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Our 3rd grade team's goal is to increase students time on task by providing students an opportunity to earn "money." Student will also learn the importance of budgeting to save for big ticket items.

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Teaching financial literacy through a token economy

School:
Safety Harbor Elementary School 
Subject:
Other 
Teacher:
Michelle Bardelli 
 
Sarah Webb, Melina Tickner, Alyson Wise, David Brownfield, Kristina Sarvis 
Students Impacted:
100 
Grade:
Date:
September 16, 2016

Investor

Thank you to the following investor for funding this grant.

 

Raymond James Financial - $999.98

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Goal

Our 3rd grade team's goal is to increase students time on task by providing students an opportunity to earn "money." Student will also learn the importance of budgeting to save for big ticket items.  

 

What will be done with my students

Each classroom teacher has a modified version that works best is his/her classroom, however the process is the same in each third grade classroom.
Students will earn classroom money for following third grade expectations. For example, a student that completes homework will earn 20 bucks and when a student works quietly and stays on task they will earn 10 bucks.
Students also receive Bucks based on their behavior grade. Each point that is earned for behavior is equivalent to a "Buck."
Students will have an opportunity to shop for small classroom items as well as big ticket items. Students also purchase classroom materials that have been lost or damaged. A pencil can be purchased for 10 bucks or a replacement dry erase marker can be purchased for 50 bucks. Students can play on the ipad/computer for 200 bucks, get extra snack for 75 bucks or the treasure box for 65 bucks.
 

 

Benefits to my students

Students are more engaged and motivated to act responsibly and kind. They also understand the value of a dollar. Students learn to save for the big ticket items that they want.
In addition, students spend more time on task, increasing their engagement level and academic success. Behavior problems are reduced and students that may have otherwise been sent out of the classroom are staying on task and encouraged through our token economy.  

 

Describe the Students

4 ESE students
3 Speech/Language
2 ASD
5 ESOL
4 ADD/ADHD
20 STARS (Students at risk of being retained)
78 gen-ed students

 

 

Budget Narrative

Copies and paper will be used to print the cash that students earn
The IPADs will be used as items for students to purchase as a high ticket item.
Classroom supplies will consist of pencils, erasers and dry erase markers that students need to purchase to replace lost or damaged items.
Classroom rewards will be treasure box items that students can purchase.  

 

Items

# Item Cost
1 Paper/Copies for "money" $50.00
2 IPAd mini 2 X 2 $538.00
3 IPAD case 19.99 X 2 $39.98
4 Classroom supplies to purchase $100.00
5 Classroom rewards to purchase $272.00
  Total: $999.98

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