Grade 5 Mathematics

Financial Literacy
Learning Activity

Students learn about different ways to transfer money. They calculate the total cost and change required for cash transactions using mental math and other strategies. Students will learn how to determine the best value for an item and prepare basic budgets.

This Learning Activity is divided into three sections. Adults should guide children through it in the following order:

Minds On: Introduces the learning concepts to be explored in the Learning Activity.
Action: Offers a focused activity to explore the content and discover key concepts.
Consolidation: Provides students with an opportunity to deepen understanding and reflect on learning.

Learning Strand

Financial Literacy

Students learn about different ways to transfer money between people and organizations, such as e-transfers and cheques. They calculate the total cost and change required for cash transactions involving items priced in dollars and cents, using mental math and other strategies. Students will learn how to determine the best value for an item – for example, five apples for $1.00 versus three apples for 75 cents. Students prepare basic budgets and learn about the concepts of credit and debt.