised. Perhaps that means cutting up credit cards, networking for a new job , registering at a local food bank, or selling things on eBay to pay off bills, for example.
• Monitor your progress. As we’ve all experienced recently, events that impact your financial health can happen quickly, so it’s important to regularly review your plan. Are some aspects working better than others? Do changes in interest rates, your monthly expenses, or your hourly wage, for example, mean you should revise your plan?
• Don’t get derailed by setbacks. We’re all human and no matter how tight your plan, you may stray from your goal or something unexpected could happen to derail you. Don’t beat yourself up, but get back on track as soon as possible.

The more detailed you can make your plan, the less powerless you’ll feel over your financial situation.

Whatever your plan to relieve your financial problems, setting and following a monthly budget can help keep you on track and regain your sense of control.

• Include everyday expenses in your budget, such as groceries and the cost of traveling to work, as well as monthly rent, mortgage, and utility bills.
• For items that you pay annually, such as car insurance or property tax, divide them by 12 so you can set aside money each month.
• If possible, try to factor in unexpected expenses, such as a medical co-pay or prescription charge if you fall sick, or the cost of home or car repairs.
• Set up automatic payments wherever possible to help ensure bills are paid on time and you avoid late payments and interest rate hikes.
• Prioritize your spending. If you’re having trouble covering your expenses each month, it can help to prioritize where your money goes first. For example, feeding and housing yourself and your family and keeping the power on are necessities. Paying your credit card isn’t—even if you’re behind on your payments and have debt collection companies harassing you.
• Keep looking for ways to save money. Most of us can find something in our budget that we can eliminate to help make ends meet. Regularly review your budget and look for ways to trim expenses.
• Enlist support from your spouse, partner, or kids. Make sure everyone in your household is pulling in the same direction and understands the financial goals you’re working towards.

Resolving financial problems tends to involve small steps that reap rewards over time. In the current economic climate, it’s unlikely your financial difficulties will disappear overnight. But that doesn’t mean you can’t take steps right away to ease your stress levels and find the energy and peace of mind to better deal with challenges in the long-term.

[Read: Stress Management]

Get moving. Even a little regular exercise can help ease stress, boost your mood and energy, and improve your self-esteem. Aim for 30 minutes on most days, broken up into short 10-minute bursts if that’s easier.

Practice a relaxation technique. Take time to relax each day and give your mind a break from the constant worrying. Meditating , breathing exercises, or other relaxation techniques are excellent ways to relieve stress and restore some balance to your life.

Don’t skimp on sleep. Feeling tired will only increase your stress and negative thought patterns. Finding ways to improve your sleep during this difficult time will help both your mind and body.

Boost your self-esteem. Rightly or wrongly, experiencing financial problems can cause you to feel like a failure and impact your self-esteem. But there are plenty of other, more rewarding ways to improve your sense of self-worth. Even when you’re struggling yourself, helping others by volunteering can increase your confidence and ease stress, anger, and anxiety—not to mention aid a worthy cause. Or you could spend time in nature, learn a new skill, or enjoy the company of people who appreciate you for who you are, rather than for your bank balance.

Eat healthy food. A healthy diet rich in fruit, vegetables, and omega-3s can help support your mood and improve your energy and outlook. And you don’t have to spend a fortune; there are ways to eat well on a budget .

Be grateful for the good things in your life. When you’re plagued by money worries and financial uncertainty , it’s easy to focus all your attention on the negatives. While you don’t have to ignore reality and pretend everything’s fine, you can take a moment to appreciate a close relationship, the beauty of a sunset, or the love of a pet, for example. It can give your mind a break from the constant worrying, help boost your mood, and ease your stress.

Find financial resources

Find  U.S. Government Services and Information  including  How to Get Out of Debt ,  Unemployment Help , and  Getting Help with Living Expenses . Or call 1-844-872-4681. (USA gov)

Get help with debt and housing problems from  Citizens Advice , contact a free debt service at  National Debtline  or  Stepchange , or seek free financial advice from the government’s  Money Advice Service .

Find  Government Services , get free  Financial Counselling  or call the  National Debt Helpline  at 1800 007 007.

Find government services and information for  Managing Debt  and  Benefits .

More Information

• Managing Job Loss and Financial Stress - Helping yourself and your family cope with stress and financial worries following job loss. (University of Hawaii)
• Managing Debt - Steps you can take to deal with debt. (Federal Trade Commission)
• Managing money and budgeting - Tips for creating a family budget. (raisingchildren.net.au)
• Make a Budget - Simple worksheet to help you create a budget. (Federal Trade Commission)
• Money Stress Weighing on Americans’ Health - Details of the 2015 Stress in America: Paying with Our Health survey from the American Psychological Association. (APA)
• Trauma- and Stressor-Related Disorders. (2013). In Diagnostic and Statistical Manual of Mental Disorders . American Psychiatric Association. Link
• Inc, Gallup. “The U.S. Healthcare Cost Crisis.” Gallup.com. Accessed November 16, 2021. Link
• Anderson, Norman B, Cynthia D Belar, Steven J Breckler, Katherine C Nordal, David W Ballard, Lynn F Bufka, Luana Bossolo, Sophie Bethune, Angel Brownawell, and Katelynn Wiggins. Stress in America: Paying with our Health. “AMERICAN PSYCHOLOGICAL ASSOCIATION,” n.d., 23. Link
• Ramsey Solutions. “Money, Marriage, and Communication.” Accessed November 16, 2021. Link
• “At What Costs? Student Loan Debt, Debt Stress, and Racially/Ethnically Diverse College Students’ Perceived Health. – PsycNET.” Accessed November 16, 2021. Link
• Richardson, Thomas, Peter Elliott, and Ronald Roberts. “The Relationship between Personal Unsecured Debt and Mental and Physical Health: A Systematic Review and Meta-Analysis.” Clinical Psychology Review 33, no. 8 (December 1, 2013): 1148–62. Link
• Warth, Jacqueline, Marie-Therese Puth, Judith Tillmann, Johannes Porz, Ulrike Zier, Klaus Weckbecker, and Eva Münster. “Over-Indebtedness and Its Association with Sleep and Sleep Medication Use.” BMC Public Health 19, no. 1 (July 17, 2019): 957. Link
• Saleh, Dalia, Nathalie Camart, Fouad Sbeira, and Lucia Romo. “Can We Learn to Manage Stress? A Randomized Controlled Trial Carried out on University Students.” PLOS ONE 13, no. 9 (September 5, 2018): e0200997. Link
• “Stress, Social Support, and the Buffering Hypothesis. – PsycNET.” Accessed November 15, 2021. Link
• Salmon, P. “Effects of Physical Exercise on Anxiety, Depression, and Sensitivity to Stress: A Unifying Theory.” Clinical Psychology Review 21, no. 1 (February 2001): 33–61. Link
• Toussaint, Loren, Quang Anh Nguyen, Claire Roettger, Kiara Dixon, Martin Offenbächer, Niko Kohls, Jameson Hirsch, and Fuschia Sirois. “Effectiveness of Progressive Muscle Relaxation, Deep Breathing, and Guided Imagery in Promoting Psychological and Physiological States of Relaxation.” Evidence-Based Complementary and Alternative Medicine 2021 (July 3, 2021): e5924040. Link

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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.

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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5 simple steps to resolve money problems.

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Photocredit: Getty

Money problems can take many forms.

You might be swamped with debt, struggling to save or pay for college for your kids or worried about outliving your resources in retirement. (Retirement?—what retirement?)

Maybe you’re confused by a bewildering array of options and so you do nothing, which just adds to your stress and deepens the hole you find yourself in.

But money problems are just itching for solutions, if you have the foundation, courage and focus to make changes.

By foundation, I mean the basic knowledge you need to understand how to make financial decisions that move you toward the life you value.

If your first reaction is whoa—I don’t know much about the fine points of money—you’re not alone. Here’s a quiz to give you a quick idea of how firm your financial foundation is right now.

Answer each with either TRUE or FALSE:

1. Spending more than I can afford (adding to debt) reduces my financial well-being. ___

2. The more debt I carry, the more difficult it is to save. _____

3. Spending on things I do not truly value is likely to lead me into trouble. ___

4. Having a liquid emergency fund is prudent for unexpected expenses or situations, like a major home repair or losing my job. _____

5. Investing in risky assets is a dangerous strategy for money I’ll need in the short-term. ___

6. Protecting my most valuable assets (health, family, property) is important. ____

7. I should have a Will and Powers of Attorney in case I die or become incapacitated. ____

8. Filing my taxes on time is important. _____

9. My portfolio should support my situation and future plans as well as my risk tolerance and time horizon. ____

If you answered TRUE to these questions, your foundation is on its way. If you answered FALSE to any of these questions, send me an email with your thoughts.

You can hire someone to help you with the foundation ( here’s a list of fee only financial planners ), or you can educate yourself on the fundamentals.

But once you have that firm foundation, you can follow these five steps to work your way out of money problems.

Define the problem—you can’t solve what you don’t acknowledge. What’s happening that’s causing you financial difficulties, stress and worry? Writing it down will help bring clarity (and stop that endless loop going on in your head).

Know what you don’t know. Identify and sort through what you know from what you don’t. For example, you might know that you’ve got $10,000 in credit card debt, but you’re not sure the best way to dig yourself out.

Explore resources. Whether you hire a professional to help you or commit to learning from books, courses and articles from trusted sources, find the answers and/or solutions to what you don’t know.

Create an action plan. Write it down and put it where you can’t avoid seeing it every day. If you don’t act on your goals and plan, nothing changes.

Track your progress. Measure your headway, celebrate your wins, and make adjustments or course corrections, as you need them.

These steps aren’t complicated, but they require your personal resolve, courage, to keep on track. Missteps and challenges are not fatal. They test your desire to reach your goals—the best thing you can do with a mistake is learn from it.

