During class, I will be teaching the students the basics of "real-world" math. In this "real world" application of math I will focus on how to set up and maintain a checking account. Students will have to create a budget and learn how to manage personal finances. They will be required to pay bills after they receive a paycheck for "coming to work".
This year, I will be using an online banking system with the class.
There will be incentives for positive behavior, helping, and good work. The main incentive program involves a classroom economy in which the students will learn "real word" financial skills. I will be teaching students responsibilities which include opening and maintaining a checking account, earning a paycheck, paying bills, and budget planning.
weekly job $250 paycheck ($50 a day for doing your job)
returning weekly reports on time...Monday=$20, Tuesday=$10
good sub report (amount varies depending on report left by sub...up to $500)
"That's Life" drawings
bills due on the 10th of each month (Rent $200, Water $25, Electric $25)
bid items
"That's Life" drawings
Late work assignments ($20 fine/assignment)
Extra Locker Visits
iPad Charging/forgotten