Classroom Economy
Our class will implement a classroom economy system during this school year. It’s an excellent tool for teaching financial responsibility, behavior management and many other things. I think the children will enjoy it. I want to let you know how it works.
Our class will implement a classroom economy system during this school year. It’s an excellent tool for teaching financial responsibility, behavior management and many other things. I think the children will enjoy it. I want to let you know how it works.
Using classroom “currency,” students earn money for jobs and pay rent for their desks. They can earn bonus cash by completing work that is above and beyond, helping others, and having a positive attitude. On the other hand, students who don’t meet classroom expectations will be fined some of their classroom dollars. That could happen, for example, if they are off task or talking while another student is talking.
Using classroom “currency,” students earn money for jobs and pay rent for their desks. They can earn bonus cash by completing work that is above and beyond, helping others, and having a positive attitude. On the other hand, students who don’t meet classroom expectations will be fined some of their classroom dollars. That could happen, for example, if they are off task or talking while another student is talking.
The classroom economy helps children to 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. In addition, the system fits in well with the other parts of our curriculum.
The classroom economy helps children to 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. In addition, the system fits in well with the other parts of our curriculum.
We’ll also have a little fun with it. After paying rent, students can save money to spend at monthly auctions where they get to bid on items everybody likes. The children will certainly enjoy themselves, and I know you will appreciate the skills and knowledge they learn along the way.
We’ll also have a little fun with it. After paying rent, students can save money to spend at monthly auctions where they get to bid on items everybody likes. The children will certainly enjoy themselves, and I know you will appreciate the skills and knowledge they learn along the way.
Our system is based on the “My Classroom Economy” program developed as a volunteer project by employees of Vanguard, one of the world’s largest investment management companies, in partnership with Rafe Esquith, an awardwinning fifth-grade teacher who is the author of There Are No Shortcuts and Teach Like Your Hair’s On Fire.
Our system is based on the “My Classroom Economy” program developed as a volunteer project by employees of Vanguard, one of the world’s largest investment management companies, in partnership with Rafe Esquith, an awardwinning fifth-grade teacher who is the author of There Are No Shortcuts and Teach Like Your Hair’s On Fire.
So don’t be surprised if your child 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.
So don’t be surprised if your child 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.
If you have any questions about the classroom economy, please feel free to contact me.
*We would also welcome any small items you would like to contribute to our auctions*
*We would also welcome any small items you would like to contribute to our auctions*
