Maths Year 1 Autumn Money and Time

Teach a selection of units to meet the needs of your class.

Coins to 10p: identify & exchange (suggested as 3 days)

Planning and activities.

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TAs & Tutors / Home Learning

With TA/Tutor

These materials are for a TA or Tutor to use with a small group of children or one child. They support the learning in class in this unit. Notes are provided for teacher and TA/Tutor.

Back to Lockdown?

If your class or school is closing for a while, this Route map outlines what to teach online, and what to practise at home. The Home pack includes everything you and the children will need.

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You Will Need

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Make amounts/find all possibilities (suggested as 3 days)

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Teacher Tips

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Tell o’clock times; sequence events (suggested as 2 days)

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In-depth Investigation: Time Line from nrich.maths.org

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Days of the week, months of the year (suggested as 2 days)

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In-depth Investigation: Activity Set C from ncetm.org.uk

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Hamilton’s problem-solving investigations are 'low floor, high ceiling' activities that give all children opportunities to develop mastery and mathematical meta-skills. Explore a set for a whole year group.

Extra Support worksheets come with guidance for a teacher or TA working with small groups. They can make a significant difference to children working below ARE. Extra support is linked to individual objectives-based units, but you can also explore a set for a whole year.

Procedural fluency is fundamental to numeracy, and Hamilton's practice worksheets are carefully differentiated for children working toward Age Related Expectations (ARE), at ARE and at greater depth. Practice is linked to individual objectives-based units, but you can also explore sets of worksheets for the whole year.

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Reasoning/Problem Solving Maths Worksheets for Year 1 (age 5-6)

Reasoning about number, sorting and counting.

To build on the work done in Early Years children need to sort groups in various ways before counting the objects within the groups.

Preview of worksheet How many in the picture? (1)

Counting a variety of things.

Preview of worksheet How many in the picture? (2)

Sorting and counting activities.

Preview of worksheet How many in the picture? (3)

Sorting and counting activities (3)

Preview of worksheet How many in the picture (4)

How many flowers, balls etc can you see in the picture?

Preview of worksheet How many in the picture (5)

How many boats, trains, bikes and buses can you see in the picture?

Preview of worksheet How have the objects been sorted? (1)

Looking for similarities in groups of sorted objects.

Preview of worksheet How have the objects been sorted? (2)

Explaining the criteria for sorting into groups - there may be more than one possible answer.

Preview of worksheet Sorting into groups (2)

Guess how many objects and then count to see how accurate you are!

Preview of worksheet Sorting objects into groups (fruit)

Sorting a variety of fruit into groups.

Preview of worksheet Sort objects into groups (various objects)

Sorting a variety of objects into groups.

Preview of worksheet Reasoning: counting to ten forwards and backwards

Explaining answers: counting forwards and backwards.

Making number sentences and using number cards

Children will be asked to find different ways of making numbers using addition and subtraction. Number cards are an excellent resource in the classroom for this type of activity.

Preview of worksheet Make 3: number sentences

Use number cards to find different ways of making 3.

Preview of worksheet Make 4: number sentences

How many ways can you make 4 using the cards shown?

Preview of worksheet Make 5 number sentences

How many ways can you make 5 using the numbers and signs?

Preview of worksheet Make 6: number sentences

Use number cards to find different ways of making 6.

Preview of worksheet Make 8: number sentences

How many ways can you make 8 using the numbers on the cards?

Preview of worksheet Make 7

How many ways can you add 2 numbers to make 7?

Preview of worksheet Number cards 1

Use cards to make numbers.

Preview of worksheet Number cards 2

Use cards to make numbers, including zero.

Reasoning about money

Using coins is a great way to explore different ways of making amounts. The later pages on shopping require logical thinking and children should be able to explain verbally or on paper how they reached their answers.

Preview of worksheet Costs 8p challenge

How many ways can you pay 8p?

Preview of worksheet Ragdoll for 9p

What coins could you use to buy the ragdoll?

Preview of worksheet Shape and money challenge

What shapes can you buy for 10p? Costs according to the number of sides the shape has.