Your resilience and support from your personal and professional team will get you through those moments of doubt or mistakes.

Given how complicated life is, keeping your focus on a simple, direct and clear action plan is your best ally to success.

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Money Problems Maths

Here we will learn about money problems maths, including looking at a variety of money word problems and how to solve them.

There are also money problems maths worksheets based on Edexcel, AQA and OCR exam questions, along with further guidance on where to go next if you’re still stuck.

What are money problems?

Money problems are the name given to a range of problems which involve money. It may also be known as financial maths.

We will explore different types of money problems that can be used in lots of different situations. 

For the purposes of these examples we will use Pound Sterling.

£1 is made of 100 pence (or 100p ).

Pounds can be written as pence, for example £3.15 can be written as 315p.

Pence can be written as pounds, for example 27p can be written as £0.27.

UK coins are 1p, 2p, 5p, 10p, 20p, £1 and £2. 

The UK notes are £5, £10, £20 and £50.

How to work out money problems

In order to solve money problems in maths:

Read the question carefully and work out how to solve the word problem.

Calculate the solution.

Write the answer with the correct units.

Explain how to work out money problems

Money problem maths worksheet

Get your free money problem maths worksheet of 20+ questions and answers. Includes reasoning and applied questions.

Related lessons on arithmetic

Money problems maths is part of our series of lessons to support revision on arithmetic . You may find it helpful to start with the main arithmetic lesson for a summary of what to expect, or use the step by step guides below for further detail on individual topics. Other lessons in this series include:

• BIDMAS  
• Calculator skills

Money problem maths examples

Example 1: shopping.

A chocolate bar costs 45p and a bottle of lemonade costs £1.20.

Frankie buys 3 bars of chocolate and 2 bottles of lemonade.

She pays with a £5 note.

Work out how much change Frankie gets.

We need to find the total cost of 3 chocolate bars and 2 bottles of lemonade. Then subtract from £5 to find the change. But first we need to change 45p into £0.45.

2 Calculate the solution.

The total cost is,

Then we need to find the change,

5-3.75=1.25 .

3 Write the answer with the correct units.

Frankie’s change is £1.25.

Example 2: ratio

Ali and Ben share some money in the ratio of 4:7. If Ben receives £10.50 more than Ali, work out the amount of money Ali receives.

We have been given the difference in the amount of money Ali and Ben receive.

Looking at the ratio, the difference in parts is 3 parts, 

We can divide the difference by 3 and find the size of each part. Then we can work out how much money Ali gets.

One part is

10.50\div 3=3.50.

Ali gets four parts,

3.50\times 4=14.

Ali receives £14.

Note that Ben receives £24.50, so £10.50 more, and the total money shared was £38.50.

Example 3: fractions

A laptop costs £350. A sale offers \frac{1}{5} off the price. Calculate the sale price of the laptop.

We have to find one fifth of the cost, and subtract it.

First we find the fraction of the amount.

350\div 5 = 70.

So \frac{1}{5} of 350=70.

Then we subtract this from the original price,

350-70=280.

The new price of the laptop is £280.

Example 4: percentage increase

A railcard costs £430. The price is going up by 23\%. Calculate the new price of the railcard.

We need to find 23\% of the amount and add it on.

Therefore 23\% will be

(2\times 43)+(3\times 4.30)=86+12.90=98.90.

Because the question wants an increase, we add this to the original amount.

430+98.90=528.90

The final answer for the new price of the rail card is £528.90.

Alternatively you could use a multiplier,

430\times 1.23=528.90.

Example 5: best buy

Cereal can be bought in two different ways.

A small box contains 200g and costs 89p.

A large box contains 700g and costs £3.45.

Find which box is the best value for money.

There are several ways we can find out which cereal box gives the best value for money. We could work out grams per pence by dividing the mass by the price.

First we need to make sure both prices are in the same units. Let’s change the £3.45 into 345p.

Small box – grams per pence,

200\div 89=2.24719…

Large box – grams per pence,

700\div 345=2.02898…

2.24719… grams per pence is greater than 2.02898… grams per pence. This means that when you buy the small box, you get more cereal per penny you spend.

Therefore the small box is better value for money.

Example 6: exchange rates

Sofia went to Portugal. She changed £160 into euros (€).

The exchange rate was £1 = €1.17.

How many euros did Sofia receive?

We need to use the exchange rate and multiply the amount in pounds to get the amount in euros.

The solution is €187.20.

Common misconceptions

• Use two decimal places for pence

You might be asked to leave your answer in terms of pounds and pence. If your answer is 3.4, write it as £3.40, using two decimal places to represent the pence part.

• Subtracting from \bf{£5, \ £10} and so on

Finding the change from paying with notes can be tricky if you are not using a calculator because of the zeros involved. You may wish to use a number line instead and count on. For example, finding the change from £10 for a 3.72 shopping bill.

Practice money problems maths questions

1. A bottle of cola costs £1.35 and a bag of crisps costs 70p. Lamia buys 3 bottles of cola and 5 bags of crisps. She pays with a £10 note. Calculate the change Lamia gets.

70p written as pounds is £0.70. The total cost is

The change can be found by subtracting the total cost from 10,

The change is £2.45.

2. Sharon and Tania share a bill in the ratio of 5:3. If Tania pays £38 less than Sharon, what is the total amount of the bill?

The difference in the ratio parts is

The difference is £38, since this is equivalent to two parts it is divided by 2.

One part is £19.

The total number of parts is

Therefore the total amount of money for the bill is

3. A coat costs £60. A sale offers \frac{1}{4} off the price. Calculate the sale price of the coat.

We can find the fraction of the amount and then take it away from the original price.

The sale price of the coat is £45.

4. A football season ticket costs £970. The price is being reduced by 15\%. Find the new price of the football season ticket.

We can find 15\% of £970, and then, because the price is decreasing, we can subtract it from the original price.

Therefore 15\% is

The new price will be

5. A large box of washing powder costs £4.85 for 950g.

A small box costs 55p for 100g.

Work out which box gives better value for money.

Large box, as 1.958 grams per pence is better value than 1.818 grams per pence.

Large box, as 0.51 grams per pence is better value than 0.55 grams per pence.

Small box, as 1.818 grams per pence is better value than 1.958 grams per pence.

Small box, as 0.51 grams per pence is better value than 0.55 grams per pence.

There are different ways to work out the best value. One way is to calculate grams per pence and see which gives the highest value.

Large box grams per pence,

Small box grams per pence,

The large box gives a greater amount of grams per pence, so is better value.

6. Ranjeev goes to Australia. He changes £325 into Australian dollars (\$). The exchange rate is £1 = \$1.74. Exchange £325 into Australian dollars.

As we are converting pounds to dollars, we need to multiply by the exchange rate.

Money problems maths GCSE questions

1. 2 apples and 3 bananas cost £1.40.

5 apples cost 95p.

Work out the cost of 3 apples and 4 bananas.

Give your answer in pounds and pence.

2. Mike is going shopping for clothes for a new job. He has £150 to spend.

He buys 3 pairs of trousers for £29 each. He sees shirts cost £12 each.

Work out the maximum number of shirts Mike could buy.

  So 5 shirts is the most he can buy.

3. Jonathan went to America.

He exchanged £750 into American dollars (\$).

The exchange rate was £1 = \$1.23.

(a) Exchange £750 into American dollars. Give your answer to the nearest 10 dollars.

(b) Jonathan brings \$147 back home.

Exchange \$147 into UK pounds.

Give your answer correct to the nearest pence.

\$922.50 is \$920 to the nearest 10.

Learning checklist

You have now learned how to:

• Solve real world maths problems involving money
• Money problem solving with ratios, fractions and percentages
• Use exchange rates to convert currencies

The next lessons are

• Rounding numbers
• Factors, multiples and primes
• Negative numbers

Still stuck?

Prepare your KS4 students for maths GCSEs success with Third Space Learning. Weekly online one to one GCSE maths revision lessons delivered by expert maths tutors.

Find out more about our GCSE maths tuition programme.

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5 Simple Steps to Resolve Money Problems

Money problems can take many forms..

Posted April 23, 2019

Money problems can take many forms. You might be swamped with debt, struggling to save or pay for college for your kids or worried about outliving your resources in retirement . (Retirement? What retirement?)

Maybe you’re confused by a bewildering array of options and so you do nothing, which just adds to your stress and deepens the hole you find yourself in.

But money problems are just itching for solutions, if you have the foundation, courage and focus to make changes.

By foundation, I mean the basic knowledge you need to understand how to make financial decisions that move you toward the life you value.

If your first reaction is, "Whoa—I don’t know much about the fine points of money," you’re not alone. Here’s a quiz to give you a quick idea of how firm your financial foundation is right now.

Answer each with either TRUE or FALSE:

• Spending more than I can afford (adding to debt) reduces my financial well-being. ___
• The more debt I carry, the more difficult it is to save. _____
• Spending on things I do not truly value is likely to lead me into trouble. ___
• Having a liquid emergency fund is prudent for unexpected expenses or situations, like a major home repair or losing my job. _____
• Investing in risky assets is a dangerous strategy for money I’ll need in the short-term. ___
• Protecting my most valuable assets (health, family, property) is important. ____
• I should have a Will and Powers of Attorney in case I die or become incapacitated. ____
• Filing my taxes on time is important. _____
• My portfolio should support my situation and future plans as well as my risk tolerance and time horizon. ____

If you answered TRUE to these questions, your foundation is on its way. If you answered FALSE to any of these questions, send me an email with your thoughts.

You can hire someone to help you with the foundation ( here’s a list of fee only financial planners), or you can educate yourself on the fundamentals. But once you have that firm foundation, you can follow these five steps to work your way out of money problems.

Define the problem—you can’t solve what you don’t acknowledge. What’s happening that’s causing you financial difficulties, stress and worry? Writing it down will help bring clarity (and stop that endless loop going on in your head).

