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Year 2 Financial Literacy

Paying for Things

Learn how buying works — price tags, paying with money, and getting change back!

Buying Things

When you want something from a shop, you pay for it with money. The price tag tells you how much it costs. You give the shopkeeper enough money to cover the price.

Exact Money and Change

Sometimes you have the exact amount — that's easy! But sometimes you pay with a bigger coin or note. The shopkeeper gives you back the extra money. This extra money is called change.

Remember: Change is the money you get back because you paid more than the price.

A Simple Example

An apple costs $1. You give the shopkeeper $2. How much change do you get?

Apple costs: $1

You pay: $2

Change: $2 - $1 = $1

You get $1 change!

You always get back the difference between what you paid and what it costs.

Different Ways to Pay

People pay with coins, notes, cards, and even phones! But the idea is the same — you give something worth the right amount, and you get your item.

🪙

Coins

💵

Notes

💳

Cards

📱

Phones

Think About It

1. If something costs 50 cents and you pay with $1, how much change do you get?

2. Why do shops have price tags?

3. Have you ever paid for something yourself?

Knowledge Check

Choose the correct answer for each question. Click "Check Answer" to see if you are right!

Question 1

A price tag tells you...

Question 2

Change is...

Question 3

A toy costs $3. You pay with $5. How much change?

Question 4

If something costs $2 and you give exactly $2, you get...

Question 5

Which of these is a way to pay for things?

Key Concepts Summary

Year 1: Needs vs Wants Year 2: Saving Up