Preview of worksheet Reasoning: shopping two of a kind (1)

Solving 2-step problems with money up to 10p.

Preview of worksheet Reasoning: shopping two of a kind (2)

2-step money problems.

Preview of worksheet Reasoning: shopping two of a kind (3)

More shopping: 2-step problems with whole pounds.

Preview of worksheet Spending 10p

Simple reasoning with small amounts of money.

Preview of worksheet Number bonds: 10p to spend

Reasoning skills with small amounts of money.

Reasoning about addition and subtraction

Plenty of opportunity to select numbers and add and subtract to reach totals. Finding all the possible combinations can be an important part of these activities.

Preview of worksheet Problem solving: addition and subtraction (1)

A first look at word problems needing addition or subtraction to solve.

Preview of worksheet Problem solving addition and subtraction (2)

More problem solving where addition or subtraction is needed.

Preview of worksheet How many ways to make a number

Sharks know that there's more than one way to catch a fish. And there's usually lots of ways to make a total by adding two numbers.

Preview of worksheet How many ways (harder)

'How many ways?' investigation using 7, 8 and 9.

Preview of worksheet Add pairs

How many different answers can you get?

Preview of worksheet Bull's eye

Three darts to score on the board. Good adding up revision.

Preview of worksheet 3 years older.

A little age problem.

Preview of worksheet Hexagon subtraction challenge

Make subtraction sentences using the numbers around the hexagon.

Preview of worksheet It all adds up

Put the numbers 1, 2, 3, 4 and 5 onto the grid so that both lines add up to the same total. How many ways?

Preview of worksheet Triangle make 9

Can you put the numbers in the circles so that each side of the triangle adds up to 9?

Preview of worksheet Add 3 numbers

Pick three numbers from those shown and add them. How many different additions can you find?

Preview of worksheet Reasoning; missing symbols

Completing missing symbols in number sentences.

Preview of worksheet Reasoning: more or less

Completing number sentences using more and less than.

Preview of worksheet Reasoning: continue the pattern

Completing simple number patterns.

More reasoning activities

More activities to challenge children’s reasoning and logical thinking. Plenty of, 'How many ways ....' activities.

Preview of worksheet Cubes in one hand

Find how many cubes can be held in one hand and record data collected in a table.

Preview of worksheet Ice lollies

How many different ways can the ice lolly be coloured, using just two colours?

Preview of worksheet Boxes and cubes

How many different ways can you put the cubes in the boxes?

Preview of worksheet 5 Rectangles

How many rectangles can be made?

Preview of worksheet 9 tile challenge

How many ways can the 9 tiles be put together to make a square?

Preview of worksheet Four triangles

How many ways can I join 4 triangles to make other shapes?

Preview of worksheet Make four numbers

Make four 2-digit numbers from just two 1-digit numbers.

Preview of worksheet Make a difference of more than 1.

Put the numbers into the grid so that there is always a difference of more than one.

Preview of worksheet Bus stop routes

Find and describe routes to the bus stop.

Preview of worksheet Abacus challenge

How many numbers can you make with 6 beads on the abacus?

Preview of worksheet Caterpillar challenge

How many different routes are there from head to tail? Great logical thinking challenge.

Preview of worksheet More Caterpillar Counting

Fun counting challenge which encourages logical thinking.

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money problem solving year 1

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Solving money problems

Learning focus.

Learn how to solve questions involving money using a problem-solving method.

This lesson includes:

Problem solving is a great way to put your money knowledge into practice and think about how money is used in the real world.

Remember that RUCSAC can help you solve word problems:

RUCSAC is an acronym that helps us to remember the order to tackle word problems:

R EAD the question carefully.

U NDERLINE and U NDERSTAND key words.

C HOOSE the correct operation (+ - x ÷) and method.

S OLVE the problem!

A NSWER the question.

C HECK your working out.

Now let's take a look at some money problems and use RUCSAC to help us solve them.

Charlotte saved £18.45 of the money she got for her birthday and £11.53 of the money she earned from babysitting her brother. How much money has she saved altogether?