Know what you don’t know. Identify and sort through what you know from what you don’t. For example, you might know that you’ve got $10,000 in credit card debt, but you’re not sure the best way to dig yourself out.

Explore resources. Whether you hire a professional to help you or commit to learning from books, courses and articles from trusted sources, find the answers and/or solutions to what you don’t know.

Create an action plan. Write it down and put it where you can’t avoid seeing it every day. If you don’t act on your goals and plan, nothing changes.

Track your progress. Measure your headway, celebrate your wins, and make adjustments or course corrections, as you need them.

These steps aren’t complicated, but they require your personal resolve, courage, to keep on track. Missteps and challenges are not fatal. They test your desire to reach your goals—the best thing you can do with a mistake is learn from it.

Your resilience and support from your personal and professional team will get you through those moments of doubt or mistakes.

Given how complicated life is, keeping your focus on a simple, direct and clear action plan is your best ally to success.

Michael F. Kay is a Certified Financial Planner, practitioner and CPA. He is the president of the firm Financial Life Focus.

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9.3: Solve Money Applications

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Learning Objectives

By the end of this section, you will be able to:

• Solve coin word problems
• Solve ticket and stamp word problems

Be Prepared 9.4

Before you get started, take this readiness quiz.

Multiply: 14 ( 0.25 ) . 14 ( 0.25 ) . If you missed this problem, review Example 5.15.

Be Prepared 9.5

Simplify: 100 ( 0.2 + 0.05 n ) . 100 ( 0.2 + 0.05 n ) . If you missed this problem, review Example 7.22.

Be Prepared 9.6

Solve: 0.25 x + 0.10 ( x + 4 ) = 2.5 0.25 x + 0.10 ( x + 4 ) = 2.5 If you missed this problem, review Example 8.44.

Solve Coin Word Problems

Imagine taking a handful of coins from your pocket or purse and placing them on your desk. How would you determine the value of that pile of coins?

If you can form a step-by-step plan for finding the total value of the coins, it will help you as you begin solving coin word problems.

One way to bring some order to the mess of coins would be to separate the coins into stacks according to their value. Quarters would go with quarters, dimes with dimes, nickels with nickels, and so on. To get the total value of all the coins, you would add the total value of each pile.

How would you determine the value of each pile? Think about the dime pile—how much is it worth? If you count the number of dimes, you'll know how many you have—the number of dimes.

But this does not tell you the value of all the dimes. Say you counted 17 17 dimes, how much are they worth? Each dime is worth $0.10 $0.10 —that is the value of one dime. To find the total value of the pile of 17 17 dimes, multiply 17 17 by $0.10 $0.10 to get $1.70 . $1.70 . This is the total value of all 17 17 dimes.

17 · $0.10 = $1.70 number · value = total value 17 · $0.10 = $1.70 number · value = total value

Finding the Total Value for Coins of the Same Type

For coins of the same type, the total value can be found as follows:

number · value = total value number · value = total value

where number is the number of coins, value is the value of each coin, and total value is the total value of all the coins.

You could continue this process for each type of coin, and then you would know the total value of each type of coin. To get the total value of all the coins, add the total value of each type of coin.

Let's look at a specific case. Suppose there are 14 14 quarters, 17 17 dimes, 21 21 nickels, and 39 39 pennies. We'll make a table to organize the information – the type of coin, the number of each, and the value.

The total value of all the coins is $6.64 . Table 9.1 helped us organize all the information. Let's see how this method is used to solve a coin word problem.

Example 9.11

Adalberto has $2.25 $2.25 in dimes and nickels in his pocket. He has nine more nickels than dimes. How many of each type of coin does he have?

Step 1. Read the problem. Make sure you understand all the words and ideas.

• Determine the types of coins involved.

Think about the strategy we used to find the value of the handful of coins. The first thing you need is to notice what types of coins are involved. Adalberto has dimes and nickels.

• Label the columns ‘type’, ‘number’, ‘value’, ‘total value’.
• List the types of coins.
• Write in the value of each type of coin.
• Write in the total value of all the coins.

We can work this problem all in cents or in dollars. Here we will do it in dollars and put in the dollar sign ($) in the table as a reminder.

The value of a dime is $0.10 $0.10 and the value of a nickel is $0.05 . $0.05 . The total value of all the coins is $2.25 . $2.25 .

Step 2. Identify what you are looking for.

• We are asked to find the number of dimes and nickels Adalberto has.

Step 3. Name what you are looking for.

• Use variable expressions to represent the number of each type of coin.
• Multiply the number times the value to get the total value of each type of coin. In this problem you cannot count each type of coin—that is what you are looking for—but you have a clue. There are nine more nickels than dimes. The number of nickels is nine more than the number of dimes. Let d = number of dimes. Let d = number of dimes. d + 9 = number of nickels d + 9 = number of nickels Fill in the “number” column to help get everything organized.

Now we have all the information we need from the problem!

You multiply the number times the value to get the total value of each type of coin. While you do not know the actual number, you do have an expression to represent it.

And so now multiply number · value number · value and write the results in the Total Value column.

Step 4. Translate into an equation . Restate the problem in one sentence. Then translate into an equation.

• Step 5. Solve the equation using good algebra techniques.

Step 6. Check.

12 dimes: 12 ( 0.10 ) = 1.20 21 nickels: 21 ( 0.05 ) = 1.05 _____ $2.25 ✓ 12 dimes: 12 ( 0.10 ) = 1.20 21 nickels: 21 ( 0.05 ) = 1.05 _____ $2.25 ✓

Step 7. Answer the question.

Adalberto has twelve dimes and twenty-one nickels. Adalberto has twelve dimes and twenty-one nickels.

If this were a homework exercise, our work might look like this:

12 dimes 12 ( 0.10 ) = 1.20 21 nickels 21 ( 0.05 ) = 1.05 _____ $2.25 12 dimes 12 ( 0.10 ) = 1.20 21 nickels 21 ( 0.05 ) = 1.05 _____ $2.25

Try It 9.21

Michaela has $2.05 $2.05 in dimes and nickels in her change purse. She has seven more dimes than nickels. How many coins of each type does she have?

Try It 9.22

Liliana has $2.10 $2.10 in nickels and quarters in her backpack. She has 12 12 more nickels than quarters. How many coins of each type does she have?

Solve a coin word problem.

• Step 1. Read the problem. Make sure you understand all the words and ideas, and create a table to organize the information.
• Use variable expressions to represent the number of each type of coin and write them in the table.
• Multiply the number times the value to get the total value of each type of coin.
• Step 4. Translate into an equation. Write the equation by adding the total values of all the types of coins.
• Step 6. Check the answer in the problem and make sure it makes sense.
• Step 7. Answer the question with a complete sentence.

You may find it helpful to put all the numbers into the table to make sure they check.

Example 9.12

Maria has $2.43 $2.43 in quarters and pennies in her wallet. She has twice as many pennies as quarters. How many coins of each type does she have?

Step 1. Read the problem.

• Determine the types of coins involved. We know that Maria has quarters and pennies.
• Label the columns type, number, value, total value.

We are looking for the number of quarters and pennies. We are looking for the number of quarters and pennies.

Step 3. Name: Represent the number of quarters and pennies using variables.

We know Maria has twice as many pennies as quarters. The number of pennies is defined in terms of quarters. We know Maria has twice as many pennies as quarters. The number of pennies is defined in terms of quarters.

Let q represent the number of quarters. Let q represent the number of quarters.

Then the number of pennies is 2 q . Then the number of pennies is 2 q .

Multiply the ‘number’ and the ‘value’ to get the ‘total value’ of each type of coin.

Step 4. Translate. Write the equation by adding the 'total value’ of all the types of coins.

Step 5. Solve the equation.

Step 6. Check the answer in the problem.

Maria has 9 9 quarters and 18 18 pennies. Does this make $2.43 ? $2.43 ?

9 quarters 9 ( 0.25 ) = 2.25 18 pennies 18 ( 0.01 ) = 0.18 _____ Total $2.43 ✓ 9 quarters 9 ( 0.25 ) = 2.25 18 pennies 18 ( 0.01 ) = 0.18 _____ Total $2.43 ✓

Step 7. Answer the question. Maria has nine quarters and eighteen pennies.

Try It 9.23

Sumanta has $4.20 $4.20 in nickels and dimes in her desk drawer. She has twice as many nickels as dimes. How many coins of each type does she have?

Try It 9.24

Alison has three times as many dimes as quarters in her purse. She has $9.35 $9.35 altogether. How many coins of each type does she have?

In the next example, we'll show only the completed table—make sure you understand how to fill it in step by step.

Example 9.13

Danny has $2.14 $2.14 worth of pennies and nickels in his piggy bank. The number of nickels is two more than ten times the number of pennies. How many nickels and how many pennies does Danny have?

Multiply the number and the value to get the total value of each type of coin.

Step 4. Translate: Write the equation by adding the total value of all the types of coins.

Step 6. Check. Is the total value of 4 4 pennies and 42 42 nickels equal to $2.14 ? $2.14 ?

4 ( 0.01 ) + 42 ( 0.05 ) = ? 2.14 2.14 = 2.14 ✓ 4 ( 0.01 ) + 42 ( 0.05 ) = ? 2.14 2.14 = 2.14 ✓

Step 7. Answer the question. Danny has 4 4 pennies and 42 42 nickels.

Try It 9.25

Jesse has $6.55 $6.55 worth of quarters and nickels in his pocket. The number of nickels is five more than two times the number of quarters. How many nickels and how many quarters does Jesse have?

Try It 9.26

Elaine has $7.00 $7.00 in dimes and nickels in her coin jar. The number of dimes that Elaine has is seven less than three times the number of nickels. How many of each coin does Elaine have?

Solve Ticket and Stamp Word Problems

The strategies we used for coin problems can be easily applied to some other kinds of problems too. Problems involving tickets or stamps are very similar to coin problems, for example. Like coins, tickets and stamps have different values; so we can organize the information in tables much like we did for coin problems.

