our classroom, we have an "Economy System".
Each week, kids earn (play) money for the
* $5.00 for each week they show perfect
* $5.00 for each week they complete
* $5.00 for each week their desks and
binders are organized
* A set amount for the weekly job
(View our job
payment chart here)
* A bonus
$5.00 for doing ALL OF THE ABOVE!
This is an "all or nothing" system. If you
miss one day of perfect behavior, you don't
get paid the $5.00. If you miss one day of
your homework, you don't get the $5.00. If
you are caught with a messy desk or binder,
you lose your $5.00. BUT...if you do
EVERYTHING, you earn a bonus $5.00!
On Fridays, students fill out their behavior chart,
which not only tells their behavior for the week, but also categorizes the earnings shown above,
and then they get paid for what they've
(View our behavior chart here)
Students also have the option of earning
"Bonus Bucks" during the week for showing
extra special behavior and doing good deeds
for others. These bonus bucks are not
accounted for on their receipt, but are just
random dollars given to the kids when I feel
they've done something to earn them. They
also can win $1.00 for each question they
complete in The
Mastery Club, and they can
earn even more cash by completing some
Family Math Challenges award $5 per
challenge answered, and new challenges are
offered every other week. Homework-opoly occasionally
rewards kids with bonus bucks as well, but
you have to do your homework for the entire
week in order to play!
Students can save up for things such as
a class party, lunch with the teacher, indoor recess with a
friend, a free homework pass, a free journal
pass, a free spin on
Homework-opoly, skipping the morning Do Now, a good note home to their
parents, and more!
(View our rewards poster here)
From this system, students learn
responsibility lessons. They learn to keep
track of their money, and not to lose it.
They learn how to save up for things that
are important to them, instead of spending
everything at once. They also learn the
value of earning money, instead of just
being given things for free. They take more
pride in their work, their behavior, and in
taking responsibility for their actions.
What if I
don't have my homework on the day it's due,
but I bring it the next day?
order to earn the money, you must bring in
all homework on the day it's due. If there's
an "Extreme Emergency" in your family or
house and your parents explain it to me in a
note, that's the only time I'd allow you to
get paid for a late assignment.
What if there
are two assignments due (math and spelling,
for example), and I only have one subject
done? Do I get half payment?
must bring in every assignment on the day
it's due in order to receive the full $5.00
at the end of the week. There are no "half payments".
It's all or nothing.
How will you
know if my desk and binder are clean every
day? Will you be checking daily?
No, I will
not check daily, but will do occasional
"surprise desk and binder checks". I am
going to use the Honor System, and trust
that you're keeping your binders and desks
clean, especially since Friday Do Nows are
for cleaning and organizing. If I happen to
notice that you've been unorganized, you
won't get paid for that category for the
entire week ( = $5.00).
Can we give
away the money we earn to help others earn
something they want? Or can some of my
friends and I put our money together to earn
a party for the whole class?
that's a very nice thought, you may only
spend the money that you earn. The point of
the Classroom Economy is to learn the value
of earning and saving money yourself, as us
adults do in the real world. Unfortunately,
there is no combining or giving away money
in our Classroom Economy.
When can we
trade our money for the prizes?
may trade in your money during Snack-Time
any day that you'd like to! Snack-Time is
also a great time to trade those 10s in for
50s, and 20s in for 100s, etc...
Will you ever take
money away from us?
No, I won't
take money away from you, but you might not
get paid depending on the circumstances. If
your behavior isn't perfect, you'll lose
$5.00 for the entire week when you fill
out your receipt on Friday. If
you don't do your homework, you'll lose
$5.00 for the entire week when you fill out your
receipt on Friday. Same thing
for organization, and your class job. So even though I'm not
taking money away from you, you won't really
be earning it either.
What if we lose our
money? Will you give it back to us?
adults lose money, the bank doesn't give it
back to them! We earn it, and must be
responsible with it. If you put it into your
Blue Bird Binder zipper pouch as soon as you
get it, you won't have to worry about losing
it! But if you're not organized and
responsible with your money and you happen
to lose it, you'll learn a valuable lesson.
If we are absent,
will we still get paid for behavior,
organization, and homework?
absent, you'll still get paid for your
behavior as long as it's perfect for the
rest of the week. You'll get paid for your
homework as long as you make everything up
by the end of the week. You'll get paid for
your organization as long as your desk and
binder is clean.
Money image by
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