Have you read the question carefully?

Underline or highlight the important information. Do you know what the problem is asking?

Charlotte saved £18.45 of the money she got for her birthday and £11.53 she earned from babysitting her brother. How much money has she saved altogether ?

'Altogether' tells us that we need to add the amounts together.

You can use the column method to work out this sum.

So £18.45 + £ 11.53 = £29.98

You’ve worked out how much Charlotte saved altogether so you have answered the question.

Double check that you have added up the numbers correctly and the decimal points are in the correct position. Make sure you have used the pound sign.

A cake costs £2.10. How much do 5 cakes cost?

Read the question again and make sure you understand it.

Now highlight the important information:

A cake costs £2.10 . How much do 5 cakes cost ?

This question is asking you what 5 lots of £2.10 is, so the operation to choose is multiplication .

Turn the pounds into pence first so it’s easier to multiply.

£2.10 = 210p

Turn the pence back into pounds.

1050p = £10.50

Always check your working out!

You could also use visual images to help you solve this question through repeated addition.

Here are our 5 groups of £2.10 using a two-pound coin and a 10p coin.

Now add up all the two-pound coins and 10p coins to see how much there is altogether.

Both answers are the same. There's usually more than one way to solve a problem!

You may need paper and a pen or pencil for some of these activities.

Using a pen and piece of paper and remembering the RUCSAC method, try to work out the following:

For her birthday, Amelia receives £5.00 from her grandfather and £10.00 from her aunt.

With the money, she decides to buy a book for £7.99 and then some chocolates on offer for £3.90.

Does she have any birthday money left, and if so, how much?

You may find it helpful to use some real or pretend money to help you find the answer to the question. Or you can make your own; draw around real coins or bottle caps onto paper or card.

Try this quiz to see how well you understand multiplying amounts.

There's more to learn

More Maths Guides

More Maths Guides

Take a look at our other Maths guides.

BBC Teach

Free teaching resources

Numbers

Explore more Bitesize guides on number and place value.

Primary games

Primary games

BBC Bitesize

There's more to learn ...

Icons of measuring utensils under the headline: Y4/P5 Estimating Money

Estimating money

Icons of a calculator & sums under the headline: Y4/P5 Solving Money Problems

What is financial decision making?

Alien sat at a table with her shopping

How much have I spent?

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Math Workbooks for Grade 1

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1st Grade Math Word Problems Worksheets

Grade 1 word problems.

These grade 1 word problem worksheets relate first grade math concepts to the real world. The word problems cover addition, subtraction, time, money, fractions and lengths.

We encourage students to think about the problems carefully by:

Addition word problems

Single digit addition

Addition with sums 50 or less

3 or more numbers added together

Subtraction word problems

Subtracting single digit numbers

Subtracting numbers under 50

Mixed addition and subtraction word problems

Add / subtract word problems with mostly single digit numbers

Add / subtract word problems with numbers under 50

Time word problems

Time and elapsed time problems (whole hours)

Money word problems

Counting money (coins only)

Measurement word problems

Combining and comparing lengths (inches)

Combining and comparing lengths (cm)

Fraction word problems

Write the fraction from the story (parts of whole, parts of group)

Mixed word problems

Addition, subtraction, money, time, fractions and length word problems mixed  

money problem solving year 1

Sample Grade 1 Word Problem Worksheet

More word problem worksheets

Explore all of our math word problem worksheets , from kindergarten through grade 5.

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Reasoning - Problem Solving - Money Problems (KS1/2) - March 3rd

Reasoning - Problem Solving - Money Problems (KS1/2) - March 3rd

Subject: Mathematics

Age range: 5-7

Resource type: Worksheet/Activity

WRMaths's Shop

We provide world class resources and training for teachers of all phases. Our forever free schemes of learning span from Reception to Post 16 GCSE resit. Short quizzes and end of term assessments that compliment our SOL are also available for free. New for 2019 are worksheets to sit alongside our small steps guidance for Y1 to Y8. These are available on tes or through a subscription to White Rose Maths. Join us on our journey #MathsEveryoneCan

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Money Problems?