Example 9.14

At a school concert, the total value of tickets sold was $1,506 . $1,506 . Student tickets sold for $6 $6 each and adult tickets sold for $9 $9 each. The number of adult tickets sold was 5 5 less than three times the number of student tickets sold. How many student tickets and how many adult tickets were sold?

Step 1: Read the problem.

• Determine the types of tickets involved. There are student tickets and adult tickets.
• Create a table to organize the information.

We are looking for the number of student and adult tickets. We are looking for the number of student and adult tickets.

Step 3. Name. Represent the number of each type of ticket using variables.

We know the number of adult tickets sold was 5 less than three times the number of student tickets sold. We know the number of adult tickets sold was 5 less than three times the number of student tickets sold.

Let s be the number of student tickets. Let s be the number of student tickets.

Then 3 s − 5 is the number of adult tickets. Then 3 s − 5 is the number of adult tickets.

Multiply the number times the value to get the total value of each type of ticket. Multiply the number times the value to get the total value of each type of ticket.

Step 4. Translate: Write the equation by adding the total values of each type of ticket.

6 s + 9 ( 3 s − 5 ) = 1506 6 s + 9 ( 3 s − 5 ) = 1506

6 s + 27 s − 45 = 1506 33 s − 45 = 1506 33 s = 1551 s = 47 students 6 s + 27 s − 45 = 1506 33 s − 45 = 1506 33 s = 1551 s = 47 students

Substitute to find the number of adults.

Step 6. Check. There were 47 47 student tickets at $6 $6 each and 136 136 adult tickets at $9 $9 each. Is the total value $1506 ? $1506 ? We find the total value of each type of ticket by multiplying the number of tickets times its value; we then add to get the total value of all the tickets sold.

47 · 6 = 282 136 · 9 = 1224 _____ 1506 ✓ 47 · 6 = 282 136 · 9 = 1224 _____ 1506 ✓

Step 7. Answer the question. They sold 47 47 student tickets and 136 136 adult tickets.

Try It 9.27

The first day of a water polo tournament, the total value of tickets sold was $17,610 . $17,610 . One-day passes sold for $20 $20 and tournament passes sold for $30 . $30 . The number of tournament passes sold was 37 37 more than the number of day passes sold. How many day passes and how many tournament passes were sold?

Try It 9.28

At the movie theater, the total value of tickets sold was $2,612.50 . $2,612.50 . Adult tickets sold for $10 $10 each and senior/child tickets sold for $7.50 $7.50 each. The number of senior/child tickets sold was 25 25 less than twice the number of adult tickets sold. How many senior/child tickets and how many adult tickets were sold?

Now we'll do one where we fill in the table all at once.

Example 9.15

Monica paid $10.44 $10.44 for stamps she needed to mail the invitations to her sister's baby shower. The number of 49-cent 49-cent stamps was four more than twice the number of 8-cent 8-cent stamps. How many 49-cent 49-cent stamps and how many 8-cent 8-cent stamps did Monica buy?

The type of stamps are 49-cent 49-cent stamps and 8-cent 8-cent stamps. Their names also give the value.

“The number of 49 49 cent stamps was four more than twice the number of 8 8 cent stamps.”

Let x = number of 8-cent stamps 2 x + 4 = number of 49-cent stamps Let x = number of 8-cent stamps 2 x + 4 = number of 49-cent stamps

Monica bought eight 8-cent 8-cent stamps and twenty 49-cent 49-cent stamps.

Try It 9.29

Eric paid $16.64 $16.64 for stamps so he could mail thank you notes for his wedding gifts. The number of 49-cent 49-cent stamps was eight more than twice the number of 8-cent 8-cent stamps. How many 49-cent 49-cent stamps and how many 8-cent 8-cent stamps did Eric buy?

Try It 9.30

Kailee paid $14.84 $14.84 for stamps. The number of 49-cent 49-cent stamps was four less than three times the number of 21-cent 21-cent stamps. How many 49-cent 49-cent stamps and how many 21-cent 21-cent stamps did Kailee buy?

Section 9.2 Exercises

Practice makes perfect.

In the following exercises, solve the coin word problems.

Jaime has $2.60 $2.60 in dimes and nickels. The number of dimes is 14 14 more than the number of nickels. How many of each coin does he have?

Lee has $1.75 $1.75 in dimes and nickels. The number of nickels is 11 11 more than the number of dimes. How many of each coin does he have?

Ngo has a collection of dimes and quarters with a total value of $3.50 . $3.50 . The number of dimes is 7 7 more than the number of quarters. How many of each coin does he have?

Connor has a collection of dimes and quarters with a total value of $6.30 . $6.30 . The number of dimes is 14 14 more than the number of quarters. How many of each coin does he have?

Carolyn has $2.55 $2.55 in her purse in nickels and dimes. The number of nickels is 9 9 less than three times the number of dimes. Find the number of each type of coin.

Julio has $2.75 $2.75 in his pocket in nickels and dimes. The number of dimes is 10 10 less than twice the number of nickels. Find the number of each type of coin.

Chi has $11.30 $11.30 in dimes and quarters. The number of dimes is 3 3 more than three times the number of quarters. How many dimes and nickels does Chi have?

Tyler has $9.70 $9.70 in dimes and quarters. The number of quarters is 8 8 more than four times the number of dimes. How many of each coin does he have?

A cash box of $1 $1 and $5 $5 bills is worth $45 . $45 . The number of $1 $1 bills is 3 3 more than the number of $5 $5 bills. How many of each bill does it contain?

Joe's wallet contains $1 $1 and $5 $5 bills worth $47 . $47 . The number of $1 $1 bills is 5 5 more than the number of $5 $5 bills. How many of each bill does he have?

In a cash drawer there is $125 $125 in $5 $5 and $10 $10 bills. The number of $10 $10 bills is twice the number of $5 $5 bills. How many of each are in the drawer?

John has $175 $175 in $5 $5 and $10 $10 bills in his drawer. The number of $5 $5 bills is three times the number of $10 $10 bills. How many of each are in the drawer?

Mukul has $3.75 $3.75 in quarters, dimes and nickels in his pocket. He has five more dimes than quarters and nine more nickels than quarters. How many of each coin are in his pocket?

Vina has $4.70 $4.70 in quarters, dimes and nickels in her purse. She has eight more dimes than quarters and six more nickels than quarters. How many of each coin are in her purse?

In the following exercises, solve the ticket and stamp word problems.

The play took in $550 $550 one night. The number of $8 adult tickets was 10 10 less than twice the number of $5 $5 child tickets. How many of each ticket were sold?

If the number of $8 $8 child tickets is seventeen less than three times the number of $12 $12 adult tickets and the theater took in $584 , $584 , how many of each ticket were sold?

The movie theater took in $1,220 $1,220 one Monday night. The number of $7 $7 child tickets was ten more than twice the number of $9 $9 adult tickets. How many of each were sold?

The ball game took in $1,340 $1,340 one Saturday. The number of $12 $12 adult tickets was 15 15 more than twice the number of $5 $5 child tickets. How many of each were sold?

Julie went to the post office and bought both $0.49 $0.49 stamps and $0.34 $0.34 postcards for her office's bills She spent $62.60 . $62.60 . The number of stamps was 20 20 more than twice the number of postcards. How many of each did she buy?

Before he left for college out of state, Jason went to the post office and bought both $0.49 $0.49 stamps and $0.34 $0.34 postcards and spent $12.52 . $12.52 . The number of stamps was 4 4 more than twice the number of postcards. How many of each did he buy?

Maria spent $16.80 $16.80 at the post office. She bought three times as many $0.49 $0.49 stamps as $0.21 $0.21 stamps. How many of each did she buy?

Hector spent $43.40 $43.40 at the post office. He bought four times as many $0.49 $0.49 stamps as $0.21 $0.21 stamps. How many of each did he buy?

Hilda has $210 $210 worth of $10 $10 and $12 $12 stock shares. The numbers of $10 $10 shares is 5 5 more than twice the number of $12 $12 shares. How many of each does she have?

Mario invested $475 $475 in $45 $45 and $25 $25 stock shares. The number of $25 $25 shares was 5 5 less than three times the number of $45 $45 shares. How many of each type of share did he buy?

Everyday Math

Parent Volunteer As the treasurer of her daughter's Girl Scout troop, Laney collected money for some girls and adults to go to a 3-day 3-day camp. Each girl paid $75 $75 and each adult paid $30 . $30 . The total amount of money collected for camp was $765 . $765 . If the number of girls is three times the number of adults, how many girls and how many adults paid for camp?

Parent Volunteer Laurie was completing the treasurer's report for her son's Boy Scout troop at the end of the school year. She didn't remember how many boys had paid the $24 $24 full-year registration fee and how many had paid a $16 $16 partial-year fee. She knew that the number of boys who paid for a full-year was ten more than the number who paid for a partial-year. If $400 $400 was collected for all the registrations, how many boys had paid the full-year fee and how many had paid the partial-year fee?

Writing Exercises

Suppose you have 6 6 quarters, 9 9 dimes, and 4 4 pennies. Explain how you find the total value of all the coins.

Do you find it helpful to use a table when solving coin problems? Why or why not?

In the table used to solve coin problems, one column is labeled “number” and another column is labeled ‘“value.” What is the difference between the number and the value?

What similarities and differences did you see between solving the coin problems and the ticket and stamp problems?

ⓐ After completing the exercises, use this checklist to evaluate your mastery of the objectives of this section.

ⓑ After reviewing this checklist, what will you do to become confident for all objectives?

Problem Solving with Money

Problem Solving With Money Word Problems

This is another free resource for teachers from The Curriculum Corner.

Looking to help your students learn to solve word problems with money?

This math problem solving skill can be practiced with this set of resources.

Math Problem Solving Strategies

This is one in a series of resources to help you focus on specific problem solving strategies in the classroom.

