# Money Word Problem Worksheets

How to Approach Money Word Problems - Word problems, in general, require a great deal of work and understanding. However, some require practicing and a focused approach too. Money word problems can be intimidating to solve. But if your work approaches the problem in a certain way, you will be able to solve them quickly and with expertise. Before you take on any money word problem to solve, make sure to do warm-up exercises. Since money word problems involve the use of both coins and note, it is important to understand how to calculate both separately. The best approach is to make sure you have the data on hand to solve the problem. When solving money word problems, consider the following: Use all four mathematical operations (addition, subtraction, multiplication, and division) to solve the problem. Solve the problem in multi-steps. Avoid using a single step, as this will create confusion. First, multiply then jump on to subtraction. Use simple fractions to solve money problems.

• ### Basic Lesson

Demonstrates the concept of outlining word problems. Includes practice problems. Example: Nancy had \$45. She bought candy for \$25. How much money does she have left?

• ### Intermediate Lesson

Demonstrates the concept of multiple step word problems and mathematical decoding. Example: Tom had \$140. He bought a pencil for \$55, An eraser for \$45, and gum for \$6. How much money did he have left?

• ### Independent Practice 1

Contains 20 word problems. All simple steps to decoding. Example: A family spent \$8 on cotton candy, \$13 on a balloon, and \$55 for tickets for the Ferris wheel. How much did the family spent?

• ### Independent Practice 2

Contains 20 word problems. The answer key is below. Example: Bobby saved his money for a whole month. In week 1 he saved \$12. In week 2 he saved \$16. In week 3 he saved \$2. In week 4 he saved \$2. How much money did he save that month?

• ### Homework Worksheet

Contains 12 money word problems. A full detailed example is provided. Example: Potter saved his money for a whole month. In week 1 he saved \$11. In week 2 he saved \$8. In week 3 he saved \$9. In week 4 he saved \$2. How much money did he save that month?

• ### Skill Quiz

10 money word problems. Scoring matrix included. Example: The class earned \$5 a day for one week for their school trip. How much money did they have by the end of the week?

• ### Homework and Quiz Answer Key

Answers for the homework and quiz.

Answers for the lesson and practice sheets.

• ### Independent Practice 1

Contains 6 math money word problems. The answers can be found below. Sample: The food for a dog cost 10 nickels. How much money will Jack have to spend to buy food for 3 dogs?

• ### Independent Practice 2

Contains 6 math money word problems. The answer key is below. Sample: Frederick had 10 pennies and Robert had 5 pennies. The ice cream cost 7 pennies. How much money did Robert borrow from Frederick to buy the ice cream?

• ### Homework Worksheet

Focuses on basic skills and concepts. Sample: Rose has 4 dimes. Her mother gave her 2 quarters and 4 pennies. How much money does she have now?

• ### Skill Quiz

Contains 6 math money word problems. Example: The company had a profit of \$100. The company gave \$90 to the staff as a bonus. How much money does the company have now?