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Money Skills Assessment

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Money Skills Assessment

Money Skills Assessment

Australian money coins and notes illustration

💰 Part 1: Counting Money

1. Count the coins and write the total amount:

3 coins of 50c and 2 coins of $1.00

Total: $ _______

2. Count these notes and coins and write the total:

1 × $20 note, 2 × $5 notes, 3 × $2 coins, 4 × 20c coins

Total: $ _______

3. Which amount is greater? Circle your answer:

$12.75

$12.57

4. Order these amounts from smallest to largest:

$8.90, $8.09, $9.80, $9.08

Smallest: _______ → _______ → _______ → _______ Largest

🛒 Part 2: Shopping and Change

5. You buy an item that costs $6.45. You pay with a $10 note. How much change do you get?

Change: $ _______

6. Sarah buys a sandwich for $7.85 and a drink for $3.20. What is the total cost?

Total cost: $ _______

7. You have $25.00. You buy snacks costing $8.75. How much money do you have left?

Money left: $ _______

8. Which is the better deal? Circle your answer:

3 apples for $4.50

2 apples for $3.20

Explain your thinking: ________________________________

📊 Part 3: Comparing Prices

9. Compare these two prices. Which is cheaper and by how much?

Item A: $15.60 Item B: $12.85

_______ is cheaper by $ _______

10. Round these prices to the nearest dollar:

$7.35 → $ _______

$12.68 → $ _______

$9.50 → $ _______

11. Estimate the total cost of these items (round first, then add):

$4.85 + $7.20 + $2.95

Estimated total: $ _______

📝 Part 4: Word Problems

12. Tom has $50.00. He buys a book for $18.95 and a toy for $23.50. Does he have enough money? Show your working.

Yes, he has enough money

No, he doesn't have enough money

13. A packet of biscuits costs $4.75. How much would 3 packets cost?

3 packets cost: $ _______

14. Emma saves $12.50 each week. How much will she save in 4 weeks?

Total savings: $ _______

15. A shop sells pencils for $1.20 each or 5 pencils for $5.00. Which is the better deal?

$1.20 each

5 for $5.00

🧮 Part 5: Problem Solving

16. Jake buys 2 items. One costs $8.40 and the other costs $6.85. He pays with a $20 note. How much change does he receive?

Change received: $ _______

17. A cinema ticket costs $14.50 for adults and $9.75 for children. What is the total cost for 2 adults and 3 children?

Total cost: $ _______

18. Lisa has these coins: 4 × $2, 6 × 50c, 8 × 20c, 5 × 10c. How much money does she have altogether?

Total amount: $ _______

19. A school fundraiser sells pies for $4.50 each. If they sell 25 pies, how much money do they raise?

Money raised: $ _______

20. Challenge Problem: Ben wants to buy a game that costs $45.00. He has $28.75 and earns $5.25 each week doing chores. How many weeks will it take him to save enough money?

Number of weeks: _______

Explain your strategy: ________________________________

🤔 Part 6: Reflection

Reflection Questions:

1. Which question was the most challenging for you? Why?

2. What strategy did you use most often to solve these problems?

3. One thing I learned about money today is:

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