Within this download, we are offering you a range of word problems for practice.

Each page provided contains a single problem solving word problem.

Below each story problem you will find a set of four steps for students to follow when finding the answer.

This set will focus on the draw a picture strategy for math problem solving.

What are the 4 problem solving steps?

After carefully reading the problem, students will:

• Step 1:  Circle the math words.
• Step 2:  Ask yourself: Do I understand the problem?
• Step 3:  Solve the problem using words and pictures below.
• Step 4:  Share the answer along with explaining why the answer makes sense.

These word problems involve addition and subtraction (with and without regrouping) of money amounts. 

Meets second and third grade common core standards. 

Students can use coin manipulatives, money stamps, drawing pictures or using number sentences to solve various problems. 

These money word problems address the following math standards:

• Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately.
• Fluently add and subtract within 100 using strategies based on place value, properties of operations, and/or the relationship between addition and subtraction.
• Add and subtract within 1000, using concrete models or drawings and strategies based on place value, properties of operations, and/or the relationship between addition and subtraction; relate the strategy to a written method. Understand that in adding or subtracting three-digit numbers, one adds or subtracts hundreds and hundreds, tens and tens, ones and ones; and sometimes it is necessary to compose or decompose tens or hundreds.
• 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.

The problems include the following selections:

• Ice Cream Truck – addition of two amounts under $1.00 with regrouping
• Pinata – addition of two amounts over $1.00 with regrouping
• Daisies – addition of two amounts over $1.00 without regrouping
• Birthday – addition of three amounts with regrouping
• Family Camping Trip – addition of three whole dollar amounts, logical reasoning
• Bike Rental – addition of three whole dollar amounts, counting by fives
• Baseball – subtraction of money amounts without regrouping
• Dollhouse – subtraction of money amounts with regrouping
• A New Dog Leash – subtaction of money amounts across zeros
• The Birthday Present – mental math addition, subtraction of money amounts across zeros

You can download these free set of money word problems here:

Problem Solving

You might also be interested in the following free resources:

• Addition & Subtraction Word Problem Strategies
• Fall Problem Solving
• Winter Problem Solving
• Spring Problem Solving
• Summer Problem Solving

As with all of our resources, The Curriculum Corner creates these for free classroom use. Our products may not be sold. You may print and copy for your personal classroom use. These are also great for home school families!

You may not modify and resell in any form. Please let us know if you have any questions.

Angela Ware

Sunday 30th of August 2015

The money word problems are great! I like how each sheet ask the student to do something as they solve the problem. Thank you for sharing!

Sunday 23rd of February 2014

I am always looking for 'one more sheet' to help with math practice. These are perfect. Thank you for your continuous efforts and talents to provide meaningful work & information. It is very much appreciated.

Monday 20th of January 2014

These money story problems are awesome! Thank you!

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Problem solving with money, lesson plan, grade levels, course, subject.

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Place value

Students will solve money problems with two-digit numbers.

Lesson Essential Question(s)

Essential Question: How can expressions,equations,and inequalities be used to quantify,solve,model and/or analyze mathematical situations?

Essential Questions: ow is mathematics used to quantify,compare represent,and model numbers?

Mathematical relationships can be represented as expressions,equations,and inequalities in mathematical situations.

Mathematica; relationships among numbers can be represented, compared and communicated.

45 to 60 minutes ( 1-2 class periods)

Making Change 1 SAS Problem Solving.docx Making Change 2 SAS Problem Solving.docx Making Change 3 SAS Problem Solving.docx Making Change 4 SAS Problem Solving.docx Making Change 5 SAS Problem Solving.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx Ticket into math SAS Problem Solving.docx Ticket Out the Door SAS Problem Solving.docx

Chart Paper

Suggested Instructional Strategies

Instructional procedures.

             In today's lesson, we are going to solve money word problems.

• Introduce "Ticket Into Math" (Formative Assessment 1) I want to know what you know about making change. Please complete this Ticket Into Math independently.
• Once students complete the ticket quickly look over to determine students understanding of money.
• Discussion questions: Have students turn and talk to their partner.
• Whisper to your partner and discuss what you noticed about the ticket into math. Share what strategy you used to solve the money problem. Allow students one minute to talk then choose a few partners to share out to the class.
• Lead the discussion and discuss different strategies that students chose. Record strategies on chart paper. Once students are finished talking move to the activity.
• Display Making Change Sheet 1
• Joey has 50 cents. He bought a pencil for twenty-five cents. How much money does he have left?
• Turn and talk to your partner and tell them if this is an adding or subtraction problem?
• Thumbs up if you think it is an addition problem. Thumbs up if you think it is a subtraction problem.
• Yes it is a subtraction problem because Joey has some money and then some of his money goes away. 
• What is one strategy we could use to determine how much Joey has left? Generate a response from a student. Potential responses should include counting up from the cost of the pencil to how much money he has, or a 2 digit subtraction problem. Some students may say they just knew the answer. If this is the case have them explain their reasoning.

I want to share strategies that will help you remember the steps to problem solve. Display Strategy Document. These steps will help you as you solve the problem.

Read the strategies . 1.   Read the entire problem. 2.  Circle the numbers that you see. 3. Box the math words  4.  Underline what they are asking you to do 5. Decide what  kind of problem(addition or subtraction) 6. solve the problem.

Display Making Change Sheet 2

• Step 1 Read the entire problem.
• Anna earned three dollars and fifty cents for helping her mom pull weeds. She bought an icecream for forty-three cents. How much money does she have left?
• Step 2 Circle the numbers
• Sometimes numbers are written and not numerals. You should circle either way.
• Step 3 Box the Math Words
• We want to box the math words because they will help us figure out the problem.  For this problem we will box dollars, bought and money.
• Step 4 Underline what you are supposed to do
• Underline the sentence How much money does she have left?
• Step 5 Decide what kind of problem (subtraction)
• Step 6 Solve the problem
• Set up the math problem  vertically $3.50-.43 =
• Share Steps to Subtract Document
• Look at the ones place. (point to the ones place) Is the bigger number on top? No so we need to take one ten away from the tens place and move it to the ones place. Cross out the five and make it a 4 and place a 1 in the ones place. Now look at the ones place. Is the bigger number on top? Yes so you can subtract. 10-3 = 7   4-4 =0 bring down the three. The answer is $3.07.
• Pass out Making Change Sheet 3 (formative assessment)
• Follow the strategy steps and solve Making Change Sheet 3 independently.  Walk around the room while the students are working to support where needed. Use the formative assessment to group next activity. Struggling students should be taught in small group using Making Change sheet 4 following all the steps again from sheet 2. Guide small group through Making Change Sheet 5. Students who understand should work independently to solve the Making Change Activity Sheet 5.  Allow students time to work out the problems (20 minutes). After 20 minutes bring groups back together. and pass out Ticket Out the Door.
• Please complete the Ticket Out the Door independently.

Making Change 1 SAS Problem Solving.docx Making Change 2 SAS Problem Solving.docx Making Change 3 SAS Problem Solving.docx Making Change 4 SAS Problem Solving.docx Making Change 5 SAS Problem Solving.docx Ticket into math SAS Problem Solving.docx Ticket Out the Door SAS Problem Solving.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx SAS- Problem Solving Steps for Subtraction of Two-digit numbers.docx

Formative Assessment

Ticket into Math

Making Change Sheet 3

Ticket Out the Door

Related Materials & Resources

Date published.

Calculation Money Problems

In these problems we are using the four operations (addition, subtraction, multiplication and division) in the context of money questions.

We need to work out which operation to use for each question.

Example 1: You buy 7 bananas for 23p each. Work out the total cost.

Here we have a multiplication question.

Each banana costs 23p and we have 7 bananas. We need to work out 7 × 23 We can use long multiplication.

We start with 7 × 3 7 × 3 = 21 The one goes in the ones column and the 2 is carried over to the tens.

Next is 7 × 2 7 × 2 = 14 We add on the 2 we carried over 14 + 2 = 16 The 6 goes in the tens and the 1 is carried over to the hundreds

The total cost is 161p We can convert pence to pounds and pence by dividing by 100 161p = £1.61

Example 2: You buy 8 oranges for 29p each. You pay with a £10 note. Work out how much change you should get.

Each orange costs 29p and we have 8 oranges. We need to work out 8 × 29

We start with 8 × 9 8 × 9 = 72 The 2 goes in the ones column and the 7 is carried over to the tens.

Next is 8 × 2 8 × 2 = 16 We add on the 7 we carried over 16 + 7 = 23 The 3 goes in the tens and the 2 is carried over to the hundreds

The total cost is 232p

To find the change we need to take 232p away from £10 £10 = 1000p The change will be 1000 - 232

We start with the column on the right, the ones. We do not want to take 2 away from 0 so we need to take a ten and move it to the ones We do not have any tens or hundreds We can take one thousand and move it to the hundreds, the take one hundred and move it to the tens, then take a ten and move it to the ones. 1000 = 900 + 90 + 10

We can now subtract each column, starting with the ones 10 - 2 = 8

In the tens we have 9 - 3 9 - 3 = 6

In the hundreds we have 9 - 2 9 - 2 = 7

We can convert pence to pounds and pence by dividing by 100 768p = £7.68

Example 3: You buy: 2 burgers for 1.49p each. 3 portions of chips for £1.15 each 5 drinks for £1.28 each Work out the total cost.

We need to work out the cost of the burgers, the cost of the chips and the cost of the drinks. We can then add them all together.

For the burgers we have 2 × 149 (I will do the working out in pence and convert back to pounds at the end).

We start with the ones. 2 × 9 = 18 The 8 goes in the ones and we carry the 1 over to the tens.

Next is the tens. 2 × 4 = 8 We add on the 1 we carried over 8 + 1 = 9

The final column is the hundreds. 2 × 1 = 2

2 × 149 = 298

For the chips we have 3 × 115

The first column is the ones. 3 × 5 = 15 The 5 goes in the ones and we carry the 1 over to the tens.

