Reeve Town Classroom Economy
About our Classroom Economy:
We will learn about roles in our society, basic economic principles, and financial concepts by a classroom economy. Students will have an opportunity to apply for a classroom job. Students will be placed in positions that I (and their references) feel they will be most successful.
In an attempt to make earning classroom money (class cash) a more real-life experience, students are required to pay classroom income tax. The income tax is based on a percentage voted on by the class. Each semester students will have an opportunity to apply for a new job.
Earning Class Cash:
Get paid to come to school!
Each Student earns $5 each day they come to school on time (up to $25 per week). This will be given to you at the end of each day. Students who are tardy or who leave early will receive partial payment.
Each semester, students may apply for jobs and must provide reference letters (from family members, parents, neighbors) of their ability to be responsible for their job. Payday is the 1st of each month (or the next school day following the 1st).
Occasionally there will be opportunities to earn extra Class Cash. These may rewards for meeting an Class Dojo goal, having homework consistently signed, clean desk or a simply rewarding extra good behavior.
The 5th grade community must pay these bills (it is the responsibility of the student to make sure they have the money to pay these bills):
- Rent $20/ mo (due on the 1st)
- Taxes TBD/mo
- Fines (when students receive a negative Dojo Point)
Spend or Save?
There will be other items for purchase throughout the year to entice the community to spend their money. It is their job to determine if they really NEED to purchase a good or service, or if the better course of action would be to save for rent and taxes. Students can use their class cash to change their seat for the day, sit in a "comfy" chair, buy a snack, and other individual products and services. They are also encouraged to save their class cash for an auction held once a semester.
Consequences for Fines
In addition to paying the fine, students may also lose Social and Recess Time. If a student is a "repeat offender" there will be more severe consequences. Please see the list below for further details.
Out of Cash?
If a student cannot pay a fine or other fee, they will be required to perform "community service" time instead. Examples of community service could be picking up trash out on the playground area, helping clean part of our classroom, etc...