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Our goal is to help students understand the importance of saving money early in life. We want students to learn how to save money for the big items they wants to avoid high interest credit card bills in the future. Students that are financially savvy in elementary school will have a better chance at staying out of debt as adults.

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ACH-Debt-free kids

School:
Safety Harbor Elementary School 
Subject:
Mathematics 
Teacher:
Michelle Bardelli 
 
Heather Danhour, Brian Peterson, Sarah Webb, Melina Tickner,  
Students Impacted:
97 
Grade:
K-5 
Date:
August 22, 2019

Investor

Thank you to the following investor for funding this grant.

 

Achieva Credit Union - $1,000.00

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Impact to My Classroom

# of Students Impacted: 103

This year students were able to use the class cash in grades 2, 3 and 5. Students in each grade level were able to build on grade level math standards, learn the value of saving money and increase their time on task with minimal behavior issues.

 

Students were able to practice skip counting by 5, 10's and 20's as  well as transition from counting by 20's to 5's. In 3rd grade students were able to group money to create stacks of 100 or stacks of 10 to make counting easier, applying mental math strategies to help add. Struggling students that consistently have a difficult time with math were able to apply strategies taught in class to add up and count their class cash. Their peers offered strategies to help. For example one of my lowest students was taught that adding her $5.00 bills could make a ten. Then she could count by 10's. This transferred over in her ability to add in our class math problems. 

 

Students were quick to spend their cash at the beginning of the year. They had little awareness of saving money to purchase big ticket items. They would complain that other students were able to purchase more expensive items. As the year went on, students began to value their class cash more. They began saving up over several weeks and putting their money together to share an item. Students became much more mindful of how they were spending their money. I also witnessed students showing empathy for their classmates that didn't seem to have enough money. They would willingly give each other a few dollars to help students purchase what they wanted. Once several students came together to help their fellow classmate purchase a big ticket item. It was so sweet to see them looking out for one another. 

 

Class cash also helped tremendously in classroom management issues that arose each day. I had 4 students that EACH had an average of 42 times off task.  I created individual incentive plans for those students with the reward being class cash once they reached their goal. Within only a few days their time off task for 3/4 students decreased to lesss than 10 incidents of time off task!

 

This didn't end with online teaching. I continued to offer students class cash for coming to live meeting, completing work and participating. They were rewarded with items that were mailed to them. Not only did they LOVE getting mail, but it gave them the incentive they needed during this difficult time. Students that had otherwise been unengaged were much more active and began participating. 

 

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Earning Class Rewards

 

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Original Grant Overview

Goal

Our goal is to help students understand the importance of saving money early in life. We want students to learn how to save money for the big items they wants to avoid high interest credit card bills in the future. Students that are financially savvy in elementary school will have a better chance at staying out of debt as adults.  

 

What will be done with my students

Students will be paid in "Class Bucks" for following school-wide expectations and doing their class job. Students can earn $1.00, $5.00, $10.00, $20.00, $50.00 dollar bills. Each student will set up a savings account for big ticket items and the classroom holiday store. In the holiday store students will purchase gifts for their family members. Students will shop in the class store twice a month and deposit money into their savings account twice a month.
Students can make purchases on items as low as $5.00 and as high as $100.00.
Twice a year students will be paid with a paycheck, which they will also have to deposit into their savings account using a deposit slip. They will keep track of their balance their saving account by "balancing their checkbook."
 

 

Benefits to my students

Students will increase the math skill, specifically, addition and subtractions. They will learn the importance of saving for things that they want, like Christmas gifts or big ticket items.
Students will learn the joy of earning money when you work hard and do the job you were hired to do. Students will have a drive to do well to continue to earn their money, which will hopefully, transfer into adulthood.  

 

Describe the Students

52 Boys
45 Girls

23 Low Performing Students
20 High performing students
11 ESE students
10 ESOL students
2 Students with Autism
Approximates 30 students on Free and Reduced Lunch 

 

Budget Narrative

Classroom Treasure Box Items:
School Supplies (pencils, erasers, markers, etc)
Toys: (squishy, slime, bouncy balls, stickers, slap bracelets, bubbles, etc)
Holiday store items: (holiday dish towels, shaving cream, lotion, flashlight, men's socks, candles, mugs, etc)
Student checkbooks: (2 sets)
Big Tickets items for seating: (wobbly stool, sensory cushion, chair bands, etc) 

 

Items

# Item Cost
1 Classroom Treasure Box Items $760.00
2 Holiday store items $120.00
3 Students Checkbooks $20.00
4 Big Ticket Items for seating $100.00
  Total: $1,000.00

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