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Maths Resources & Worksheets > Year 1 Maths Resources & Worksheets >

Summer Block 5 (Money)

About these resources.

Differentiated maths resources for Summer Block 5 (Money) in small steps for KS1 children in Year 1. Each small step contains a pack of resources which include a teaching PowerPoint, a varied fluency worksheet pack (in three differentiated levels) and a reasoning and problem solving worksheet pack (in 3 differentiated levels). Coverage of the Summer Block 5 (Money) small steps include recognising coins, recognising notes and counting in coins. These Summer Block 5 (Money) resources have been designed with the relevant Year 1 curriculum objectives in mind.

Recognising Coins

Go to lesson →

Recognising Notes

Counting in coins, 1 summer block 5 consolidation pack.

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Year 1 Money Consolidation Maths

Money Consolidation Year 1 Summer Block 5 Reasoning and Problem Solving

This Money Consolidation Year 1 resource will help your pupils consolidate their understanding of Summer Block 5: Money. It has been designed with a level of questions for Age Related Expectations for Year 1. This resource is themed around sorting money in a bank.

Recognising Coins Maths Recovery

Free Year 1 Recognising Coins Lesson Slides

These interactive Year 1 Recognising Coins Lesson Slides are designed to support your teaching of this objective.

Recognising Coins Maths Recovery

Free Year 1 Recognising Coins Lesson

This Year 1 Recognising Coins lesson includes teaching slides, prior learning, worksheets, interactive activities and extensions.

Recognising Coins Year 1

Recognising Coins Year 1 Money Free Resource Pack

Step 1: Recognising Coins Year 1 Resource Pack includes a teaching PowerPoint and differentiated varied fluency and reasoning and problem solving resources for Summer Block 5.

Free Recognising Coins Homework

Free Recognising Coins Homework Extension Year 1 Money

Step 1: Free Recognising Coins Homework Extension provides additional questions which can be used as homework or an in-class extension for the Year 1 Recognising Coins Resource Pack and are differentiated three ways.

Year 1 Recognising Coins

Money Year 1 Recognising Coins Free Discussion Problems

Step 1: Year 1 Recognising Coins Discussion Problems includes two discussion problems which can be used in pairs or small groups to further pupils' understanding.

Year 1 Recognising Notes Maths Recovery

Year 1 Recognising Notes Lesson Slides

These interactive Year 1 Recognising Notes Lesson Slides are designed to support your teaching of this objective.

Year 1 Recognising Notes Lesson

Year 1 Recognising Notes Lesson

This Year 1 Recognising Notes lesson includes teaching slides, prior learning, worksheets, interactive activities and extensions.

Recognising Notes Year 1

Recognising Notes Year 1 Money Resource Pack

Step 2: Recognising Notes Year 1 Resource Pack includes a teaching PowerPoint and differentiated varied fluency and reasoning and problem solving resources for Summer Block 5.

Recognising Notes Year 1

Recognising Notes Homework Extension Year 1 Money

Step 2: Recognising Notes Homework Extension provides additional questions which can be used as homework or an in-class extension for the Year 1 Recognising Notes Resource Pack and are differentiated three ways.

Year 1 Recognising Notes

Money Year 1 Recognising Notes Discussion Problems

Step 2: Year 1 Recognising Notes Discussion Problems includes two discussion problems which can be used in pairs or small groups to further pupils' understanding.

Year 1 Counting in Coins Lesson Slides

Year 1 Counting in Coins Lesson Slides

These interactive Year 1 Counting in Coins Lesson Slides are designed to support your teaching of this objective.

Year 1 Counting in Coins Lesson

Year 1 Counting in Coins Lesson

This Year 1 Counting in Coins lesson includes teaching slides, prior learning, worksheets, interactive activities and extensions.

Counting in Coins Year 1

Counting in Coins Year 1 Money Resource Pack

Step 3: Counting in Coins Year 1 Resource Pack includes a teaching PowerPoint and differentiated varied fluency and reasoning and problem solving resources for Summer Block 5.

