Transum Maths Software

Money

There are 366 different Starters of The Day, many to choose from. You will find in the left column below some starters on the topic of Money. In the right column below are links to related online activities, videos and teacher resources.

A lesson starter does not have to be on the same topic as the main part of the lesson or the topic of the previous lesson. It is often very useful to revise or explore other concepts by using a starter based on a totally different area of Mathematics.

Main Page

Money Starters:

Aunt Sophie's Post Office: Work out the number of stamps needed to post a parcel.

Aunty Dotty: A real life situation requiring the division an amount of money according to a given ratio.

Guitar For Sale: A question about the profit made when buying and selling a guitar.

Hotel Sumview: Can you work out what rooms at the hotel the family booked to produce the given bill?

Light Shopping: A lamp and a bulb together cost 32 pounds. The lamp costs 30 pounds more than the bulb. How much does the bulb cost?

Missing Pound: A puzzle about a restaurant bill. Exactly where did the missing pound go?

Refreshing Revision: It is called Refreshing Revision because every time you refresh the page you get different revision questions.

Shopping List: A quick quiz about five items on a shopping list written 40 years ago.

Sid's Schemes: Work out which is the best scheme for Sid to choose for his summer bonus. One scheme involves a common misconception about percentages.

Student Loans: Six students borrow £5000 to help pay for their university course. Calculate how much each student will have to pay back to the lender.

 

Small images of these Starters ::  Index of Starters


Money Advanced Starters:

Rich or Poor?: An interesting outcome of percentage increase and decrease

Two Coins: What two coins add up to 70p (one of them is not a 50p coin)

Index of Advanced Starters


Suggested

Coins and Notes

Coins and Notes

Sharpen your money management skills by accurately calculating sums and working out change.

The short web address is:

Transum.org/go/?to=coinsnotes

 

Curriculum for Money:

Year 5

Pupils should be taught to use all four operations to solve problems involving measure [for example, length, mass, volume, money] using decimal notation, including scaling more...

Years 7 to 9

Pupils should be taught to solve problems involving percentage change, including: percentage increase, decrease and original value problems and simple interest in financial mathematics more...

Pupils should be taught to use standard units of mass, length, time, money and other measures, including with decimal quantities more...

Years 10 and 11

Pupils should be taught to set up, solve and interpret the answers in growth and decay problems, including compound interest {and work with general iterative processes} more...

Years 12 and 13

Pupils should be taught to use sequences and series in modelling more...

Exam-Style Questions:

There are almost a thousand exam-style questions unique to the Transum website.

Feedback:

Comment recorded on the 9 May 'Starter of the Day' page by Liz, Kuwait:

"I would like to thank you for the excellent resources which I used every day. My students would often turn up early to tackle the starter of the day as there were stamps for the first 5 finishers. We also had a lot of fun with the fun maths. All in all your resources provoked discussion and the students had a lot of fun."

Comment recorded on the 11 January 'Starter of the Day' page by S Johnson, The King John School:

"We recently had an afternoon on accelerated learning.This linked really well and prompted a discussion about learning styles and short term memory."

Comment recorded on the 10 April 'Starter of the Day' page by Mike Sendrove, Salt Grammar School, UK.:

"A really useful set of resources - thanks. Is the collection available on CD? Are solutions available?"

Comment recorded on the 28 September 'Starter of the Day' page by Malcolm P, Dorset:

"A set of real life savers!!
Keep it up and thank you!"

Comment recorded on the 12 July 'Starter of the Day' page by Miss J Key, Farlingaye High School, Suffolk:

"Thanks very much for this one. We developed it into a whole lesson and I borrowed some hats from the drama department to add to the fun!"

Comment recorded on the 10 September 'Starter of the Day' page by Carol, Sheffield PArk Academy:

"3 NQTs in the department, I'm new subject leader in this new academy - Starters R Great!! Lovely resource for stimulating learning and getting eveyone off to a good start. Thank you!!"

Comment recorded on the 23 September 'Starter of the Day' page by Judy, Chatsmore CHS:

"This triangle starter is excellent. I have used it with all of my ks3 and ks4 classes and they are all totally focused when counting the triangles."

Comment recorded on the 2 May 'Starter of the Day' page by Angela Lowry, :

"I think these are great! So useful and handy, the children love them.
Could we have some on angles too please?"

Comment recorded on the 18 September 'Starter of the Day' page by Mrs. Peacock, Downe House School and Kennet School:

"My year 8's absolutely loved the "Separated Twins" starter. I set it as an optional piece of work for my year 11's over a weekend and one girl came up with 3 independant solutions."

