Counting Money and Making Change

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Counting money and making change is the skill of working out how much a group of coins and notes is worth, and how much money to give back when a customer pays more than the price of an item. In Singapore, money is counted in dollars ($) and cents (¢), with 100 cents making up one dollar. Coins come in 5¢, 10¢, 20¢, 50¢ and $1, while notes start at $2, $5 and $10.

To count money, you add the value of each coin and note together, usually starting with the larger amounts. Reading an amount like $7.70 as "seven dollars and seventy cents" links the written figure to spoken language. Change is the difference between the money paid and the price: $5.00 paid for a $3.00 item gives $2.00 change.

A reliable way to find change is the count-up method — start at the price and count up to the amount handed over. These ideas build everyday number sense for shopping, saving and simple subtraction, and form a foundation for later work on decimals and budgeting.

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Frequently asked questions

How many cents are in a dollar in Singapore?
There are 100 cents in 1 dollar. So 50¢ is half a dollar, and 100¢ is the same as $1.00.
What coins and notes do we use in Singapore?
Singapore coins are 5¢, 10¢, 20¢, 50¢ and $1. Common notes are $2, $5, $10 and larger. A bigger coin is not always worth more — for example, the 20¢ coin is larger than the $1 coin.
What does 'change' mean when buying something?
Change is the money the cashier gives back when you pay more than the price. If a toy costs $4 and you pay with a $5 note, your change is $1, because $5 − $4 = $1.
What is the count-up trick for making change?
Instead of subtracting, you start at the price and count up to the amount paid. For a $7 item paid with $10, count up $7 → $8 → $9 → $10, which is 3 steps, so the change is $3.
How do you count money that has both notes and coins?
Count the notes first because they are worth more, then add the coins. For example, $5 + $2 + 50¢ + 20¢ comes to $7.70, read as "seven dollars and seventy cents".

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