Counting in Coins Year 1

Counting in Coins Homework Extension Year 1 Money

Step 3: Counting in Coins Homework Extension provides additional questions which can be used as homework or an in-class extension for the Year 1 Counting in Coins Resource Pack and are differentiated three ways.

Year 1 Counting in Coins

Money Year 1 Counting in Coins Discussion Problems

Step 3: Year 1 Counting in Coins Discussion Problems includes two discussion problems which can be used in pairs or small groups to further pupils' understanding.

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money problem solving year 1

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GCSE Maths

Money Problems Maths

Here we will learn about money problems maths, including looking at a variety of money word problems and how to solve them.

There are also money problems maths worksheets based on Edexcel, AQA and OCR exam questions, along with further guidance on where to go next if you’re still stuck.

What are money problems?

Money problems are the name given to a range of problems which involve money. It may also be known as financial maths.

We will explore different types of money problems that can be used in lots of different situations. 

For the purposes of these examples we will use Pound Sterling.

£1 is made of 100 pence (or 100p ).

Pounds can be written as pence, for example £3.15 can be written as 315p.

Pence can be written as pounds, for example 27p can be written as £0.27.

UK coins are 1p, 2p, 5p, 10p, 20p, £1 and £2. 

The UK notes are £5, £10, £20 and £50.

Money problems maths image 1

How to work out money problems

In order to solve money problems in maths:

Read the question carefully and work out how to solve the word problem.

Calculate the solution.

Write the answer with the correct units.

Explain how to work out money problems

Explain how to work out money problems

Money problem maths worksheet

Get your free money problem maths worksheet of 20+ questions and answers. Includes reasoning and applied questions.

Related lessons on arithmetic

Money problems maths is part of our series of lessons to support revision on arithmetic . You may find it helpful to start with the main arithmetic lesson for a summary of what to expect, or use the step by step guides below for further detail on individual topics. Other lessons in this series include:

Money problem maths examples

Example 1: shopping.

A chocolate bar costs 45p and a bottle of lemonade costs £1.20.

Frankie buys 3 bars of chocolate and 2 bottles of lemonade.

She pays with a £5 note.

Work out how much change Frankie gets.

We need to find the total cost of 3 chocolate bars and 2 bottles of lemonade. Then subtract from £5 to find the change. But first we need to change 45p into £0.45.

2 Calculate the solution.

The total cost is,

Then we need to find the change,

5-3.75=1.25 .

3 Write the answer with the correct units.

Frankie’s change is £1.25.

Example 2: ratio

Ali and Ben share some money in the ratio of 4:7. If Ben receives £10.50 more than Ali, work out the amount of money Ali receives.

We have been given the difference in the amount of money Ali and Ben receive.

Looking at the ratio, the difference in parts is 3 parts, 

We can divide the difference by 3 and find the size of each part. Then we can work out how much money Ali gets.

One part is

10.50\div 3=3.50.

Ali gets four parts,

3.50\times 4=14.

Ali receives £14.

Note that Ben receives £24.50, so £10.50 more, and the total money shared was £38.50.

Example 3: fractions

A laptop costs £350. A sale offers \frac{1}{5} off the price. Calculate the sale price of the laptop.

We have to find one fifth of the cost, and subtract it.

First we find the fraction of the amount.

350\div 5 = 70.

So \frac{1}{5} of 350=70.

Then we subtract this from the original price,

350-70=280.

The new price of the laptop is £280.

Example 4: percentage increase

A railcard costs £430. The price is going up by 23\%. Calculate the new price of the railcard.

We need to find 23\% of the amount and add it on.

Therefore 23\% will be

(2\times 43)+(3\times 4.30)=86+12.90=98.90.

Because the question wants an increase, we add this to the original amount.

430+98.90=528.90

The final answer for the new price of the rail card is £528.90.

Alternatively you could use a multiplier,

430\times 1.23=528.90.

Example 5: best buy

Cereal can be bought in two different ways.

A small box contains 200g and costs 89p.

