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Problem Solving with Money

Problem Solving With Money Word Problems

problem solving with money

This is another free resource for teachers from The Curriculum Corner.

Looking to help your students learn to solve word problems with money?

This math problem solving skill can be practiced with this set of resources.

Math Problem Solving Strategies

This is one in a series of resources to help you focus on specific problem solving strategies in the classroom.

Within this download, we are offering you a range of word problems for practice.

Each page provided contains a single problem solving word problem.

Below each story problem you will find a set of four steps for students to follow when finding the answer.

This set will focus on the draw a picture strategy for math problem solving.

What are the 4 problem solving steps?

After carefully reading the problem, students will:

  • Step 1: Circle the math words.
  • Step 2: Ask yourself: Do I understand the problem?
  • Step 3: Solve the problem using words and pictures below.
  • Step 4: Share the answer along with explaining why the answer makes sense.
problem solving with money

These word problems involve addition and subtraction (with and without regrouping) of money amounts. 

Meets second and third grade common core standards. 

Students can use coin manipulatives, money stamps, drawing pictures or using number sentences to solve various problems. 

These money word problems address the following math standards:

  • Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately.
  • Fluently add and subtract within 100 using strategies based on place value, properties of operations, and/or the relationship between addition and subtraction.
  • Add and subtract within 1000, using concrete models or drawings and strategies based on place value, properties of operations, and/or the relationship between addition and subtraction; relate the strategy to a written method. Understand that in adding or subtracting three-digit numbers, one adds or subtracts hundreds and hundreds, tens and tens, ones and ones; and sometimes it is necessary to compose or decompose tens or hundreds.
  • Fluently add and subtract within 1000 using strategies and algorithms based on place value, properties of operations, and/or the relationship between addition and subtraction.

The problems include the following selections:

  • Ice Cream Truck – addition of two amounts under $1.00 with regrouping
  • Pinata – addition of two amounts over $1.00 with regrouping
  • Daisies – addition of two amounts over $1.00 without regrouping
  • Birthday – addition of three amounts with regrouping
  • Family Camping Trip – addition of three whole dollar amounts, logical reasoning
  • Bike Rental – addition of three whole dollar amounts, counting by fives
  • Baseball – subtraction of money amounts without regrouping
  • Dollhouse – subtraction of money amounts with regrouping
  • A New Dog Leash – subtaction of money amounts across zeros
  • The Birthday Present – mental math addition, subtraction of money amounts across zeros

You can download these free set of money word problems here:

Problem Solving

You might also be interested in the following free resources:


As with all of our resources, The Curriculum Corner creates these for free classroom use. Our products may not be sold. You may print and copy for your personal classroom use. These are also great for home school families!

Remember, you may not modify and resell in any form. Please let us know if you have any questions.

Strategy: Make a Table
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