Comment recorded on the 3 October 'Starter of the Day' page by Fiona Bray, Cams Hill School:

"This is an excellent website. We all often use the starters as the pupils come in the door and get settled as we take the register."

Comment recorded on the 2 April 'Starter of the Day' page by Mrs Wilshaw, Dunsten Collage,Essex:

"This website was brilliant. My class and I really enjoy doing the activites."

Comment recorded on the 28 May 'Starter of the Day' page by L Smith, Colwyn Bay:

"An absolutely brilliant resource. Only recently been discovered but is used daily with all my classes. It is particularly useful when things can be saved for further use. Thank you!"

Comment recorded on the 14 October 'Starter of the Day' page by Inger Kisby, Herts and Essex High School:

"Just a quick note to say that we use a lot of your starters. It is lovely to have so many different ideas to start a lesson with. Thank you very much and keep up the good work."

Comment recorded on the i asp?ID_Top 'Starter of the Day' page by Ros, Belize:

"A really awesome website! Teachers and students are learning in such a fun way! Keep it up..."

Comment recorded on the 26 March 'Starter of the Day' page by Julie Reakes, The English College, Dubai:

"It's great to have a starter that's timed and focuses the attention of everyone fully. I told them in advance I would do 10 then record their percentages."

Comment recorded on the s /Coordinate 'Starter of the Day' page by Greg, Wales:

"Excellent resource, I use it all of the time! The only problem is that there is too much good stuff here!!"

Comment recorded on the 25 June 'Starter of the Day' page by Inger.kisby@herts and essex.herts.sch.uk, :

"We all love your starters. It is so good to have such a collection. We use them for all age groups and abilities. Have particularly enjoyed KIM's game, as we have not used that for Mathematics before. Keep up the good work and thank you very much
Best wishes from Inger Kisby"

Comment recorded on the s /Indice 'Starter of the Day' page by Busolla, Australia:

"Thank you very much for providing these resources for free for teachers and students. It has been engaging for the students - all trying to reach their highest level and competing with their peers while also learning. Thank you very much!"

Comment recorded on the 24 May 'Starter of the Day' page by Ruth Seward, Hagley Park Sports College:

"Find the starters wonderful; students enjoy them and often want to use the idea generated by the starter in other parts of the lesson. Keep up the good work"

Comment recorded on the 3 October 'Starter of the Day' page by S Mirza, Park High School, Colne:

"Very good starters, help pupils settle very well in maths classroom."

Comment recorded on the 19 October 'Starter of the Day' page by E Pollard, Huddersfield:

"I used this with my bottom set in year 9. To engage them I used their name and favorite football team (or pop group) instead of the school name. For homework, I asked each student to find a definition for the key words they had been given (once they had fun trying to guess the answer) and they presented their findings to the rest of the class the following day. They felt really special because the key words came from their own personal information."

Comment recorded on the 14 September 'Starter of the Day' page by Trish Bailey, Kingstone School:

"This is a great memory aid which could be used for formulae or key facts etc - in any subject area. The PICTURE is such an aid to remembering where each number or group of numbers is - my pupils love it!
Thanks"

Comment recorded on the 19 November 'Starter of the Day' page by Lesley Sewell, Ysgol Aberconwy, Wales:

"A Maths colleague introduced me to your web site and I love to use it. The questions are so varied I can use them with all of my classes, I even let year 13 have a go at some of them. I like being able to access Starters for the whole month so I can use favourites with classes I see at different times of the week. Thanks."

Comment recorded on the 17 November 'Starter of the Day' page by Amy Thay, Coventry:

"Thank you so much for your wonderful site. I have so much material to use in class and inspire me to try something a little different more often. I am going to show my maths department your website and encourage them to use it too. How lovely that you have compiled such a great resource to help teachers and pupils.
Thanks again"

Comment recorded on the 21 October 'Starter of the Day' page by Mr Trainor And His P7 Class(All Girls), Mercy Primary School, Belfast:

"My Primary 7 class in Mercy Primary school, Belfast, look forward to your mental maths starters every morning. The variety of material is interesting and exciting and always engages the teacher and pupils. Keep them coming please."

Comment recorded on the 1 February 'Starter of the Day' page by M Chant, Chase Lane School Harwich:

"My year five children look forward to their daily challenge and enjoy the problems as much as I do. A great resource - thanks a million."

Comment recorded on the 19 June 'Starter of the Day' page by Nikki Jordan, Braunton School, Devon:

"Excellent. Thank you very much for a fabulous set of starters. I use the 'weekenders' if the daily ones are not quite what I want. Brilliant and much appreciated."

