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Grades 9–10
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Grades 9–10

Every Day

A critical component of the classroom economy is the combination of bonuses students can earn and fines they can incur for their actions. To maximize the effect of the system, it is best to reward or fine a student at the time of the action. To do so, simply hand a student a bonus/fine slip

Depending on the nature of the action, you may want to fill out the bonus/fine slip yourself and hand it to the student discreetly. On the other hand, when a student does a good job, you may want to publicly praise him or her. For example, you might say something like, "Great job, Tina. I love how you helped Dave with that problem. Thanks for your help! Please fill out this slip for a $100 bonus for quietly helping another student."

The complete process of handing a student a bonus/fine slip is outlined below:

Bonus/fine procedures

    1. Teacher hands the student a bonus/fine slip.
    2. Student fills out the slip at the teacher's direction, if necessary.
    1. During an appropriate time in the class period, student updates his or her bank log to include the amount of the bonus or fine.
    1. At the end of the period, the student places the slip in the bank box.
    2. Approximately once a week, the bonus/fine Administrator empties the bank box, records each slip on the bonus/fine log, and stores the slips in a folder.

Note: If you have entrepreneurs in your class who have obtained their own business licenses, you will need a way to manage student-to-student purchases. Here is our recommendation:

    1. Students meet, along with an Auditor, to appropriately debit or credit their bank logs.
    2. The Auditor witnesses the transaction and initials both logs as verification.
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Insurance costs:

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