Our fourth grade classroom uses a money system in order to assure a safe and comfortable classroom environment. This was used in past years as well, and the students really seem to enjoy it as it makes them feel “grown-up” and part of the real world! A brief explanation of how it works is this: The students will all receive their payday of $20.00 each Monday morning when they come to school. On Fridays, they will put any money they have left into the bank and will deposit it into their bank statement books.
Gaining, losing, and spending money will occur for various reasons throughout the week. Students will be able to spend their money on random things, such as moving their desks to a different place in the room, extra free time, computer time, random auctions throughout the year, etc. They will need to pay money for such occurrences as not being prepared with the proper materials needed for the day, incomplete assignments, misbehavior, etc.
Positive behaviors will also be recognized, both individually and as a class, as they definitely deserve to be. Individual students may receive bonus money if caught doing something above and beyond what is expected of them. I will also have a Class Bank in which the class can gain and lose money each day as a whole while working towards a goal. When they reach their goal, they will receive an award of some sort, whether it is a classroom party, movie and popcorn day, etc.