Money Word Problems Worksheets for Math Practice

Are you looking for a money word problems worksheet for your children? These worksheets are a great way to improve your children’s math skills while giving your kids real life problems to solve. 

Money Word Problems

Money word problems teach students using real world situations. Kids figure out price tags and sales prices. They determine if they have enough money to make purchases. And they use a unit price to learn how much money is needed. 

Incorporating fun ways to teach money to kids, especially with word problems, makes it easier for them to grasp the concepts. 

These money-related word problems are the same problems they will see in daily life as they purchase items in the store. After all, children and adults solve real world money problems throughout their life.

Why It’s Important to Teach Money Word Problems

This is why teaching your children how to solve money word problems is an important skill. Throughout their life, they will be needing to calculate the monetary value of items and figure out how much change they will receive back. 

They’ll need money skills to discover the amounts of money involved in purchases. This is true no matter if they are purchasing groceries on a credit card or buying a car.

Plus, money word problems give kids a chance to solidify math concepts such as basic addition, subtraction, and multiplication through story problems.

How do you solve money word problems?

Money word problems are solved using basic math skills such as column addition and the division of amounts. Kids need to figure out the correct operation and what the important information is before they are able to find the correct answer.

Knowing word problem key words is super helpful, because all the same words apply to money word problems. 

It takes time and practice before kids are able to master life skills, and money skills are not any different. So, in addition to providing a concrete example, you can also hand them money word problem worksheets to give your children plenty of math problems to solve.

Word Problems for Building Money Skills

The problems are grouped into sets of based on addition and subtraction, multiplication and division, or combinations of all four. Students can choose to work through each set of problems individually, or they can work through them in groups.

The addition and subtraction money word problems are best suited to early elementary students in grade 2 or grade 3. Multiplication and division money problems are better geared toward grade 4 or grade 5 students.

Teach Your Children About Money Understanding Economics is the perfect way to help your 3rd-8th graders grasp important economic topics. Kids will learn all about money, capitalism, supply and demand, banking, stocks, the economy, and more in ways they can understand, using examples from their own lives.

Money Word Problem Worksheets

These money math word problems are a great way to give your children money experience before they head out on an excursion to the nearest store. 

Your children will first need to understand the underlying meaning of the questions before they will be able to solve the problems to find the correct answers. Most of the money worksheets come as pdf files you will be able to download and print for your children to use at home.

Addition and Subtraction Word Problems for Money

Addition and subtraction word problem money worksheets are great to give to young children such as second graders. Children will need to use their basic math skills to solve subtraction problems, complete money addition, and figure out how many dollar bills they will have at the end of the problem.

Add and Subtract Money Word Problems

Add and Subtract Money Word Problems – This word problem worksheet gives children math problems involving fairly simple addition and subtraction problems. Children will need to be able to use decimal points or understand how they relate to coins in order to solve these problems. An answer key is included in the download as well.

Money Word Problems Addition and Subtraction

Grade 2 Adding and Subtracting Money Word Problems – This 2nd grade money math worksheet focuses on helping young children learn how to add and subtract money word problems. It’s an editable word document that requires children to show two ways to solve the problem.

Money Word Problems Activity

Free Money Word Problems Activity – This picnic price freebie has kids solving all sorts of money math word problems. It’s fun because the ants are selling picnic items, and the kids need to use basic math skills to solve the problems.

Shopping With the Wild Things – If you’re looking for some fun money activities, then have your kids go shopping with the wild things. They’ll get plenty of math practice as they count money and solve addition and subtraction problems. 

Multiplication and Division Money Word Problems

Once kids have mastered addition and subtraction money word problems, it’s time to progress to multiplication and division money problems. These free math worksheets will give your children the practice they need to master this critical life skill. Most of the worksheets are not grade-specific so you can use them with a wide variety of ages.

Using free multiplication worksheets is also a great idea for extra times tables practice.

Multiplication Money Word Problems

Money Multiplication and Division Questions – Introduce money multiplication and division with these simple word problems. You can use the questions as a warm-up activity or an introduction to solving word problems. 

Easy Money Multiplication Worksheet – This is another money worksheet that’s a great way to teach your kids about basic multiplication money problems. Kids have a spot to write a number sentence to help them solve the problem.

Division Word Problems Based on Money

Division Money Problems – This money word problem worksheet focuses on division questions. The download will give your children plenty of practice learning to recognize when they should divide in order to find the correct answer.

Multiplication and Division Money Word Problems – Now have your kids solve money related word problems by using either multiplication or division problems. Kids will brush up on their math skills as they determine which is the correct operation to use when solving each problem.

Mixed Operation Money Word Problems

Mixed operation money word problems are a great way to have kids master basic operations and learn how to determine when they should use the different operations. Kids will need to use money addition, subtraction, multiplication, and division to find the right answers.

Use mixed numbers worksheets that involve money problems to help students understand money that uses mixed operations. 

Price List Word Problems

Fund Raiser Event Price List – Kids will be figuring out how much money they will be spending by using a price list. The questions will require the kids to use all four basic operations in order to find the right answers.

Money Task Cards for Story Problems

Money Word Problems Task Cards – If you’re looking for task cards to help your kids learn money notation and how to solve money word problems, then these cards are what you need! It’s a fun activity that all your children will love completing.

Two-Step Word Problems Involving Money – These money word problems are created for older children and require two steps in order to solve the problems. Kids will still be using the basic operations in order to solve the problems. But the questions will require more thought than simple one-step problems.

Mixed Operation Money Word Problems – You’ll find a nice collection of mixed money word problems worksheets on this site. The worksheets begin with easy problems and progress to more difficult problems as you scroll down.

U.S. Money Word Problems

Are you looking for pdf files that will focus on teaching children about U.S. money? Then check out these worksheets. You’ll find money problems that will require your kids to work with dollar bills, dollar signs, and coins.

Money Word Problems (US Denominations) – This paid resource has kids solving money word problems using U.S. coins. It’s a great worksheet to print out and give to your 2nd grade and 3rd grade students.

Can I Buy It: Money Word Problems – This fun activity comes in a zip file and includes task cards to give your children at math centers. Kids will figure out if they can buy the products. This activity comes with the option of using either U.S. or Canadian versions.

Money Unit Freebie – This money scoot has kids scooting around the room, solving problems and learning about U.S. currency at the same time. The problems are designed for young elementary kids.

Money Word Problems Including Notation – Have your children solve money-related word problems and write down the answers in the correct notation. You’ll find a great variety of worksheets for you to download and print.

Advanced Money Word Problems

These advanced money word problems are perfect for older children to use. They will solidify math concepts while solving challenging word problems that focus on consumer math skills or algebra. 

Teaching money to older kids is important as they will soon be young adults. 

Algebra Word Problems – With Money – Use money to learn how to write and solve various equations. These problems were designed with middle school students in mind.

Consumer Math Worksheets – Consumer math is a branch of math that focus on buying items and services. These worksheets will give your kids practice working with money problems as they solve banking problems, calculate special offers, and discover sales prices.

Sales Tax and Gratuity Worksheets – Teach your children how to calculate sales tax and gratuity as they work through these money worksheets. It’s a great way to help your kids master percentages.

Traveling on a Budget and Working With Decimals – Help your kids learn how to use money math to travel on a budget. Kids will use their skills in a real life situation as they determine how much money they will need for their trip.

More Money Resources

• Money Coloring Pages – What better way for kids to learn about money than by coloring money coloring sheets?
• Identifying Coin Worksheets – These printable color by coin worksheets are another fun way for kids to practice money problems. 
• Money Games for Kids – These fun money board games are great to get kids the extra practice they need with real-world money situations.