Importance of Math in Business for Kids

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Importance of Math in Business for Kids

math

Math may or may not be your favorite subject, but it is a subject that will be important for the rest of your life. Math is used in all business-related careers as well as many other types of jobs. You'll also need math in everyday life: You'll use math to shop for food or clothing, pay bills, or book a fun vacation. A lot of the math you will use all the time is money math. You'll need to get good at counting money and figuring out whether you have enough money to pay for things. Knowing how to use percentages is also helpful for things like figuring out how much something costs when it's on sale or figuring out how much it will cost for you to borrow money. When you run a business, you'll need to spend a lot of time doing math so you can understand how much you're spending and how much you're making. You will be a more successful person in any business if your math skills are strong. Luckily, there are lots of resources online that can help you get better at math, and many of them are fun, too!

Math and Money

Business

  • Free Printable Money Quiz for Kids: You'll need to use money to do business, whether you run your own business or you're a customer, and this printable quiz can help you learn how to count money accurately.
  • The Trading Game: Try this simulation game to learn about how goods are traded between different countries.
  • Coin Memory Match Game: Memory is a great game, and here, you can practice memory skills and remembering what coins are worth.
  • Barter vs. Money: Learn about the differences between bartering for goods and paying with money.
  • Change Maker Game: Make a purchase and practice figuring out the correct change you should receive.
  • Garage Sale Wizard Game: Host a virtual garage sale, look at the offers for each of your items, and decide which offer you should accept to make the most money.
  • Jay Starts a Business: Walk through starting a business with Jay and see how to grow and run a successful business.
  • Fun Math Game Printables: These games are a solution to boredom when you are not going to have access to the Internet.
  • Ice Cream Truck Business Simulation Game: Run your own ice cream truck and see how well you do!
  • Money Worksheet: Make sure you know exactly how to count money.
  • Introduction to Interest: Learn the basics of what interest is and how it affects people and business owners.
  • Working Capital: For older students, this game looks at the financial factors that go into running a business, from buying materials to selling goods.
  • Cookie Tycoon: Play this fun game and see if you can earn a profit selling cookies and cakes at your own bakery.
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