Content

• Steps
• Advice

Counting money is easy, but it's also helpful to know how much change you have. It's also a great way to practice calculating. You may find learning to count money accurately is a quick and enjoyable task, especially suitable if you work in retail or related to cashiers.

Steps

Part 1 of 2: Counting coins

1. 

   Gather all the coins. The first thing to do is to collect all the coins in your pocket, purse or wherever you are holding. Spread them on a flat surface so all coins are visible, making sure no coins are intertwined. Thus, you can distinguish coins easily.

2. 

   
   
   Sort by size and value. The next step is to divide the coins into groups by value. For example, putting 5-cent coins in one place, 10-cent coins in one place, and so on. Keep working until you have piles of coins in par value. Put the coins into stakes. You will have a collection of small coin stakes on the table.
   • The size and color of the coins help you sort easily and quickly.
   • You can work in descending order from high to low by grouping $ 1 coins in one place, followed by 25 cents, 10 cents, 5 cents, and finally 1 cent.

3. 

   
   
   Calculate the value of each coin deposit. Now you will count each coin stakes to determine their value and record. For example, if you have a coin deposit of 10 coins and 1 cent, record the value of that coin as 10 cents. Five 50 cents? Please write 2.5 dollars. Finally, complete the counting of each coin stake.
   • You can also write as a tally table. With the column heading showing the face value of each coin, you can highlight the number of coins by that par value and calculate the sum.
   • If you have many coin stakes, you need to determine exactly which stakes you have counted. You can do this by shifting them aside after counting. For example, keep stakes of untold coins to the right and shift to the left after counting.

4. 

   
   
   
   
   Add it all up. When you know the value of each deposit, you need to add the value of the stakes to get the total value. You can add up while working to get faster. If you think you can forget, write down the value of each deposit so you can review and calculate the final sum.

5. 

   Consider using a coin sorter. If you have a lot of coins or need a regular coin sorting machine for work, you should use a coin sorter. This device will rank coins according to face value. Some more modern machines can count and calculate a total value.
   • You can find cash counters in a bank or store and use them, but note that they usually charge a fee.
   • The most popular coin counter in America has a service fee of about 10% of the total coin value you count.
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Part 2 of 2: Counting banknotes

1. 

   
   
   Arrange banknotes. After counting coins, you can switch to counting banknotes. Basically, you do the same thing with coins, which is to divide the banknotes into groups of the same denomination and calculate the value of each group of money. The first step is to spread the paper money out on the table so you can see each sheet clearly. Then, group them.
   • For example, you have a pool of 5 dollars, a 20 dollar bill, and so on.
   • Depending on how much paper money you have, the calculation can be quite quick or a bit too long.
   • If you have a lot of banknotes, start with the one with the largest denomination. Group $ 100, $ 50, and $ 20 bills. Next, come up with $ 10, $ 5, and $ 1 bills.

2. 

   
   
   Count and record groups of banknotes. Now that you've put the money into groups, all you have to do is count and calculate each group of money. If you have 5 20 dollar bills, that means 100 dollars. Just like coins, you can count each group of money and write the amount on a piece of paper, then calculate the total value. If you are confident with your calculation abilities and memory, you can do mental arithmetic during the counting process and record the final sum at the end.
   • Another way is to create a table with a column header showing denomination, listing amount, and summing.
   • For example, if you have two $ 50 bills, three $ 20 bills, four $ 10 bills, two $ 5 bills and six $ 1 bills, your total column would say: "100, 60, 40 , 10, 6. " You add up all of those sums and the final value, hopefully, will be $ 216.

3. 

   
   
   Total value of banknotes and coins. The final step is to calculate the total value of coins and banknotes. You will have the total value of the money just counted. Record that value and keep track of your personal finances and budget.
   • If you're going to put money in the bank, you can put it in a special bank savings bag. You can write the value of the money out of the pocket.
   • For banknotes, clip them to your deposit slip if you intend to deposit them in the bank.
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Advice

• Carefully check the calculation results to ensure accuracy.
• Keep sheets of paper showing the count amount and the total value for personal records. This way not only helps you record your finances, but also track how fast your spending is.
• Play online money counting games to practice and improve your math skills.