# Adding & Subtracting with Money Pluses of Money Denominations of money + Dollars and cents + Change: Quarter, Dime, Nickel & Penny + Paper \$: Dollars,

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Adding & Subtracting with Money

Pluses of Money Denominations of money + Dollars and cents + Change: Quarter, Dime, Nickel & Penny + Paper \$: Dollars, Twos, Fives, Tens & Twenties

The Sum of All Money Adding Change to make Dollars + 4 quarters + 10 dimes + 20 nickels + 100 pennies How much Money do I have? + 5 ones + 2 fives + 4 fives or 2 tens + 10 fives or 5 tens + 2 fifties

Subtracting or Spending Money Spending Money is just simple subtraction Examples:\$20-10 \$10-5 \$5-3 \$1-\$.25 \$.10-\$.05

Money & Banking Terms Saving money equals Addition Deposits Spending money equals Subtraction Withdrawals

Banking: Deposits and Withdrawals Making Deposits: Adding Money to a Bank Account (Example: If you have \$20 dollars and you make a deposit of \$10 you will now have a balance of \$30 in your account {\$20 + \$10 = \$30}.) By making deposits into an account you are adding money and the sum of money, or the balance, in your account will grow with each deposit you make.

Making Withdrawals: Taking Money or Subtracting from a Bank Account When you make a withdrawal from your account you are subtracting money from your balance. You are decreasing the amount of money in your account. (Example: If you have \$50 in your bank account and you want to take \$20 out, you are wanting to subtract money. You will be left with the difference of \$30 as your new balance {\$50 - \$20 = \$30}.)

Now You Know... Adding & Subtracting Is the same as Deposit and Withdrawal For further information, look to the following website: http://www.familyeducation. com/article/0,1120,62- 6106,00.html Kids & Money The best way to get banking information is to visit your local bank. There are many people there to help you with your questions.

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