I was thinking of doing a classroom economy this year, but I dont really know where to start. Does anyone do this in their classrooms? What works and what doesn't work? Any advice would be very helpful!
I would give my students an amount each week ($15) and then they would get paid 5 dollars for classroom jobs. If they did extra credit they got 5 to 10 dollars. They pay fines for not doing work, getting behavior tickets, not bringing back notes from home. Sometimes when they got pencil crazy I would charge them for new pencils in the morning or to sharpen them. Then each month they could spend their money. I would have things like pencils, bouncy balls, (I used to do candy and mini cans of pop), books, dollar store things, laminated pictures from dollar store animal calendars ( a cheap favorite). I would make these things cost alot. For the more expensive they had to spend $100 and I would go down to $25. It is an investment, but it worked for me. I did it for alot of years.
I just googled classroom economy. I looked at what other teachers have done and than I adapted it to my needs. And I've changed it as needed. The kids really enjoy it and the parents are very supported.
Last year was the first year I implemented an Economy in my classroom. It worked really well! I am going full force with it this year. Here is a link on my website where I explain it. Hope it is helpful (the site is a new addition this year...so it is still a work in progress )
Steph, I checked out your classroom page and read the explaination for your classroom economy and it looks great! One question: do you start each month with a certain amount of money in each student's account?
No, the students don't get a set amount each month. They have what they have in their wallet and that is it. Students earn money daily just by coming to school on time, staying on Green Card, doing their classroom jobs, etc...so they really don't need a monthly boost, you know? If they waste their money (or lose it because of poor behavior choices) they go into debt when they can't pay rent. This must be worked off by doing "overtime" after school or in the cafeteria.