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Insurance costs:One-time yearly payment of: $1,200
or monthly payments of: $200
To start the classroom economy program, you'll need to select:
Your selections can be from the lists we provide or based on the classroom rules you've already developed. As an option, you may choose to involve your students in creating the bonus and fine lists.
Once the lists are ready, post them in your classroom and refer to them throughout the year. If you wish, you can use materials from this site for the posters and handouts.
Every student in the class needs a job. You can select jobs from the list below, and you can create additional jobs to meet the specific needs of your classroom. We do recommend that you include four core jobs: Banker, Fine Officer, Messenger, and Clerk.
Each job needs an appropriate salary. The highest pay should go to the most responsible positions.
This list shows suggested duties and monthly pay for some of the more common jobs.
The obligation to pay rent is central to the classroom economy. These are key concepts:
We recommend that students who miss a rent payment be excluded from that month's auction. Although you may instead choose other privileges to be forfeited, remember that the program is designed to help students learn financial responsibility—it is not to punish them.
When students miss rent payments, it's important to get them back on track as soon as possible. You can take the missed payment as an opportunity for a discussion about choices, then encourage the child to earn bonuses so that he or she can catch up on rent and get in on the Auction Day fun.
Students who make their rent payments and manage to save additional money can reap rewards:
In addition to the salaries students earn from their jobs, they can earn bonus money by performing well academically and participating in extracurricular activities. Students need to earn bonuses to succeed in the classroom economy. In addition, they can be useful incentives for your own class goals.
The following bonuses should be included if at all possible. The dollar amounts listed are simply suggestions.
In the classroom economy, the role of fines is to help students understand costs and consequences—it is not to punish them. The list of fines should be short and direct, matching your classroom priorities. Our list is an example.
Although the Fine Officers write tickets for fines, you control the process through an offense log. As you correct a student, you can mention that you're adding the violation to the log. Then, when Ticket Day comes, the Fine Officers write tickets based on the entries in your log. In this way you retain explicit authority over dealing with misbehavior.