Class 2 Exam  >  Class 2 Notes  >  Mathematics for Class 2  >  Chapter Notes: Money

Money Class 2 Notes Maths

Currency Notes

Money Class 2 Notes Maths
These are the bigger currency notes.
Money Class 2 Notes Maths

Coins

Money Class 2 Notes Maths

We can combine small coins or notes to get larger value of money. 10 rupees can

be got by combining different coins as:
Money Class 2 Notes Maths


Problems Based on Real Life Situations

Example 1: A book costs ₹ 130 and a pencil box costs ₹ 90. Mona gives ₹ 250 to a shopkeeper to buy these two things. How much money does she get back?

Cost of the book = ₹ 130
Cost of the pencil box = ₹ 90
Total cost of the two items = ₹ 130 +₹ 90 = ₹ 220
Money given to the shopkeeper = ₹ 250
Total amount spent = ₹ 220
So, money returned = ₹ 250 – ₹ 220 = ₹ 30
Mona gets back ₹ 30.
Money Class 2 Notes Maths

The document Money Class 2 Notes Maths is a part of the Class 2 Course Mathematics for Class 2.
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FAQs on Money Class 2 Notes Maths

1. What is the importance of financial literacy?
Ans. Financial literacy is important because it equips individuals with the knowledge and skills needed to make informed financial decisions. It helps in understanding concepts like budgeting, saving, investing, and managing debt, leading to better financial well-being and the ability to achieve financial goals.
2. How can I improve my financial literacy?
Ans. There are several ways to improve financial literacy. You can start by reading books or taking online courses on personal finance. Additionally, attending workshops or seminars, seeking advice from financial advisors, and regularly staying updated with financial news and trends can also enhance your financial literacy.
3. What are some common money management mistakes to avoid?
Ans. Some common money management mistakes to avoid include overspending, failing to budget, not saving for emergencies, accumulating high-interest debt, and not investing for the future. By avoiding these mistakes, individuals can maintain better financial stability and achieve their financial goals.
4. How can I create a budget to manage my money effectively?
Ans. To create a budget, start by tracking your income and expenses. Categorize your expenses into fixed (rent, bills) and variable (groceries, entertainment). Allocate a portion of your income towards savings and prioritize essential expenses. Regularly review your budget, make adjustments as needed, and ensure that you are living within your means.
5. What are the benefits of saving and investing money?
Ans. Saving and investing money have various benefits. Saving helps create an emergency fund for unexpected expenses and provides financial security. Investing allows individuals to grow their wealth over time through the power of compounding and helps in achieving long-term financial goals such as retirement or purchasing a home.
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