A large box contains 700g and costs £3.45.

Find which box is the best value for money.

There are several ways we can find out which cereal box gives the best value for money. We could work out grams per pence by dividing the mass by the price.

First we need to make sure both prices are in the same units. Let’s change the £3.45 into 345p.

Small box – grams per pence,

200\div 89=2.24719…

Large box – grams per pence,

700\div 345=2.02898…

2.24719… grams per pence is greater than 2.02898… grams per pence. This means that when you buy the small box, you get more cereal per penny you spend.

Therefore the small box is better value for money.

Example 6: exchange rates

Sofia went to Portugal. She changed £160 into euros (€).

The exchange rate was £1 = €1.17.

How many euros did Sofia receive?

We need to use the exchange rate and multiply the amount in pounds to get the amount in euros.

The solution is €187.20.

Common misconceptions

You might be asked to leave your answer in terms of pounds and pence. If your answer is 3.4, write it as £3.40, using two decimal places to represent the pence part.

Finding the change from paying with notes can be tricky if you are not using a calculator because of the zeros involved. You may wish to use a number line instead and count on. For example, finding the change from £10 for a 3.72 shopping bill.

Money problems maths misconceptions

Practice money problems maths questions

1. A bottle of cola costs £1.35 and a bag of crisps costs 70p. Lamia buys 3 bottles of cola and 5 bags of crisps. She pays with a £10 note. Calculate the change Lamia gets.

GCSE Quiz False

70p written as pounds is £0.70. The total cost is

The change can be found by subtracting the total cost from 10,

The change is £2.45.

2. Sharon and Tania share a bill in the ratio of 5:3. If Tania pays £38 less than Sharon, what is the total amount of the bill?

The difference in the ratio parts is

The difference is £38, since this is equivalent to two parts it is divided by 2.

One part is £19.

The total number of parts is

Therefore the total amount of money for the bill is

3. A coat costs £60. A sale offers \frac{1}{4} off the price. Calculate the sale price of the coat.

We can find the fraction of the amount and then take it away from the original price.

The sale price of the coat is £45.

4. A football season ticket costs £970. The price is being reduced by 15\%. Find the new price of the football season ticket.

We can find 15\% of £970, and then, because the price is decreasing, we can subtract it from the original price.

Therefore 15\% is

The new price will be

5. A large box of washing powder costs £4.85 for 950g.

A small box costs 55p for 100g.

Work out which box gives better value for money.

Large box, as 1.958 grams per pence is better value than 1.818 grams per pence.

Large box, as 0.51 grams per pence is better value than 0.55 grams per pence.

Small box, as 1.818 grams per pence is better value than 1.958 grams per pence.

Small box, as 0.51 grams per pence is better value than 0.55 grams per pence.

There are different ways to work out the best value. One way is to calculate grams per pence and see which gives the highest value.

Large box grams per pence,

Small box grams per pence,

The large box gives a greater amount of grams per pence, so is better value.

6. Ranjeev goes to Australia. He changes £325 into Australian dollars (\$). The exchange rate is £1 = \$1.74. Exchange £325 into Australian dollars.

As we are converting pounds to dollars, we need to multiply by the exchange rate.

Money problems maths GCSE questions

1. 2 apples and 3 bananas cost £1.40.

5 apples cost 95p.

Work out the cost of 3 apples and 4 bananas.

Give your answer in pounds and pence.

2. Mike is going shopping for clothes for a new job. He has £150 to spend.

He buys 3 pairs of trousers for £29 each. He sees shirts cost £12 each.

Work out the maximum number of shirts Mike could buy.

  So 5 shirts is the most he can buy.

3. Jonathan went to America.

He exchanged £750 into American dollars (\$).

The exchange rate was £1 = \$1.23.

(a) Exchange £750 into American dollars. Give your answer to the nearest 10 dollars.

(b) Jonathan brings \$147 back home.

Exchange \$147 into UK pounds.

Give your answer correct to the nearest pence.

\$922.50 is \$920 to the nearest 10.

