Classroom Economy
Banking Information: www.MyKidsBank.org Bank ID: 45564 User Name: First name and first initial of your last name, all one word (Ex. ThomasJ, JohnH, BenjaminF, GeorgeW) Password: Your birthday (MMDDYYYY) (Example: 05292008, 01102008) First paycheck will be deposited on the first of the month. Rent will be withdrawn on the 15th. Bonus money will be added each Friday. Please talk to the Head Banker or Banking Assistant with any questions! |
This year, we will build an economy within the walls of our classroom. This will give students the opportunity to develop real-world skills such as working, receiving a paycheck, paying rent on their desk, buying their desk, paying taxes, and paying fines (or sanctions as we will call them). The classroom economy helps students learn valuable life skills such as organization, the value of saving, and delayed gratification. Rather than being told about the importance of these skills, they actually experience them.
Students will be paid $500 monthly for completing their classroom jobs. Students who apply for a job that requires a referral, or students that choose to have a written referral, will earn a one time $100 bonus. They will also have the opportunity to earn bonus money for going above and beyond in the classroom or school community.
We will also be using ClassDojo to award points for model behavior. These points may be traded in for classroom money. ClassDojo will also be a way to communicate with parents via text message and send reminders, pictures, ect.
Once a month, Ms. Shoulders and I will open the classroom store and/or hold an auction where students may use their money to buy rewards, privileges, and more!
Don’t be surprised if your student comes home one day with questions about paying rent or regrets about overbidding for an auction item. You might find it a great opportunity to have a thoughtful discussion about financial responsibility. If you have any questions about the classroom economy, please feel free to contact me!
Students will be paid $500 monthly for completing their classroom jobs. Students who apply for a job that requires a referral, or students that choose to have a written referral, will earn a one time $100 bonus. They will also have the opportunity to earn bonus money for going above and beyond in the classroom or school community.
We will also be using ClassDojo to award points for model behavior. These points may be traded in for classroom money. ClassDojo will also be a way to communicate with parents via text message and send reminders, pictures, ect.
Once a month, Ms. Shoulders and I will open the classroom store and/or hold an auction where students may use their money to buy rewards, privileges, and more!
Don’t be surprised if your student comes home one day with questions about paying rent or regrets about overbidding for an auction item. You might find it a great opportunity to have a thoughtful discussion about financial responsibility. If you have any questions about the classroom economy, please feel free to contact me!