The next column is the tens. 3 × 1 = 3 We add the 1 we carried over 3 + 1 = 4

The last column is the hundreds. 3 × 1 = 3

3 × 115 = 345

For the drinks we have 5 × 128

The first column is the ones. 5 × 8 = 40 The 0 goes in the ones and we carry the 4 over to the tens.

The next column is the tens. 5 × 2 = 10 We add the 4 we carried over 10 + 4 = 14 The 4 goes in the tens and we carry the 1 over to the hundreds.

The next column is the hundreds. 5 × 1 = 5 We add the 1 we carried over 5 + 1 = 6

5 × 128 = 640

We can now add together the cost of the burgers, chips and drinks to find the total cost.

We need to work out 298 + 345 + 640. We can use column addition

The first column is the ones. 8 + 5 + 0 = 13 The 3 goes in the ones and we carry the 1 over to the tens.

The next column is the tens. 9 + 4 + 4 + 1 = 18 The 8 goes in the tens and we carry the 1 over to the hundreds.

The next column is the hundreds. 2 + 3 + 6 + 1 = 12 The 2 goes in the hundreds and the 1 goes in the thousands.

298 + 345 + 640 = 1283 1283 ÷ 100 = 12.83 The total cost is £12.83

Example 4: You buy a car for £9000 You pay a deposit of £3200 and the rest in 25 monthly installments. Work out the amount of each installment.

The first step in this question is to subtract the deposit of £3200 from the price to see how much is left to pay.

We need to work out 9000 - 3200

We start with the ones. 0 - 0 = 0

In the tens we also have 0 - 0 = 0

In the hundreds we have 0 - 2 We need to take one thousand and move it to the hundreds. 9000 is the same as 8000 + 1000

We now have 10 - 2 in the hundreds 10 - 2 = 8

In the thousands we have 8 - 3 8 - 3 = 5

9000 - 3200 = 5800

We have 5800 left to pay. We need to divide 5800 by 25 to work out the monthly payment. 5800 ÷ 25

We can use short division. We can write the 25 times table down the side to make the division easier.

We start with the biggest column, the thousands. 25 does not go into 5 so we carry the 5 over to the hundreds where it is worth 50.

Next is the hundreds. 25 goes into 58 twice. 25 × 2 = 50 58 - 50 = 8 We carry the 8 over to the tens (where it is worth 80).

Next is the tens. 25 goes into 80 three times. 25 × 3 = 75 80 - 75 = 5 We have 5 left over to carry over to the ones.

In the ones we have 50 25 × 2 = 50 5800 ÷ 25 = 232

The monthly installments are £232

• 6th Grade Math

Fun and educational money math worksheets for 6th Grade learners

Understanding and using money math skills is vital for 6 th Grade learners as it prepares them for solving real-world money problems and some advanced math topics. Hence, if you are looking for resources to teach your students how to solve their financial transactions confidently, you are in the right place. This article has prepared some fun and educational money math worksheets for 6th-Grade learners to practice and confidently apply their money skills to many real-life scenarios.

6th Grade money math worksheets: How they can help your kids develop essential skills for the Future

As one of our primary objectives in this article, we will introduce you to Mathskills4kids.com , an outstanding website with remarkable 6th Grade money math worksheets . You may be wondering how these worksheets will help your kids develop essential skills for the future . Worry less. Just try them out and see how your 6 th Grade math students can make smart financial decisions now and in the future.

Money math is an important topic for 6th graders to learn and practice because it helps them develop essential skills for managing their finances, such as budgeting, saving, and investing.

It also prepares them for more advanced math topics, such as algebra and geometry, that involve money and decimals.

In this article, however, we will review some basic money concepts, introduce money math skills for 6th grade, and provide fun and engaging money math activities and worksheets for 6th graders to try at home or in the classroom.

BROWSE THE WEBSITE

Download free worksheets, grade 6 math topics.

• Whole numbers

Multiplication

• Exponents and square roots
• Number theory
• Add & subtract decimals
• Multiply & divide decimals
• Fractions & mixed numbers
• Add & subtract fractions
• Multiply fractions
• Divide fractions
• Operations with integers
• Mixed operations
• Rational numbers
• Problems solving
• Ratio & proportions
• Percentages
• Measuring units
• Consumer math
• Telling time
• Coordinate graph
• Algebraic expressions
• One step equations
• Solve & graph inequalities
• Two-step equations
• 2D Geometry
• Symmetry & transformation
• Geometry measurement
• Data and Graphs
• Probability

Start practice on Sixth Grade here

Why money math matters for 6th graders.

Money math matters for 6th graders because it helps them understand the value of money and how to use it wisely. Money math teaches them how to compare prices, calculate discounts, sales tax, and interest, and make intelligent decisions about spending and saving.

Money math also helps them develop critical thinking and problem-solving skills useful for many other subjects and situations. By learning money math, 6th graders can become more confident and responsible with their money and prepare for their future financial goals.

Review of basic money concepts: coins, bills, and decimal notation

Before diving into money math skills for 6th grade, let's review some basic money concepts that 6th graders should already know. These include:

• The names and values of coins and bills in the U.S. currency system
• How to count, add, subtract, multiply, and divide money amounts using coins and bills
• How to write money amounts using decimal notation (e.g., $3.25)
• How to compare and order money amounts using decimal notation (e.g., $3.25 < $4.50)
• How to round money amounts to the nearest cent, dime, or dollar using decimal notation (e.g., $3.27 ≈ $3.30)

Also, if your 6th grader needs a refresher on these concepts, you can download the following fun and educational money math worksheets from Mathskills4kids.com and give them to practice:

• Coin Recognition Worksheets : These worksheets help students identify and count coins by their names and values.
• Money Addition Worksheets : These worksheets help students practice adding money amounts using coins and bills.
• Money Subtraction Worksheets : These worksheets help students practice subtracting money amounts using coins and bills.
• Money Multiplication Worksheets : These worksheets help students practice multiplying money amounts by whole numbers or decimals.
• Money Division Worksheets : These worksheets help students practice dividing money amounts by whole numbers or decimals.
• Money Decimal Worksheets : These worksheets help students practice writing, comparing, ordering, and rounding money amounts using decimal notation.

Money Math Skills for 6th Grade learners: Calculating Discounts, Sales Tax, and Interest

Now that we have reviewed some basic money concepts, let's move on to some money math skills specific to 6th-grade learners . These money mathskills4kids’ skills include:

• How to calculate discounts using percentages (e.g., 20% off)
• How to calculate sales tax using percentages (e.g., 8% sales tax)
• How to calculate simple interest using the formula I = Prt (where I is the interest amount, P is the principal amount, r is the annual interest rate, and t is the time in years)
• How to apply these skills to real-world scenarios involving shopping, banking, and investing

These skills are essential for 6th graders because they help them understand how money changes over time due to various factors. They also help them evaluate different options and make informed choices when buying or selling goods or services or borrowing or lending money.

To help your 6th grader master these skills, you can download the following fun and educational money math worksheets from Mathskills4kids.com to help them practice:

• Discount Worksheets : These worksheets help students practice calculating discounts using percentages.
• Sales Tax Worksheets : These worksheets help students practice calculating sales tax using percentages.
• Simple Interest Worksheets : These worksheets help students practice calculating simple interest using the formula I = Prt.
• Money Word Problems Worksheets : These worksheets help students apply their money math skills to real-world scenarios involving shopping, banking, and investing.

Money math activities for 6th Grade: Budgeting, Saving, and Investing

Another way to help your 6th Grade students learn and enjoy money math is to engage them in fun and interactive money math activities involving budgeting, saving, and investing .

These activities can help your 6th grader develop essential life skills such as planning ahead, setting goals, tracking expenses, making trade-offs, saving for the future, and growing their wealth.

Some examples of these activities are:

They will also adjust their budget according to unexpected events such as emergencies or windfalls. This activity helps students learn how to manage their money and live within their means.

They also have to consider different saving options such as bank accounts, certificates of deposit, or bonds. This activity helps students learn how to save for their future and appreciate the power of compound interest.

They also have to monitor the performance of their portfolio and calculate their profits or losses. This activity helps students learn how to invest in the stock market and understand the risks and rewards of investing.

How to help your 6th Grader master money math

As a parent or teacher, you can play a vital role in helping your 6th grader master money math . Here are some tips on how you can support your 6th grader's money math learning:

• Encourage your 6th grader to practice money math regularly using the resources provided in this article or other online or offline sources.
• Make money math fun and relevant by connecting it to your 6th grader's interests, hobbies, or aspirations. For example, you can use money math to plan a family vacation, buy a gift for a friend, or start a business.
• Involve your 6th grader in real-life money situations such as shopping, banking, or investing. For example, you can let your 6th grader compare prices, calculate discounts or sales tax, or choose a saving or investing option.
• Praise your 6th grader's efforts and achievements in money math and celebrate their progress and improvement. For example, you can reward your 6th grader with a certificate, a sticker, or a treat for completing a money math worksheet or activity.

Bonus: More money math resources for sixth-Graders practice

If you want to give your 6th grader more practice and fun with money math, here are some web links with descriptions of online games, videos, and worksheets that you can use.

