Friday, August 27, 2010

Mini Economy

There are many benefits to using a mini economy in the classroom.  It covers several math and social studies standards, and it is a great incentive for positive behavior and work ethic.  Here is how it will work:

Daily Salary:  2nd graders will earn $1.00 for each day they come to school.  3rd graders will earn $1.50 per day.  Payday will be on Fridays.

Fines:  The students may be fined $0.25 each time they do not follow a procedure.  They will be fined $0.50 for forgetting homework or choosing not to do in class work.  They may be fined $0.25 for forgetting to put their names on a paper.

Bonuses:  If a child receives a Caught Being Christlike Award from any teacher, he or she will receive a bonus of $2.00.  On their birthdays, they receive a bonus of $5.00.  If they apply and are hired for a classroom job, they receive additional salary. 

Class store:  Each Friday, there will be a classroom store including items such as small toys, candy, or passes (no homework, comfy seat, chew gum, show and tell, etc.).  The students may spend their money or save it.

I accept donations from parents for items to use in the store.  You can get cheap toys or party favors from the dollar store that work great! 

Our year is off to a great start, and your children are all a joy to me :)

I hope everyone has a lovely weekend!

-Mrs. Elliot

1 comment:

  1. This is a wonderful idea!
    Jake is very excited!
    Also do you have a room mom yet?
    Thank you,
    Mary Grimmer

    ReplyDelete