Powered by Vanguard Volunteers
Contact us
Login

Contact us

We appreciate hearing from teachers, principals, superintendents, and others interested in financial literacy. Please submit any comments or questions and we will respond, if needed, within two business days. We will not share your information with third parties. Thank you!

Name:
Email address:
School:
Grade:
City:
State:
Phone:
  Send a copy of this correspondence to my email
Subject:
Message:
(required)

Log in to My Classroom Economy

Email
Password

Thank you for registering with My Classroom Economy!

Registering with My Classroom Economy has its benefits! By registering, you will be notified when teaching material updates are available. Thank you!

Grades 2–3
Print complete program
Grades 2–3

Job Assignment and Training Day

Preparation

30 minutes

Once you collect all the students' applications and any needed recommendations, take a few days to plan the job assignments. It's best to make the assignments in class about a week after the students apply.

  • To simplify the assignment process, start with the least-requested jobs. For example, if only two students put "Messenger" on their applications, then you know immediately who your Messengers will be.
  • Use the recommendations to help you decide on the Bankers. Because Bankers have such a critical role in the classroom economy, you'll want to be sure that each of them is qualified to handle the job.

For the Bankers and Police Officers, you need to decide which students will be their "clients." They should be assigned four to six students each. (It's a good idea to use the same groups for each purpose so that the same set of students would share a Police Officer and a Banker.)

For each Police Officer, prepare a folder listing the names of his or her clients. Put some blank fine slips in the folder.

For each Banker, prepare a folder listing the clients' names and containing the following items:

  • 1 envelope to hold cash.
  • 1 envelope to hold clients' paychecks.
  • 1 Bank log per client.
  • 3 Unpaid rent notices.

Finally, plan an assignment that students can work on quietly at their seats. While the class works, you'll be able to train small groups of students on their job responsibilities.

In class

30 minutes

Inform the students that they'll receive their job assignments today and will start earning their salaries.

Next, train students for their jobs:

  • Help the class to begin the assignment you prepared.
  • Pull students aside for training according to their job titles (i.e., train the Bankers together, then the Police Officers, then the Messengers, and so on). Take the students through each of their job responsibilities, giving them examples of what they would do.

Here are tips for teaching two of the more complicated jobs.

Police Officers:

  • Show them where you will keep the offense log. Explain how they will check it on ticket day to see whether any of their clients have committed infractions.
  • Show how to fill out a fine slip.
  • Explain that students will be bringing their fine money to the Police Officers, and show the Officers where to put the returned fine slips and cash.
  • Show them how to update the offense log once a fine is paid.

Bankers:

  • Explain to the Bankers that they will have a bank log and an envelope for each client, and that they should label these clearly with the students' names.
  • Explain that the bank log they hold for each student should always match the student's own bank log. If the balances do not match, then the Banker and the client must work together to figure out why.
  • Offer an example of a bank ledger showing entries for deposits, withdrawals, and balances. Explain how the Bankers will manage their ledgers by adding deposits and subtracting withdrawals.
  • Explain that each Banker should keep about $200 in cash on hand in case clients want to make withdrawals. Any extra cash should go into the classroom cash box, which you can show them.

Tip:

If time allows, you may want to have all the students practice a bank transaction. For example, you could have each student deposit $20, and then withdraw that $20. (Afterward, you might let them keep the money as a bonus for good behavior.)

Insurance simulator:

What's the damage?

Generate

Insurance costs:

One-time yearly payment of: $1,200
or monthly payments of: $200
X

Insurance simulator:

What's the damage?

Generate

Insurance costs:

One-time yearly payment of: $1,200
or monthly payments of: $200
X