How Much Can We Spend? (Money)
CBSE · Class 1 · Mathematics
Summary of How Much Can We Spend? (Money) for CBSE Class 1 Mathematics. Key concepts, important points, and chapter overview.
Overview
Money is something we use every day to buy things we need and want. In this chapter, we learn about different coins and notes, how to count money, and understand how much things cost. We also learn to make smart choices about spending money wisely.
Key Concepts
Money in India includes coins (1₹
Money in India includes coins (1₹, 2₹, 5₹, 10₹) and notes (10₹, 20₹, 50₹). Each has different colors, sizes, and pictures to help us identify them eas
We count money by adding up
We count money by adding up all coins and notes together. Start with the biggest value and add smaller ones. For example: 10₹ + 5₹ + 2₹ + 1₹ = 18₹
Different things cost different amounts
Different things cost different amounts. A pencil might cost 5₹ while a book costs 20₹. We compare prices to see what costs more or less.
A budget is the total money
A budget is the total money we have. If we have 30₹, we can only buy things that cost 30₹ or less. We cannot spend more than what we have.
When we buy something that costs
When we buy something that costs less than the money we give, we get change back. If we pay 10₹ for something that costs 7₹, we get 3₹ back as change.
Learning Objectives
- Recognize and identify different coins (1 rupee, 2 rupees, 5 rupees, 10 rupees) and notes (10 rupees, 20 rupees, 50 rupees)
- Count money using coins and notes up to 50 rupees
- Compare prices of different items and understand which costs more or less
- Learn simple addition and subtraction with money
- Understand the concept of buying and spending within a budget
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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