Money Math Practice Test for 3rd Grade – [Hard]

Table of Contents

    Money is not just paper and coins. It’s a concept, an idea, and a crucial life skill. For many, the journey of understanding money starts early. At Brighterly, we believe that the 3rd grade is the perfect time to introduce children to the complexities and importance of money. Dive in with us as we explore the essentials of money for 3rd graders.

    Understanding the Basics: Coins and Bills

    Children in 3rd grade are usually familiar with different types of money, but they might not understand their exact values or how they relate to one another.

    • Coins:

      • Penny: Worth 1 cent.
      • Nickel: Worth 5 cents.
      • Dime: Worth 10 cents.
      • Quarter: Worth 25 cents.
    • Bills:

      • $1, $5, $10, $20, and up.

    Using physical money or printable money worksheets can help kids visualize and practice adding, subtracting, and making change.

    Earning and Saving: The Core of Financial Literacy

    By 3rd grade, children can start to grasp the concept of earning money for chores or tasks. Introduce them to the idea of an allowance or reward system. This not only teaches them the value of hard work but also instills a sense of responsibility. Discuss with them the importance of saving and maybe even open their first savings account.

    A fun activity can be creating a “store” at home. Let them “buy” and “sell” items using their play money. This interactive play will help solidify their understanding of monetary transactions.

    Wants vs. Needs: Making Wise Spending Choices

    One essential lesson in finance is distinguishing between wants and needs. This is a great age to introduce this concept. Use real-life examples like the difference between buying a toy and buying school supplies. Maybe use a budgeting app for kids to help them prioritize their spending.

    Introduction to Banking: Beyond the Piggy Bank

    While piggy banks are fun, the concept of banks can be introduced in 3rd grade. Discuss how banks keep money safe, the idea of interest, and the difference between checking and savings accounts. Consider taking a field trip to a local bank, or explore online bank tours to make this concept come alive.


    Money management is a life skill, and starting early can set kids up for financial success. At Brighterly, we’re dedicated to making math and money concepts accessible and enjoyable for all children. From coins and bills to saving and spending wisely, 3rd grade is a prime time to start this financial journey. Explore our resources, and let’s make learning about money a brighter experience for our kids.

    Money Practice Test for 3rd Grade

    Get ready for math lessons with Brighterly! We know how vital mastering money concepts is for young learners. That's why we've curated this rigorous test, tailored especially for those looking to push their boundaries and shine even brighter.

    1 / 15

    If you have three $10 bills and seven $1 bills, how much money do you have in total?

    2 / 15

    James wants to buy a toy that costs $45. He has $28. How much more money does he need?

    3 / 15

    Lisa spends $15 on books and $12 on pencils. If she started with $50, how much money does she have left?

    4 / 15

    John has 5 quarters, 7 dimes, and 6 nickels. How much money does he have in total?

    5 / 15

    If pencils cost 45 cents each, how many pencils can you buy with $4.50?

    6 / 15

    A toy car costs $3. If you buy 4 toy cars and give the cashier a $20 bill, how much change will you receive?

    7 / 15

    Tom buys 3 packs of cards for $2.50 each. He pays with a $20 bill. What is his change?


    8 / 15

    A toy store has a 50% off sale on toys that originally cost $16. How much will the toy cost now?

    9 / 15

    If a chocolate bar costs 75 cents and an apple costs 50 cents, how much will it cost to buy 3 chocolate bars and 2 apples?

    10 / 15

    Mike has $50. He spends $7 on a toy, then $13 on a book. After that, he saves half of what's left. How much does he save?

    11 / 15

    A pack of stickers costs $4. If the price is reduced by $1, how many packs of stickers can be bought for $12?

    12 / 15

    A water bottle costs $6. If you have $3 and save an additional $1 every week, how many weeks will it take you to have enough money to buy the water bottle?

    13 / 15

    A toy store has toys for $8 each. If you buy 3 toys and get a 4th toy for free, how much do you spend in total?

    14 / 15

    Linda buys 2 toys for $5.50 each and a puzzle for $6. If she pays with a $20 bill, how much change will she receive?

    15 / 15

    A store offers a 'buy 2 get 1 free' deal for candies priced at $2 each. How much will it cost to buy 6 candies?

    Your score is


    Poor Level
    Weak math proficiency can lead to academic struggles, limited college, and career options, and diminished self-confidence.
    Mediocre Level
    Weak math proficiency can lead to academic struggles, limited college, and career options, and diminished self-confidence.
    Needs Improvement
    Start practicing math regularly to avoid your child`s math scores dropping to C or even D.
    High Potential
    It's important to continue building math proficiency to make sure your child outperforms peers at school.

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