Money 101: Teaching Kids to Count Money
Teaching kids to count money at an early age can almost ensure that they have a good grasp of the concept when they start making their own money. It is important to make sure that they understand the value of a dollar as well as how to add and subtract money efficiently. Although kids can learn a lot at a young age, one is never too old to learn more about money. There are resources for older kids, young adults and even older adults that can help improve the understanding of how money works
FUN FACTS! from the U.S. Mint
- Her best soup spoons make good pocket change. Legend has it that Martha Washington donated the silverware from her table to make the nation’s first currency
- Half a dime wasn’t a nickel then. The first American coins were half dimes—spelled “dismes”—which were struck in the fall of 1792. Though worth 5 cents, they contained no nickel, but were mostly silver with a trace of copper. The first circulating coins were one cent pieces made the following year.
- “In God We Trust” was first used on coins during the Civil War. This inscription was added to the two-cent piece of 1864. But it didn’t become necessary to add it to all coins until 1955. The inscription “E Pluribus Unum,” which means “One from Many” (as in one country made from many states) was first used on the gold $5 piece of 1795.