Classroom+Economy


 * __ Classroom Economy __**

** Earning… ** In our classroom, we have an “Economy System”. Each week, kids earn (play) money for the following things:
 * $5.00 for each week they show perfect behavior
 * $5.00 for each week they complete their homework
 * A set amount for the weekly job they’re assigned
 * A bonus $5.00 for doing ALL OF THE ABOVE

This is an “all or nothing” system. If you miss one day of perfect behavior, you don’t get paid the $5.00. If you miss one day of your homework (this includes returning your Eagle News and library book on time), you don’t get the $5.00. BUT…if you do EVERYTHING, you earn a bonus $5.00!

On Fridays, students fill out a Receipt, which categorizes the earnings shown above, and they get paid for what they’ve earned.

__ Bonus Bucks __ Students also have the option of earning “Bonus Bucks” during the week for showing extra special behavior and doing good deeds for others. These bonus bucks are not accounted for on their receipt, but are just random dollars given to the kids when I feel they’ve done something to earn them. They also can win $1.00 for each question they complete in the __Mastery Club__, and they can earn even more cash by completing extra __credit projects__(this will take you to Mrs. Gold's site) ! __@Family Math Challenges__ award $5 per challenge answered, and new challenges are offered every other week. (These are only available online – so please see our class wiki for the links). Homework-opoly occasionally rewards kids with bonus bucks as well, but you have to do your homework for the entire week in order to play!

** Saving… ** Students can save up for things such as lunch with the teacher, indoor recess with a friend, a free homework pass, a free roll on Homework-opoly, a good note home to their parents and more!

** Responsibility… ** From this system, students learn responsibility lessons. They learn to keep track of their money, and not to lose it. They learn how to save up for things that are important to them, instead of spending everything at once. They also learn the value of earning money, instead of just being given things for free. They take more pride in their work, their behavior, and in taking responsibility for their actions.

FAQ - // What if I don't have my homework on the day it's due, but I bring it the next day? // **In order to earn the money, you must bring in all homework on the day it's due. If there's an "Extreme Emergency" in your family or house and your parents explain it to me in a note, that's the only time I'd allow you to get paid fro a late assignment**.

// What if there are two assignments due (math and spelling, for example), and I only have one subject done? Do I get half payment? // // Can we give away the money we earn to help others earn something they want? Or can some of my friends and I put our money together to earn something for the whole class? // // When can we trade our money for the prizes? // // Will you ever take money away from us? // // What if we lose our money? will you give it back to us? // // If we are absent, will we still get paid for behavior, homework and job? //
 * No, you must bring in every assignment on the day it's due in order to receive the full $5.00 at the end of the week. There are no "half payments". It's all or nothing. **
 * Although that's a very nice thought, you may only spend the money that you earn. The point of the Classroom Economy is to learn the value of earning and saving money yourself, as us adults do in the real world. Unfortunately, there is no combining or giving away money in our Classroom Economy. **
 * You may trade in your money during Snack-Time most days. Snack-Time is also a great time to trade those 10s in for 20s, and 20s for 100s etc. **
 * No, I won't take money away from you, but you might not get paid depending on the circumstances. If your behavior isn't perfect, you'll lose $5.00 for the entire week when you fill out your receipt on Friday. If you don't do your homewokr, youo'll lose $5.00 for the entire wekk when you fill out your receipt on Friday. Same for your class job. So even though I'm not taking money away from you, you won't really be earning it either. **
 * Nope. If adults lose money, the bank doesn't give it back to them! We earn it, and must be responsible with it. If you put it in out zipper pouch as soon as you get it, you won't have to worry about losing it! But if you're not organized and responsible with your money and you happen to lose it, you'll learn a valuable lesson. **
 * If you're absent, you'll still get paid for you behavior as long as it's perfect for the rest of the week. You'll get paid for you homework as long as you make everything up by the end of the week. You'll get paid for doing your job also. **