What if all graduating students knew how to budget, how to save more than they spend, and how to resist impulse buying? What if they truly had the skills to be smart with their money?
This week’s Fabulous Friday Find might leave you thinking, “Why didn’t I think of that?!” Have you ever thought about charging your students “rent” for use of your classroom desks? A lot of teachers already have assigned jobs for students but do you pay your students for these jobs? What if students were given “bonuses” for a “job” well done and “charged” or “taken a pay cut” for not meeting their job’s expectations? Sounds a lot like the real world right?
My Classroom Economy enables any educator to teach children financial responsibility through fun, experiential learning. It’s a simple classroom economic system based on the idea that students need to earn school “dollars” so that they can rent their own desks. To earn a paycheck, they need to take on classroom jobs. They can get bonuses for academic performance, outstanding behavior, or extracurricular activities. But students can also incur fines for dishonesty, disrespect, or breaking other classroom rules. And for those who can save more than their rent, the system has rewards.
Given our recent economic situation of the past decade, there’s been a push to teach students more about our economy and financial responsibility. What better way to teach personal and financial responsibility than to put it to practice?! And all of the materials are provided for FREE to download and print. Even better, you can request printed copies of the materials and save on printing!
It’s not subject or grade specific so EVERY classroom from Kindergarten to 12th grade can benefit. Just imagine the possibilities for our society when students learn these essential skills from the beginning!