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Insurance costs:One-time yearly payment of: $1,200
or monthly payments of: $200
The classroom economy program is an effective and enjoyable way to teach your students fundamental financial literacy components without altering your curriculum.
Implementing the program is an easy three-step process:
As they perform their tasks, the students will help you manage the classroom and, in the process, learn valuable skills—such as responsibility, the value of saving, and delayed gratification—that they will carry with them throughout life.
The beauty of the program is that you don't need to teach these lessons; rather, your students will experience them and learn for themselves. As one teacher told us, there's a thrill in seeing "the lightbulb go on" when a student realizes he or she should have saved money for the next month's rent instead of overpaying for an item at the auction.
Through My Classroom Economy, students learn valuable life skills in an experiential way.
Specifically, they are able to:
At these grade levels, students continue to earn and spend dollar amounts of three and four digits to match their math skills, but also begin to learn more advanced financial concepts. Students pay an electricity bill, in addition to their rent, and also pay taxes for the first time.