👉 Penny math is a simplified method of financial calculations that uses pennies (or cents) to make everyday money problems more intuitive and accessible. It involves rounding numbers to the nearest penny (or cent) and then performing arithmetic operations, often using basic addition and subtraction. For example, if you have $1.25 and want to know how much change you get for 50 pennies, you round $1.25 to $1.00 and subtract 50 pennies (which equals $0.50), leaving you with $0.75 in change. This approach makes budgeting, saving, and understanding basic financial concepts much easier by focusing on small, manageable units of currency.