Comment recorded on the 16 March 'Starter of the Day' page by Mrs A Milton, Ysgol Ardudwy:

"I have used your starters for 3 years now and would not have a lesson without one! Fantastic way to engage the pupils at the start of a lesson."

Comment recorded on the 1 May 'Starter of the Day' page by Phil Anthony, Head of Maths, Stourport High School:

"What a brilliant website. We have just started to use the 'starter-of-the-day' in our yr9 lessons to try them out before we change from a high school to a secondary school in September. This is one of the best resources on-line we have found. The kids and staff love it. Well done an thank you very much for making my maths lessons more interesting and fun."

Comment recorded on the 3 October 'Starter of the Day' page by Mrs Johnstone, 7Je:

"I think this is a brilliant website as all the students enjoy doing the puzzles and it is a brilliant way to start a lesson."

Notes:

For many pupils the ability to understand financial transactions is a skill they thank their mathematics teacher for. Understanding the use of money is a real, practical application of mathematics in the real world and is just as important today as ever it was.

When it comes to managing our money and avoiding costly mistakes it is well worthwhile to strive to become an expert. There are key aspects of personal finance the pupils should understand as the get older and more independent in their lives and the activities provided here provide resources for a small part of their learning process.

Money Teacher Resources:

Currency Converter: This is a minimalist currency conversion tool designed for quick results using only the major world currencies.

Compound Interest Calculator: A customised online calculator for quickly finding the solutions to compound interest problems.

Money Activities:

Coins and Notes: Sharpen your money management skills by accurately calculating sums and working out change.

Sorting Units: Order the ten containers according to their value (money, length and weight)

Currency Conversion: Test your ability to convert from one currency to another with this self marking quiz.

Thai Restaurant: Calculate the restaurant bills for each of the tables in the Thai Restaurant.

Money Maths: Test your skills and understanding with this online exercise about Money Maths and Personal Finance.

Interest: Practise using the formulas for simple interest and compound interest.

Stamp Sticking: Drag stamps onto the envelopes to make the exact postage as shown at the top left of each envelope.

Flowchart Bills: Calculate bill totals by following the instructions given in the form of a flow chart.

Unit Pricing: Calculate the unit cost of items to earn jigsaw pieces that make a joke.

Mathopoly: A game of buying and selling property with maths questions thrown in for good measure.

Overdraft Charges: Do you understand how your bank charges you for taking out an overdraft? Try this self marking quiz.

Take Baht: How many different ways can you make a given total with Thai coins?

Amortisation and Annuities: Exercises containing problems about gradually paying off loans and calculating pension plans.

Finally there is Topic Test, a set of 10 randomly chosen, multiple choice questions suggested by people from around the world.

Alternatively, for the more advanced student, there is an ever-growing collection of Exam-Style Questions with worked solutions on the topic of Finance.

Money Investigations:

lnvestigating stamps: How many different postage amounts can you make with the given stamps?

Aunt Sophie's Post Office: Investigate the ways of making up various postage amounts using 3p and 8p stamps. An online stamp calculator is provided for you to check your working.

Have you got change?: An investigation about making change for different amounts.

Aunt Lucy's Legacy: Decide which of the four schemes Aunt Lucy proposes will provide the most money. This investigation involves the sum of sequences as well as considering life expectancy.

Money Videos:

Money video
Transum's Money Video


The Invention of Money: An excerpt from the animated film American Dream

Simple vs Compound Interest: This video portrays a visual of how to explain the difference between simple interest and compound interest in a very practical way.

Interest Video: Learn about simple interest, compound interest, appreciation and depreciation. This video is to help you do the online, self-marking exercise.

4.3 Billion Dollars: Short Futurama clip: Fry's reaction to becoming a billionaire!

Money External Links:

Links to other websites containing resources for Money are provided for those logged into 'Transum Mathematics'. Subscribing also opens up the opportunity for you to add your own links to this panel. You can sign up using one of the buttons below:

Search

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Other

Is there anything you would have a regular use for that we don't feature here? Please let us know.

Suggested

Amortisation and Annuities

Amortisation and Annuities

Exercises containing problems about gradually paying off loans and calculating pension plans.

The short web address is:

Transum.org/go/?to=annamor

 

Teaching Notes:

Many Transum activities have notes for teachers suggesting teaching methods and highlighting common misconceptions. There are also solutions to puzzles, exercises and activities available on the web pages when you are signed in to your Transum subscription account. If you do not yet have an account and you are a teacher, tutor or parent you can apply for one by completing the form on the Sign Up page.

A Transum subscription also gives you access to the 'Class Admin' student management system, downloadable worksheets, many more teaching resources and opens up ad-free access to the Transum website for you and your pupils.

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