During class in August and the first part of September, 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".
Link to The First Bank of Ludwig
Username: student's 29***
Password: student 6-digit password
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
providing a service to other students such as cleaning out desks, organizing binders, etc...
good sub report (amount varies depending on report left by sub...up to $500)
displaying good behavior
behavior chart incentives
behavior wheel incentives
"That's Life" drawings
school spirit days
bills due on the first Friday of each month (Rent $200, Electricity $25, Water $25)
$50 for an extra copy of an assignment because you lost or misplaced it
$20 for a late homework assignment
$10 extra trips to locker during class or a special
iPad charging/forgotten
behavior wheel fines
bid items
"That's Life" drawings
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