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1st Grade — Money & Business

Counting coins, comparing prices, and running a first stand.

Ages 6–7

The one idea

You can add money up, and you can compare two prices before you choose.

Six and seven year olds can count mixed coins to a dollar and can hold a two-to-four week goal. This is the right year for their first real stand.

The six 1st Grade money lessons

One per pillar. Each has what to teach, a ten-minute thing to do, and the exact words you can say — so you can start right now without preparing anything.

💼 Earn

People pay you for solving problems

Nobody pays you just because you're nice. They pay you because you fixed something that was annoying them. Thirsty on a hot day is a problem. Cold lemonade solves it. That's a business.

Do this

Walk around the house and find three annoying things. For each, say what someone could do to fix it.

Say this

"What's the problem you're solving? If there isn't one, nobody buys it — no matter how much work you did."

🏦 Save

Saving toward a number

Now that you can count, your goal is a number, not a picture. Write the price at the top. Write what you've got at the bottom. The gap between them is how much further you have to go.

Do this

Draw a thermometer with the goal price at the top. Colour it in each week as the total climbs.

Say this

"You've got $4 and it costs $10. How much more do you need? Right — six more."

🛒 Spend

Two prices, one choice

Almost everything you want to buy sits next to something similar with a different price. Look at both. Sometimes the cheaper one is exactly as good, and the money you don't spend stays yours.

Do this

In one shop aisle, find two versions of the same thing. Compare the prices and pick — then say why out loud.

Say this

"These two do the same job. One's $3 and one's $5. What are we getting for the extra $2?"

💝 Give

Giving what you actually have

Giving isn't only money. Time counts. Help counts. A child with no money at all can still be generous, and people remember the help more than the cash.

Do this

Pick one way to give this week that costs nothing — helping a neighbour, tidying for someone, making something.

Say this

"You don't need money to be generous. What could you give that isn't money?"

📈 Grow

Money in, money out

When you sell something, some money comes in. But some money went out first, to buy what you needed. What's left over is called profit — and profit is the only number that really matters.

Do this

Pretend to sell 10 cups of lemonade at 50 cents. That's $5 in. The lemons and cups cost $2. How much is really yours?

Say this

"You made $5. But you spent $2 to make it. So did you really make $5?"

🧠 Mindset

Asking out loud

The scariest part of selling anything is opening your mouth. Most people never ask, so most people never get a yes. Asking is a skill, and it gets easier fast.

Do this

Practise the exact sentence they'll say to a customer. Say it five times until it stops feeling strange.

Say this

"Say it to me first. Now say it louder. Now say it like you already know they'll say yes."

The 1st Grade Money Check

8 questions. You get the reasoning either way — being wrong is where the learning is.

0/8
  1. 1

    Why does anyone buy anything?

  2. 2

    You have $4 and want something that costs $10. What's the gap?

  3. 3

    Two identical water bottles, $3 and $5. What should you check?

  4. 4

    Can you be generous with no money at all?

  5. 5

    You sell $6 of lemonade. Lemons and cups cost $2. What's your profit?

  6. 6

    A customer pays $1 for a 75-cent cup. What do you hand back?

  7. 7

    You're too shy to ask someone to buy. What's true?

  8. 8

    Nobody bought anything on your first day. What now?

The Four Jars

Move the sliders and watch what each jar becomes. Only the Grow jar is invested, so only Grow compounds — that is the whole reason the numbers separate.

$
40% · $0.80/week

$42 a year → $416 after 10 years

40% · $0.80/week

$42 a year → $416 after 10 years

10% · $0.20/week

$10 a year → $104 after 10 years

10% · $0.20/week

$10 a year → $154 after 10 years

Look ahead:

You put in

$1,040

You end up with

$1,090

Grew on its own

+$50

That extra $50 is money nobody worked for. It came from the Grow jar earning 7% a year on a balance that keeps getting bigger.

For parents: Around $2 a week. This is the first year a 'grow' jar makes sense — it becomes the float that funds their stand instead of you funding it.

