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WE’RE IN THE MONEY!

WE’RE IN THE MONEY!. Incorporating life skills math through a token economy system of behavior management by Mrs. Champagne. Welcome to the Chariho Credit Union. Classroom bank, that runs just like a real bank - has hours, charges fees, etc..

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WE’RE IN THE MONEY!

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  1. WE’RE IN THE MONEY! Incorporating life skills math through a token economy system of behavior management by Mrs. Champagne

  2. Welcome to the Chariho Credit Union • Classroom bank, that runs just like a real bank - has hours, charges fees, etc.. • Each student will belong to the bank and have their own savings and checking account • Teachers will run the bank when it first opens. Students may apply for jobs at a later date.

  3. Earning Money • Students will earn $5.00 for each of the following classroom expectations: * Having all homework complete * Being prepared for class * On time for class * Appropriate behavior

  4. Earning Money • The classroom expectations will be evaluated and recorded by the teacher during homebase and throughout the day. • This means if a student has followed all of the classroom expectations, they will earn $100.00 for the week!

  5. Bonuses • Besides earning money for following classroom expectations, students have a chance to earn bonuses * Each grade that earns a score of 90%- 100% will earn a bonus of $10.00 * Students who keep their savings account and checking account record up to date will earn an extra $15.00 per week

  6. Payday and Deposits • On Thursdays, students will receive a paycheck reflecting their earning from the previous week. • All paychecks must be deposited into savings accounts. Students will be unable to use money if paychecks have not been deposited.

  7. Keeping Track of Your Money • The bank will keep a record of students deposits and withdrawals • It is important that each student keep track of their own accounts • Will be checked every week and count for a math grade • Could earn an extra $15.00 bonus

  8. Bank Fees Bank will take money out of student’s accounts for: • Late for class $20.00 • No homework $10.00 • Unprepared for class $15.00

  9. Bank Hours Chariho Credit Union will be open for business: Monday thru Friday 7:15 a.m. to 7:30 a.m. Monday thru Thursday for the first 10 minutes of each class (only for students who were not in homebase!)

  10. Spending Money • When you purchase an item from the store, we will give you a receipt, and charge your account • Use the receipt to record the money you spend • Once checking accounts are set up, students will write out checks to buy items • Remember - you must deposit your check before you use the store!

  11. Mrs. Champagne’s Store • Open on Fridays, for the first 10 minutes of each class. • Items to be sold: • pencils • candy • toys…and more! Please see list of prices at the store

  12. This is a lot to remember! • Next to the bank is posted all the information to help you • This is something that we will be doing all year so don’t panic - you will get the hang of it! • Teachers are here to guide you - • GOOD LUCK

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