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The Price is Right?

Category: Games | Age Group: 5-7

TOPIC:

Placing Money Values on Household Items

RESOURCES NEEDED:

3 pieces of paper and a pencil

LEARNING OPPORTUNITY:

From this activity, children will see what money can buy by looking at everyday items in their house. It teaches children to think about what things cost. They can then learn to put these things in categories, from least expensive to most expensive.

THE ACTIVITY:
  • Open the following BMO link and view this video with your child to see how this activity works. http://community.bmo.com/SMARTSTEPSFORPARENTS/ages5-6
  • Then ask your child to choose 3 items in their room. After you see their choices, approximate the cost of each and write down these amounts on 3 pieces of paper, just like the mother in the video did.
  • Show your child the papers and ask him or her to place the papers on the items.
  • Ask them to explain how they decided on each price.
  • Ask them to arrange the items in order from least expensive to most expensive.
  • Ask them how they made this decision.
TIPS:

Be positive, give encouragement and try not to help them.

FOLLOW UP IDEAS:

Play the same game in other rooms, e.g. choose 3 foods in the kitchen (a can of soup, a loaf of bread, and a bag of milk.)

ILLUSTRATIONS:

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