• Math Playground : Money Games . This website has a variety of interactive games that let your 6th grader practice money skills such as counting change, making change, comparing prices, calculating discounts, and more. Some of the games are also available as apps for mobile devices. https://www.mathplayground.com/index_money.html .
• Khan Academy : Money . This website has videos and exercises covering money topics such as decimal notation, place value, rounding, adding and subtracting decimals, multiplying and dividing decimals, and converting between fractions and decimals. The videos are clear and engaging, and the exercises provide instant feedback and hints. https://www.khanacademy.org/math/arithmetic/arith-decimals .
• Math Goodies: Percent and Proportions Worksheets . This website has a collection of printable worksheets that help your 6th grader practice calculating percentages, proportions, discounts, sales tax, interest, and more. The worksheets have answer keys and worked-out solutions. https://www.mathgoodies.com/worksheets/percent-and-proportions-wks .
• Practical Money Skills : Financial Literacy for Kids . This website has a wealth of resources that teach your 6th grader about financial literacy concepts such as budgeting, saving, investing, credit, debt, and more. The resources include games, videos, comics, articles, quizzes, calculators, and lesson plans. https://www.practicalmoneyskills.com/learn/financial_literacy/kids .
• Math Blaster : Money Math Problems . This website has a fun and challenging game that tests your 6th grader's money math skills. The game involves solving money problems using addition, subtraction, multiplication, division, fractions, decimals, and percentages. The game has different difficulty levels and rewards your 6th grader with coins that can be used to buy items for their virtual space station. https://www.mathblaster.com/parents/math-games/money-math-problems .

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

Money math is an essential skill for 6th graders to learn and master. It helps them understand the value of money, make smart financial decisions, and prepare for the real world.

By reviewing the basic money concepts, learning the money math skills for 6th grade, doing the money math activities and worksheets for 6th grade, and using the bonus money math resources for sixth-graders practice, you can help your 6th grader become a money math whiz!

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Resources tagged with: Money

There are 24 NRICH Mathematical resources connected to Money , you may find related items under Measuring and calculating with units .

Fruity Pairs

Which two items of fruit could Kate and Sam choose? Can you order the prices from lowest to highest?

Planning a School Trip

You are organising a school trip and you need to write a letter to parents to let them know about the day. Use the cards to gather all the information you need.

How Much Did it Cost?

Use your logical-thinking skills to deduce how much Dan's crisps and ice-cream cost altogether.

Your school has been left a million pounds in the will of an ex- pupil. What model of investment and spending would you use in order to ensure the best return on the money?

Plenty of Pens

Amy's mum had given her £2.50 to spend. She bought four times as many pens as pencils and was given 40p change. How many of each did she buy?

Ram divided 15 pennies among four small bags. He could then pay any sum of money from 1p to 15p without opening any bag. How many pennies did Ram put in each bag?

Oh for the Mathematics of Yesteryear

A garrison of 600 men has just enough bread ... but, with the news that the enemy was planning an attack... How many ounces of bread a day must each man in the garrison be allowed, to hold out 45 days against the siege of the enemy?

The Puzzling Sweet Shop

There were chews for 2p, mini eggs for 3p, Chocko bars for 5p and lollypops for 7p in the sweet shop. What could each of the children buy with their money?

Buying a Balloon

Lolla bought a balloon at the circus. She gave the clown six coins to pay for it. What could Lolla have paid for the balloon?

Ben has five coins in his pocket. How much money might he have?

Charitable Pennies

Investigate the different ways that fifteen schools could have given money in a charity fundraiser.

Money Line-up

In this game for two players, the aim is to make a row of four coins which total one dollar.

What is the smallest number of coins needed to make up 12 dollars and 83 cents?

2010: A Year of Investigations

This article for teachers suggests ideas for activities built around 10 and 2010.

At the Pumps

How will you find out how much a tank of petrol costs?

Five More Coins

Could Ben have any amount of money between 5p and £2 in his pocket if he has five coins?

The Money Maze

Go through the maze, collecting and losing your money as you go. Which route gives you the highest return? And the lowest?

History of Money

If you would like a new CD you would probably go into a shop and buy one using coins or notes. (You might need to do a bit of saving first!) However, this way of paying for the things you want did not always exist. Find out more ...

Money Problems?

Marion Bond investigates the skills needed in order for children to understand money.

Chocoholics

George and Jim want to buy a chocolate bar. George needs 2p more and Jim need 50p more to buy it. How much is the chocolate bar?

Roasting Old Chestnuts 4

For teachers. Yet more school maths from long ago-interest and percentages.

Here are the prices for 1st and 2nd class mail within the UK. You have an unlimited number of each of these stamps. Which stamps would you need to post a parcel weighing 825g?

Thirty Nine, Seventy Five

We have exactly 100 coins. There are five different values of coins. We have decided to buy a piece of computer software for 39.75. We have the correct money, not a penny more, not a penny less! Can you discover what the five different types of coins are worth and how many of each we have saved?

Christmas Shopping

Vera is shopping at a market with these coins in her purse. Which things could she give exactly the right amount for?

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Money Printable Worksheets Hub Page

Welcome to our Money Printable Worksheets page.

Here you will find a wide range of free printable Money Worksheets, which will help your child become more confident counting, adding and subtracting money.

Check out our Counting money worksheets or have some fun with our printable money riddles or Money games.

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• This page contains links to other Math webpages where you will find a range of activities and resources.
• If you can't find what you are looking for, try searching the site using the Google search box at the top of each page.

Money Printable Worksheets

Money resources.

Here you will find our range of money resources. The resources below cater for both US and UK coinage.

Quicklinks to ...

• Money Games
• Counting Money Worksheets
• Riddles & Challenges
• Adding & Subtracting Money
• Money Percentages
• Money Worksheets for other countries
• UK Money Worksheets
• Canadian Money Worksheets
• Australian Money Worksheets
• Randomly Generated Money Worksheets
• Printable Money Flashcards

Using flashcards is a great way to learn to count money in a fun and easy way.

The flashcards come complete with answers which can either be printed on the reverse of the flashcards, or they can be printed as a separate sheet for use in games like pairs.

Money Dominoes

These printable money dominoes are a great way to get kids to learn to count money in a motivating way.

The dominoes can be played or used by a single player, or they can be made into a multi-player game.

• Kids Counting Money Dominoes
• 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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• Money Worksheets

Here you will find our range of money worksheets, from first grade and upwards.

There is a choice of randomly generated worksheets for you to create or ready-made graded money worksheets.

Kindergarten Money Worksheets - Recognising coins

These kindergarten worksheets are all about recognising and counting coins: pennies, nickels, dimes and quarters.

The sheets involve recognising both faces of each coin.

• Kindergarten Money Worksheets

1st Grade Counting Money Worksheets

Here you will find a range of Counting Money Printable Worksheets.

Using these sheets will help your child to:

• recognise and know the values of the US coins;
• add up dimes, nickels and pennies in cents.

All the free 1st Grade Math Worksheets in this section are informed by the Elementary Math Benchmarks for First Grade.

• Free Math Money Worksheets - Counting same value coins
• Counting Money Worksheets - Counting different coins
• Money Word Problems for First Grade
• Canadian Money Worksheets 1st Grade

1st Grade Money Riddles

Using puzzles is a great way to get children to learn about money in a fun and interesting way, and apply their counting money knowledge.

Using these 1st Grade money riddles will help your child to develop their money skills and their problem solving skills at the same time.

There are a range of sheets suitable for a range of abilities within 1st grade.

• Money Math Worksheets - 1st Grade Money Riddles

2nd Grade Counting Money Worksheets

Here you will find a selection of First Grade Counting Money printable worksheets designed to help your child count different amounts of money using coins of the same value.

Using these sheets will help your child to:-

• count by a range of coins up to $1;
• add up quarters, dimes, nickels and pennies.

All the free Math Money worksheets in this section are support Elementary Math Benchmarks.

• Money Worksheets for Kids to $1
• Counting Quarters Worksheets
• Money Worksheets Canada 2nd Grade

Counting Money Worksheets at 2nd Grade Math Salamanders

In this section you will find our counting money worksheets which will help your child count money amounts up to $10.

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

• count out money amounts in $ and ¢;
• use $ notation to write down money amounts;
• compare different amounts of money.

All the sheets in this section will help your child to become more confident with counting money.

• Counting Money Worksheets up to $1
• Counting Money Worksheets up to $2
• Counting Money Worksheets to $10

Money Riddles & Challenges

The main difference between our money riddles and money challenges is that the challenges are generally more difficult to solve and will take longer to solve.

The 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.

Money Riddles at 2nd Grade Math Salamanders

Using puzzles is a great way to get children to learn about money in a fun and interesting way.

Using these money riddles will help your child to develop their money skills and their problem solving skills at the same time.

There are a range of sheets suitable for a range of abilities.

• Money Math Worksheets - Money Riddles

Money Challenges at 2nd Grade Math Salamanders

In our Money Challenge section you will find a lot of printable money challenges that you can use with your child.

Once children have mastered the basics of counting money amounts and know their coins, they are ready for a higher level of challenge.

The Money Challenges will help your child consolidate their money learning so far, and extend it further with some open-ended challenges.

Using these challenges will help your child to:

• apply their existing skills to solve problems;
• develop their problem solving and thinking skills.

Using these sheets will help to extend your child's math learning.

• Free Printable Money Worksheets - Challenges

More Money Challenges

On this webpage, you will find our 3rd and 4th Grade Money Challenges.

These challenges involve solving money problems and are a great way for kids to develop their reasoning skills and practice their counting money at the same time.

• 3rd Grade Money Challenges
• 4th Grade Money Challenges

Adding & Subtracting Money Worksheets

Here is our collection of adding and subtracting money worksheets for kids.

The following worksheets involve children adding and subtracting a range of money amounts.

Money Worksheets (randomly generated)

Here you will find our random generator to create your very own money worksheets.

You can choose what value you wish go up to, and whether you want to add or subtract money amounts.

You can choose the number of questions you would like, and what currency symbol you want to use.

The Money Worksheet generator below will create horizontal money problems with a wide range of choice of money values.

This generator will create money addition worksheets set out in columns.

• Adding Money Worksheets

This generator will create money subtraction worksheets set out in columns.

• Subtracting Money Worksheets

This money worksheet generator below will create a range of money problems in columns to add and subtract in a range of currencies.

• Adding and Subtracting Money Worksheets

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.

