Economy System

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Home : 2007 : July : 12

Economy System
By Sam5

My parents love my classroom money system. It is the number one thing parents positively remark about when I have them fill in end of the year evaluations. My students earn a salary each week. They are fined for things like
not doing homework, not being prepared for class, poor behavior etc... I have a clipboard I keep track of the fines on. At the end of the week I pay them their salary minus their fines. A student must earn 140 out 200 dollars to attend Fun Friday. I give out bonus money during the week for things like winning a game, getting an A on a paper, doing something extra nice or extra special.

At the beginning of the year I give a lot of bonus money as I work at creating my classroom environment. As the year goes on, I let up because the kids start automatically doing the positive behaviors. Students pay bills once a month. I have a small weekly auction(3-5 little things like pencils or stickers). I have a big auction once a quarter. People donate things to me for my auctions- family, friends, students, parents, even former students' parents. I find things in my house, purchase things at garage sales and after holiday sales. I try to purchase one larger item per quarter. Basketballs and footballs are always popular no matter what quality.

My system has been highly sucessful. My students are rarely in the office because of any classroom problems. The other fifth grade teachers plan to adopt my system next year because of the few problems I seem to have compared to them.