Classroom Economy will be shut down as of January 2024

Through My Classroom Economy, students learn valuable life skills in an mock "real world" way.  Specifically, they are able to:

• Take part in a simulation of real-world economic activity.

• Learn the value of earning a paycheck, as they bank salaries from their jobs.

• Learn how to budget their spending, balance a checking account, and make scheduled payments.

• Discover the importance of saving money to obtain what they want.

• Find out that every decision has an opportunity cost.

All students will have a job for the year, will earn income for doing their job, pay rent, fines, and taxes.  At this grade level, students earn and spend dollar amounts of three and four digits to match their math skills. They are also given more documents to deal with—for example, bank slips for deposits and withdrawals—to emphasize the importance of recordkeeping and attention to detail. The documents also provide key data for reflection during the year-end wrap-up.

Once a month they will be able to go shopping at our Classroom store. Example of items are:

• A day pass to listen to music while you work

• A day pass for no shoes in the classroom

• A day pass for chew gum in the classroom

• A day pass for sitting in the teachers chair

• A day pass to wear a hat in the classroom

• A day pass to wear slippers in the classroom

• A pass to have lunch in the classroom with the teacher

• Small items like: toys, puzzles, scented markers, etc

FINES

In the classroom economy, the role of fines is to help students understand costs and consequences—it is not to punish them. 

CONDUCT TICKET AMOUNT

Dishonesty $500

Disrespect in class or specials $100

Off-task behavior $50

Talking during transport $50

Messy desk or binder $50

Job infractions $75

Serious offenses will result in a pink conduct slip and conduct points on their report card.

Fine Officers write tickets for fines, however they are reviewed by Mrs. Boleyn prior to being given to the students.  Fine Officers are to have all tickets for the week turned into the fine box on Mrs. Boleyn’s desk by the end of the day on Thursday.  Mrs. Boleyn will review tickets and return them to the Fine Officers to pass out on Friday.   Mrs. Boleyn will be meeting with the students regarding their conduct as needed. Violations will be recorded on a log sheet for each week.  The Fine Officers will make sure all fines are paid.