The 7% is a rough long-run stock market average used for illustration. Real returns vary, some years are negative, and nothing here is investment advice.

The words they need this year

Defined the way a 1st grade child would explain them — not the way a bank would.

Profit
The money left over after you pay for what you needed.
Like: Sold $5 of lemonade, lemons cost $2 — profit is $3.
Cost
The money that goes out before you can sell anything.
Like: The cups, the lemons, and the sugar.
Customer
The person who gives you money for your thing.
Like: The neighbour who bought two cups.
Change
The money you hand back when they gave you too much.
Like: They pay $1 for a 75-cent cup, so change is 25 cents.
Total
All of it added together.
Like: Three quarters and two dimes: 95 cents total.

This week's mission

The Price Detective

They learn that the same thing costs different amounts in different places — the first real insight into value.

⏱️ 30 minutesPaper and pencilOne shop trip, or a supermarket website
  1. 1Pick one everyday item — a loaf of bread, a box of cereal, a pack of pencils.
  2. 2Find three different versions of it and write down each price.
  3. 3Circle the cheapest and the most expensive.
  4. 4Work out the difference between them.
  5. 5Decide which one you'd actually buy, and say the reason out loud. There is no wrong answer if there's a reason.
🚀 Starter business

The Lemonade Stand, done properly

"Cold drink, one dollar, right here where you're already walking."

What it costs to start

$4–6 for lemons, sugar, and cups

What to charge

$1 a cup. Round numbers mean no change to count and no maths mistakes under pressure.

  1. 1Write down every cost before you start. That number is what you have to earn back first.
  2. 2Pick the spot by where people already walk, not by where it's convenient for you.
  3. 3Make a sign big enough to read from across the road.
  4. 4Practise the sentence you'll say before the first person arrives.
  5. 5At the end: count everything, subtract the costs, and the number left is your profit.

The business lesson underneath

Location beats effort. The same stand in a busier spot earns several times more for identical work.

Three habits that matter at this age

The money lessons only stick if these are running underneath them.

Make them count the change

Every transaction is free arithmetic practice with real stakes. Hand the cashier's change to them and let them check it.

Rehearse the ask

Practise the exact words before the first customer arrives. Confidence at this age is almost entirely rehearsal, not personality.

Let the stand fail sometimes

A bad day at the stand is the cheapest business lesson they will ever get. Debrief it: what would you change next time?

By the end of 1st Grade

Tick these off through the year. If one is still open in June, that's the lesson to go back to.

  • Counts mixed coins up to $1 accurately
  • Works out the gap between what they have and what something costs
  • Compares two prices and gives a reason for their choice
  • Explains profit as money in minus money out
  • Runs a small stand start to finish, including counting costs
  • Asks a stranger to buy something without an adult doing it for them

Want the written practice too?

Everything on this page is free and always will be. If you want structured worksheets to go alongside it, the 1st Grade packs cover the whole year across maths, reading and writing, and study skills.

1st Grade Packs

Frequently Asked Questions

What should a 1st Grade child understand about money?

You can add money up, and you can compare two prices before you choose. Concretely: counts mixed coins up to $1 accurately; works out the gap between what they have and what something costs; compares two prices and gives a reason for their choice. The six lessons on this page cover each of those, and the money check tells you which ones have landed.

How much allowance should a 1st Grade child get?

Around $2 a week is a reasonable starting point at ages 6–7. Around $2 a week. This is the first year a 'grow' jar makes sense — it becomes the float that funds their stand instead of you funding it. The calculator on this page lets you try different amounts and splits.

What business can a 1st Grade child actually run?

The Lemonade Stand, done properly: "Cold drink, one dollar, right here where you're already walking." Startup cost is $4–6 for lemons, sugar, and cups. Location beats effort. The same stand in a busier spot earns several times more for identical work.

Is the 1st Grade money content on this page free?

Yes — all 6 lessons, the 8-question check, the vocabulary, the mission, the starter business, the allowance calculator, and the milestones are free with no signup. The 1st Grade printable packs in the shop are optional.

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