• add up a range of money amounts involving decimals.
• Money Addition Worksheets ($)
• Money Addition Worksheets (£ )

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.
• Money Subtraction Worksheets ($)
• Money Subtraction Worksheets UK (£ )

Money Multiplication & Division Worksheets

• Money Multiplication Worksheets Generator
• Long Division with Money (randomly generated)

Percentage of Money Amounts

Often when we are studying percentages, we look at them in the context of money.

The sheets on this page are all about finding percentages of different amounts of money.

• Money Percentage Worksheets

Money Worksheets for Other Countries

As well as the US, we have a range of counting money worksheets for the UK, Australia and Canada.

The sheets all follow a similar format with answers provided.

• Australian Money Worksheets (easier)
• Money Worksheets Australia (intermediate)
• Money Worksheets Australian (harder)

• Canadian Money Worksheets 1st grade

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Money Worksheets

Money and counting money worksheets.

Our money worksheets start with identifying coins and their values and progress through counting coins and shopping problems..

Choose your grade / topic:

Kindergarten money worksheets, grade 1 money worksheets, grade 2 money worksheets.

Grade 3 money worksheets  

Topics include:

• Matching coins to their names
• Matching coins to their values
• Identify  and color different coins
• Count small numbers of coins
• Counting U.S. coins (up to 6 coins)
• Counting Canadian coins (up to 6 coins)
• Counting money (coins only) word problems
• Identifying international coins
• Counting up to 10 U.S. coins
• Counting U.S. coins and bills (up to $5)
• Counting Canadian coins including loonies and toonies
• Money in words (numbers to words)
• Money in words (words to numbers)
• Counting money (coins and bills) word problems
• Money word problems

Grade 3 money worksheets

• Counting U.S. coins and bills
• Counting Canadian money (coins and bills)
• Shopping word problems
• Money in words

Grade 4 money worksheets

• Word problems using money ($X.XX) notation

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Sample Money Worksheet

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Free Printable Money Word Problems Worksheets for 5th Grade

Money Word Problems: Discover a vast collection of free printable worksheets tailored for Grade 5 math teachers, focusing on real-life scenarios that help students develop their problem-solving skills with money-related questions.

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Explore printable Money Word Problems worksheets for 5th Grade

Money Word Problems worksheets for Grade 5 are an excellent resource for teachers looking to challenge their students with real-life applications of math concepts. These worksheets provide a variety of engaging and thought-provoking problems that require students to use their understanding of addition, subtraction, multiplication, and division to solve money-related scenarios. By incorporating these Grade 5 math worksheets into their lesson plans, teachers can help students develop critical thinking and problem-solving skills while reinforcing their knowledge of basic math operations. Moreover, these Math Word Problems worksheets are designed to align with the curriculum standards, ensuring that students are well-prepared for standardized tests and future math courses.

Quizizz is an innovative platform that offers a wide range of educational resources, including Money Word Problems worksheets for Grade 5, to help teachers create engaging and interactive learning experiences for their students. In addition to high-quality Math Word Problems worksheets, Quizizz also provides teachers with access to thousands of quizzes and games that cover various subjects and grade levels. This extensive library of resources allows teachers to easily find and customize content to suit their students' needs and learning styles. Furthermore, Quizizz's real-time feedback and progress tracking features enable teachers to monitor their students' performance and identify areas where they may need additional support. By incorporating Quizizz into their teaching strategies, educators can create a dynamic and collaborative learning environment that fosters student success in Grade 5 math and beyond.

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Harvey Weinstein Conviction Thrown Out

New york’s highest appeals court has overturned the movie producer’s 2020 conviction for sex crimes, which was a landmark in the #metoo movement..

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When the Hollywood producer Harvey Weinstein was convicted of sex crimes four years ago, it was celebrated as a watershed moment for the #MeToo movement. Yesterday, New York’s highest court of appeals overturned that conviction.

Jodi Kantor, one of the reporters who broke the story of the abuse allegations against Mr. Weinstein in 2017, explains what this ruling means for him and for #MeToo.

On today’s episode

Jodi Kantor , an investigative reporter for The New York Times.

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Despite a fortified border, migrants will keep coming, analysts agree. Here's why.

Sergio Martínez-Beltrán

Border Patrol picks up a group of people seeking asylum from an aid camp near Sasabe, Arizona, on Wednesday, March 13, 2024. Justin Hamel/Bloomberg via Getty Images hide caption

Border Patrol picks up a group of people seeking asylum from an aid camp near Sasabe, Arizona, on Wednesday, March 13, 2024.

The U.S. southern border is as fortified as ever and Texas is carrying out its own enforcement to stop people from crossing illegally, yet observers and analysts agree on this: migrants not only will continue to come, but their numbers will likely increase in the coming months.

The expected surge can be attributed not only to seasonal migration patterns, but an increase of people displaced by war, poverty, and climate factors in all continents.

And why do these analysts say this?

They keep a close eye on the Darién Gap in Panama and the borders between Central American countries, two key points to gauge the number of people venturing up north.

"In most countries (outward) migration has increased ... particularly in Venezuela, and that's not really reflected yet in the U.S. numbers," said Adam Isacson, an analyst of border and migration patterns at the Washington Office on Latin America, a nonpartisan research and advocacy organization based in Washington D.C.

Despite Mexico's cracking down on migrants, Isacson said people are still making their way up north, even if they need to pause for months at different points during their journey.

"There must be a huge number of people from Venezuela bottled up in Mexico right now," he said.

The Darién Gap serves as a good barometer for migration flows.

This 100-mile-long tropical jungle between Colombia and Panama has claimed the lives of hundreds of migrants, according to a report from the Migration Policy Institute, a Washington, D.C.-based think tank.

Yet the dangers at this jungle are not a deterrent, said Ariel Ruiz Soto, a senior policy analyst with this organization. The majority of people migrating are from Venezuela.

"The reason why I referred to Venezuelans in particular is because they represent a key challenge for removals from Mexico and from the United States to Venezuela," Ruiz Soto said.

Mexico and the U.S. had been flying Venezuelan migrants back to the South American country . However, earlier this year, Venezuelan President Nicolás Maduro stopped accepting flights from the U.S. in response to economic sanctions imposed by the Biden administration.

Panama reported a 2% increase in crossings through the Darién Gap in February compared to the previous month.

Aerial view showing migrants walking through the jungle near Bajo Chiquito village, the first border control of the Darien Province in Panama, on September 22, 2023. LUIS ACOSTA/AFP via Getty Images hide caption

Aerial view showing migrants walking through the jungle near Bajo Chiquito village, the first border control of the Darien Province in Panama, on September 22, 2023.

What the numbers show

Analysts are projecting the increase in the remaining months of the fiscal year, even though U.S. Customs and Border Protection reported a 2.2% decrease in encounters with migrants along the Southern border in March. An encounter is every time a migrant is picked up by immigration authorities.

These numbers are consistent with cyclical patterns of illegal crossings that dip in the winter months, followed by more migrants attempting to get to the U.S. as warm weather arrives, said Ruiz Soto.

In a statement, CBP Spokesperson Erin Waters said the agency remains vigilant to "continually shifting migration patterns" amid "historic global migration."

Waters said the agency has also been partnering with Mexico to curb the flow of people migrating to the U.S.

Mexico has commissioned its National Guard to patrol its borders with Guatemala and the U.S.

"CBP continues to work with our partners throughout the hemisphere, including the Government of Mexico, and around the world to disrupt the criminal networks who take advantage of and profit from vulnerable migrants," Waters said.

Where are migrants crossing the border?

For the last few months, more migrants are attempting to cross through Arizona instead of Texas, according to CBP.

In 2023, the El Paso and Del Rio sector in Texas saw more crossings than any other place across the 2,000-mile Southern border. But this year the Tucson sector in Arizona has seen a 167% increase in crossings, more than any other.

Tiffany Burrow, operations director at Val Verde Border Humanitarian Coalition, an assistance organization for newly border crossers in Del Rio, said she has seen the shift.

"It's empty," Burrow said, pointing to her organizations' office. "There are no migrants."

In March, she helped only three migrants after they were released by CBP pending their court date. In December, they helped 13,511 migrants.

Burrow said that's how migration works — it ebbs and flows.

"We have to be ready to adapt," Burrow said.

Texas Department of Safety Troopers patrol on the Rio Grande along the U.S.-Mexico border. Eric Gay/AP hide caption

Texas Department of Safety Troopers patrol on the Rio Grande along the U.S.-Mexico border.

Texas' role

Burrow and other immigrant advocates are closely observing Texas' ramping up of border enforcement.

In 2021 Gov. Greg Abbott launched Operation Lone Star initiative and deployed the Texas National Guard. Last year the state started lining up razor wire in sections of the Rio Grande.

Texas is also asking the courts to be allowed to implement a law passed last year by the Republican-controlled legislature, known as SB4, which requires local and state police to arrest migrants they suspect are in the country illegally.

It might be too early to know if all these efforts will have an impact on migration patterns, analysts said, considering that Texas saw the highest number of illegal crossings last year.

But, Mike Banks, special advisor on border matters to Abbott, said the state's efforts are fruitful.

Texas has spent over $11 billion in this initiative.

"The vast majority of the United States' southern border is in Texas, and because of Texas' efforts to secure the border, more migrants are moving west to illegally cross the border into other states," said Mike Banks in a statement to NPR.

Ruiz Soto, from the Migrant Policy Institute, said the impact of Texas' policies on arrivals "is likely to be minimal over the long term."

Carla Angulo-Pasel, an assistant professor who specializes in border studies and international migration at the University of Texas at Rio Grande Valley, said that even with Texas' policies in place, migrants are likely to continue to cross.

"You can't claim, as much as I think Gov. Abbott wants to claim, that Operation Lone Star is going to somehow mean that you're going to see less numbers in Texas because that hasn't held true," Angulo-Pasel said. "We could also argue that things are going to progressively get more and more as the spring months progress."