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Money Basics  - Financial Problem Solving Strategies

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Money Basics: Financial Problem Solving Strategies

Lesson 2: financial problem solving strategies.

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Financial problem-solving strategies

person carrying heavy weight with dollar sign

Have you ever experienced a financial problem? Do you feel like finances are holding you back from reaching your goals? This lesson will give a brief overview of the general problem-solving process and how to apply it to the most common financial problems.

The problem-solving process

First, let's take a look at a general problem-solving process that you can apply to any situation, not just a financial one.

Identifying the problem

credit report with low credit score of 360

The first step in the problem-solving process is to get to the root of the problem and understand what you need to overcome. Here is a list of the most common financial problems people may face:

When thinking about these common problems, each one falls into one of three areas: You need more money, you need to reduce your debt, or you need to change how you spend.

Making a plan

After identifying the problem you need to overcome, it's time to make a plan. Not sure where to start? No worries! We have you covered with some tips and places to begin.

Problem 1: You need more money . Whether you've lost your job, met an unexpected expense, or are working on becoming more financially independent, a form of income is necessary.

If you are a looking for additional work or maybe just a better-paying job, take some time to update your resume and cover letter. Make sure they are neat, up to date with your most current information, and free of spelling and grammar errors.

Be wary of any advertisements or jobs that offer fast, easy money. A lot of quick-cash methods come with unintended consequences. More often than not, if something sounds too good to be true, it probably is.

Problem 2: You need to reduce your debt . With high interest rates or the need to live paycheck to paycheck, high debt can be debilitating. Sometimes it feels like climbing a neverending mountain with an invisible peak. However, by prioritizing and negotiating your debt, you can make it more manageable.

Try listing all of your debt and the interest rates associated with each. Focus on paying off the ones with the highest interest rates first. If you're having trouble making payments, call the loan company and see if it can offer any solutions for you. The company may be able to lower your interest rate or offer a temporary forbearance to help you get back on your feet. If you need more help tackling your debt, you may want to contact a professional debt counselor like Consolidated Credit.

Problem 3: You need to change how you spend . Going from financial problems to a healthy financial status often requires organization and a shift in thinking. Avoiding overspending, building your savings, and gaining financial independence can often be accomplished with good spending habits.

The first thing you may want to try is creating a budget. There are many templates and resources available to help you create one. Sticking to one can be challenging, but simply having a budget laid out can help you see where you need to start spending less.

In addition to your budget, create a savings plan. Start out small. Even stowing away an extra dollar or two here and there can make a big difference. Also, try placing your savings in a place you cannot easily access. For example, create a savings account at a bank you don't usually use. The more difficult it is to access your money, the less likely you are to spend it.

Implementing the plan

person on ladder climbing to metaphorical financial security

Although the explanation of this part is the simplest, this is often the most difficult part to actually execute. It requires self-discipline and perseverance. The most important part of this step is to know that if your plan doesn't work or if you have a difficult time sticking to it, all is not lost. If it happens, move on to the next step, evaluate your plan, then repeat the process.

Overcoming financial obstacles can require changing your lifestyle, and this does not happen overnight. However, just having a plan itself can help to give you confidence and reassurance that you can eventually overcome whatever is in your way.

Evaluating your plan

As you implement your plan, you'll need to continually evaluate it. Maybe something happens and your original plan needs to change. Perhaps you've learned more along the way and realize that your original plan was incomplete. Or maybe your first plan went as planned and was a success. No matter the circumstances, it is always a good idea to look back and re-evaluate. Try answering these questions:

Financial obstacles can often seem debilitating and impossible to overcome. They often create a significant source of financial anxiety . We hope this lesson will help give you the confidence to take on your problem one step at a time so you can conquer your anxiety and move forward.

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    Step 1: Recognising Coins Year 1 Summer Block 5 Resources. Recognising Coins Year 1 Resource Pack includes a teaching PowerPoint and differentiated varied fluency and reasoning and problem solving resources for Summer Block 5. (0 votes, average: 0.00 out of 5) You need to be a registered member to rate this.

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