The big ideaMoney is for trading. We give a coin and we get something we want.
How it works
Money is for trading. We give a coin and we get something we want.
Pip gave the seller a coin and got an apple. The seller paid the farmer, and the money kept going round.
Where Pip's coin went.
Example 1: A coin for an apple
Pip walks to the market with one coin.
Pip gives the coin to the seller.
The seller gives Pip a big red apple. That is a trade.
Example 2: The coin keeps going
The seller has the coin now.
The seller pays the farmer who grew the apples.
The farmer gives the seller a crate of apples, so the seller has apples to sell again.
🪙Pip's coin🧺the seller🧑🌾the farmer🍎more apples
Round and round.
Example 3: Free things
A hug is free, so we do not trade a coin for it.
The sunshine and a smile are free too.
Nobody sells the moon, so a coin cannot buy it.
Example 4: Things a coin can buy
A coin can buy an apple or a loaf of bread.
A coin, or some coins, can buy a kite, a toy bear or an ice cream.
Point to one in a picture book and say, a coin can buy that.
Words to know
coin
A small round piece of money.
trade
We give one thing and get another.
seller
A person who sells things at a stall.
farmer
A person who grows food.
Watch out
Not everything is for sale. A hug, a smile and a rainbow are free.
The coin does not vanish when Pip pays. The seller keeps it and pays the farmer.
Try it
Pip gives the seller a coin. What does Pip get?
Who gets the coin when Pip buys an apple?
Can a coin buy a hug?
Can a coin buy the moon?
Answers: 1. an apple · 2. the seller · 3. no · 4. no
Try at homeWith a grown-up, watch what is given and what is got when something is bought. Money is for trading.
For grown-upsNext time you buy something, let your child watch what is given and what is got back, and say 'we gave a coin and we got a loaf'. Pretend coins and a toy stall at home make a good game; the app tracks money and never moves it.
Open these notes on screenScan the code, or go to tutorpip.com.