Classroom Economy 2010-2011 Revisions: Online Banking-This year we will incorporate online banking through http://www.smartpiggybank.com/. Students will keep up with debits and credits and post this through online banking on their personal laptop. A user name and password has been given to each student, and permission to deduct and deposit money will be left to individual students. Earning Money/Losing Money- After holding a class discussion, we decided on working towards purchases on a monthly basis. This will include items such as homework passes, dropping a low grade, books, and classroom materials. Junk food will not be offered in our yet to be named store (and yet to be named money). 2008-2009 Revisions: Online Banking-This year we will incorporate online banking through http://www.smartpiggybank.com. Students will keep up with debits and credits and post this through online banking during technology time. A user name and password are given to each student, as well as an option to post details for each transition. Checks will be used as frequently as they are in real life. Not very often. Trinkets Debate- I feel pretty strongly against extrinsic rewards, however, I do want to reward students that earn a lot of money because it equals hard work. This can only come from turning in all work, participating in the Extra Mile Club, doing extra jobs, etc. My solution is to offer the top 5 earners each 6 weeks the opportunity to select one "free coupon" of their choice. This includes a purchase of a book at our local bookstore, dinner with me and my family, a feature role in our next video production, exclusive rights to our couch for one week, or a free book for publishing. These type of rewards keep me and my students happy. Download our coupon sheet here. Top earners go first. One coupon per class (e.g. only one gets the couch coupon). Quick Links (Not Working Yet): Job Titles/Descriptions----Application---Ways to Earn Extra Money (and Lose Money)---How Does it Work? ---Blank Checks (Word)---Blank Checks (PDF) |
When I first start the economy system, I began with applications and a general overview of each job. I then accepted applications and conducted one on one interviews with each student (mainly recess time). This is then followed with more one on one training for the different jobs. For example, custodians will have photos posted and a checklist in their area to help find things that are out of order...bankers learn how to conduct business and handle difficult customers/challenges. |