We use money every day. Knowing your coins and notes helps you pay the right amount and check your change.
Why this matters: Being careful with money is a good habit. You can save some, spend some, and give a little as sadaqah to help others.
Coins and notes
British coins are: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Notes are £5, £10, £20 and £50.
There are 100 pence in one pound. So 100p = £1.00.
Writing amounts
We can write an amount in pence or in pounds. £2.35 means 2 pounds and 35 pence. Always use two digits after the dot for the pence.
| In pence | In pounds |
|---|---|
| 150p | £1.50 |
| 305p | £3.05 |
Adding amounts
A drink costs £1.20 and a snack costs 60p. Add them: £1.20 + £0.60 = £1.80.
Working out change
Change is what you get back. Take the cost away from the money you paid.
You pay £2.00 for a toy that costs £1.35. Change = £2.00 − £1.35 = 65p.
Budgeting pocket money
If you get £5 pocket money, you might spend £3 on a book, save £1, and give £1 as sadaqah. That all adds up to £5, so your plan works.