I am excited to report that today we started a "Classroom Economy". Here is the letter that I shared with the students today:
Dear Class,
Starting today you will
get to earn, lose, and spend play money in our classroom economy.
If you perform your
job and responsibilities, you will be paid at the end of each week. If you miss
your job due to anything but an absence, you will be docked pay for that day.
You may be docked an entire week, depending upon the circumstances.
After balancing your
books at the end of each week, students “in the green” will be paid and can purchase
items from the rewards list!
If
you’ve entered into debt (in the red), you will have to do various activities
in the classroom to earn money and get “in the green”.
Good luck!
Mrs. Gibbs
Here are the "Earnings", "Fines", and "Expenses":
Activity Earning
|
Arrive to class on
time
|
$1.00
|
|
Following lunch rules
|
$1.00
|
|
Reading log
complete and at school each day
|
$1.00
|
|
Returned forms next
day
|
$3.00
|
|
Classroom job
|
varies
|
|
Spelling Book at
school on Fri.
|
$3.00
|
|
Using
Kind Words and Treating Others with Respect Each Day
|
$1.00
|
Classroom
Jobs
Activity Earning
|
Attendance
|
$5.00/
week
|
|
Lunch Helper
|
$5.00/
week
|
|
Hand Out Helpers
|
$4.00/
week
|
|
Pencil Sharpener
|
$2.00/
week
|
|
Calendar
|
$5.00/
week
|
|
Chair Detective
|
$3.00/
week
|
|
Pick a Pizza
|
$3.00/
week
|
|
Board Eraser
|
$2.00/
week
|
|
Clean Up Helper
|
$3.00/
week
|
|
Classroom Library
|
$3.00/
week
|
|
Classroom Supplies
|
$3.00/
week
|
|
Caretaker of
Wildlife
|
$2.00/week
|
|
Hallway Police
|
$5.00/week
|
Fines
Activity Fee
|
Inappropriate
language/behavior/hands on others
|
$5.00
|
|
Not following lunch
expectations
|
$4.00
|
|
No name on
assignments
|
$3.00
|
|
Calling
out during class (not raising hand)
|
$1.00
|
|
Damaging materials
|
$5.00
|
|
Messy desk
|
$1.50
|
|
Not tucking in
chair
|
$1.00
|
|
Forgetting
materials at home (Agenda, Library books)
|
$2.oo
|
|
Personal belonging
found on the floor (except outdoor shoes)
|
$5.00
each
|
|
Not following
instructions and routines
|
$2.00
|
Expenses
Rent is due at
the beginning of each month unless you work out another arrangement with your
Teacher. *Our rent will be due on the 17th of each month.
Activity Fee
|
Desk rental
|
$5.00
|
|
Chair rental
|
$4.00
|
|
Coat hook rental
|
$2.00
|
|
Classroom rent
|
$8.00
|
|
Sharpener rental
|
$1.00
|
|
Extra pencils,
pens, erasers
|
$2.50
|
|
Glue stick and
scissor rental
|
$1.00
|
Every Friday afternoon we will "balance our books". Students will use this chart to determine what they have in their "bank account"
_______________________________________________’s
Bank Book
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Transactions
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Withdrawal
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Deposit
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Balance
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Rewards:
After balancing the books students may wish to purchase a "reward". They will need to ensure that they can still pay their "rent" for the month before they can purchase. It will take some time for students to save their money. Here is an example of some of the rewards and costs. I am always open to new ideas for rewards!
Rewards
Item Cost
|
One
Week off from Reading Log
|
$50.00
|
|
One
Week off from Spelling
|
$50.00
|
|
Write
with a pen all day
|
$40.00
|
|
Sit
Where-ever you want for a whole day
|
$35.00
|
|
Wear
a hat all day
|
$35.00
|
|
Choose
the DPA Activity
|
$30.00
|
|
30
min of FREE TIME
|
$50.00
|
This program was created by Mrs. Garlow who teaches the Grade 2/3 class across the hall! We have adapted it to meet the needs of our class. I am so excited to try this out because I see so many benefits:
-it helps with classroom management
-teaches real-life financial literacy skills
-extra math practise with addition and subtraction
If you have any questions or comments about our new "Classroom Economy" please do not hesitate to contact me!
