I have been using a classroom economy system in my classroom for 5 years now. Our economy system is check based, I don't use any cash at all. Students keep a balanced checkbook register and I have bankers keep computer based register for each student. Students get a weekly paycheck and pay rent, fines, and taxes. They can use any extra money to purchase items from the class store or buy items from our quarterly auction. That is it in a nutshell. There is SO. MUCH. MORE to it, and it can be time consuming. But I love how it ties in the economy (which is in our standards) and math, and it is real-world based! Parents love it and the kids enjoy it too. I've decided that since I have only made a few tweeks over the years, and this past year we came across some issues, that the system needed an overhaul. It's taking me longer than I had hoped, especially because school is less than two weeks away, but I'm sure I'll get it all done!
To start, I made this nice little job poster. In the past every job had the same pay rate, $20 per day. The bankers usually do a phenomenal job, and work more than anyone else, so I bumped them up to $30. I decided to have more of a pay scale this year. Not only did I want to better compensate for the harder jobs, but I wanted to encourage certain jobs and maybe make some jobs (like zoologist) less desirable. We'll see how it goes this year! Any economy suggestions out there?
(I even made the cute striped background!)
Yesterday I went in to school to start setting up. My fabulous sister joined me and we started to put contact paper on my tables. We'll head in tomorrow to finish up (as long as we can locate more contact paper!) and then I'll get to show off the finished loveliness.