Calvin Hunsinger is a school for students who are experiencing severe emotional and behavioral issues. My goal is to have a School Store where students are able to learn money management by "earning" points based on their behavior and then "spending" or "saving" their "money" (points) at the School Store. I want to incorporate concepts such as what constitutes a "need" versus a "want", what "credit" really means, the ideas of "layaway" and "sale", and demonstrate how students can wisely spend, save and budget their money so as to make solid "financial" decisions. To make this more meaningful to the students they will be keeping their own records of what they earn each day, what they spend, what their balance is, what they owe, if anything, and what amount is left to pay if they have an item on “layaway”. If their records are not up to date, they will not be allowed to shop at the Store, because one cannot manage their money (points) if you are not aware of your financial situation. My ultimate goal is that these skills will generalize to the "real world" when these students begin to manage their own financial lives. My hope is that this opportunity to manage their School Store points will provide them with a model of how to make responsible decisions that will positively impact their financial futures.

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"ACH" The FUNdamentals of Finance

School:
Calvin A. Hunsinger 
Subject:
Special Needs Students 
Teacher:
Marilyn Harris 
 
Kelly Sisco 
Students Impacted:
110 
Grade:
K-12 
Date:
August 28, 2017

0% Funded

 

 

Only $1,000.00 Needed

 

Goal

Calvin Hunsinger is a school for students who are experiencing severe emotional and behavioral issues. My goal is to have a School Store where students are able to learn money management by "earning" points based on their behavior and then "spending" or "saving" their "money" (points) at the School Store. I want to incorporate concepts such as what constitutes a "need" versus a "want", what "credit" really means, the ideas of "layaway" and "sale", and demonstrate how students can wisely spend, save and budget their money so as to make solid "financial" decisions. To make this more meaningful to the students they will be keeping their own records of what they earn each day, what they spend, what their balance is, what they owe, if anything, and what amount is left to pay if they have an item on “layaway”. If their records are not up to date, they will not be allowed to shop at the Store, because one cannot manage their money (points) if you are not aware of your financial situation. My ultimate goal is that these skills will generalize to the "real world" when these students begin to manage their own financial lives. My hope is that this opportunity to manage their School Store points will provide them with a model of how to make responsible decisions that will positively impact their financial futures.  

 

What will be done with my students

All of our students at Hunsinger earn up to 100 points a day by participating in class, completing classwork, following directions, and meeting individualized target behavior goals. Every day the student record the number of points they have earned in their Data Book so they always know how much "money" they have available in their account. Once points are earned, they cannot be lost (for example, if a student is unavailable to shop the points are saved until the next week). Each week students have the opportunity to "shop" at the School Store. Items range in price from less "expensive" things (needs) such as school supplies to more "expensive" items (wants) such as headphones, jewelry or sports equipment. Students complete a "Reinforcer Survey which identifies the items they are interested in buying. Students may buy something each week or may opt to save their points to buy something more expensive. There is also a "layaway" program where students may pick something they want and put "money" down and pay a little each week until they owe no more points on the item. They will then receive the item. There is also "credit" available to certain students based on their "credit history" (do they routinely earn points each week, have they handled previous credit responsibly, are their Data Books accurate) where they may buy something that is time sensitive; i.e. a birthday present for their mother, or something of limited quantity. They get the item that day, but must pay back what they owe before they can buy anything else in the future. There will also be "sales" that demonstrate getting more value for one's money, for example, a "Buy one, get one (BOGO)” sale or specific items being 50 percent off.
Last school year we piloted a new program with our secondary students. They are now able to shop every day (vs. weekly) by placing an order in the morning which is then delivered to them later in the day. To be eligible to do this, their Data Book must be complete and accurate and they must have enough points to buy the item. It is their responsibility to record all their transactions (similar to maintaining a bank account). Because daily shopping is available, students have to learn to plan accordingly; i.e. do they want to buy a granola bar today or wait until later during the week and buy something more expensive or perhaps order the "Friday Special". It is my opinion that learning to think like this increases their ability to delay gratification and avoid impulsive buys that would deplete their points and keep them from getting a more desired item later. This translates into real life experiences such as saving for a big ticket item like a car, and avoiding using a credit card to buy things that perhaps one cannot afford. All students are responsible for recording their points each day and if the data is not current, the student cannot shop.
Our elementary students continue to have a School Store on a rolling cart where they shop each week. They do not maintain Data Books, but all their daily points are recorded and displayed in the classroom. Before each elementary student shops they must tell the staff how many points they have earned. Items vary in price and students are encouraged to help determine what they have enough points to buy. Credit and Layaway are available to the 4th and 5th graders.
 

 

Benefits to my students

The ultimate benefit will be an understanding of basic finances and the ability to better manage themselves financially. It is hoped that by mastering these skills, including documenting and recording what they “earn” and their "expenses", the skills will generalize to their real lives and allow them to become financially responsible adults. Additionally, students will be able to better plan and budget, i.e. do they want to buy some pretzels today, that will be gone today, or save up for headphones that will last much longer. As adults these students will have to make decisions like this frequently so practicing now will with points will hopefully prepare them to be more financially savvy.

A secondary benefit is that having the motivation that the School Store provides, will encourage students to display more appropriate behavior, which will increase time spend engaged in learning, and result in students being more successful in school and better prepared to become self-sufficient adults.
 

 

Describe the Students

Many of our students are economically disadvantaged, demonstrate low academic performance, experience behavioral difficulties and mental health issues and a significant number live in single parent families or with other guardians (i.e. grandparents). Our school receives Universal Free Lunch for students and is a Title I School. All of my students receive Exceptional Education Services (ESE) including services for students with Emotional/Behavioral Disabilities, Autism Spectrum Disorder, Specific Learning Disabilities, Intellectual Disabilities, Speech and Language Impairments and Occupational and Physical Therapy.  

 

Budget Narrative

The grant money will be used to purchase student incentives based on the Student Reinforcer Survey. For example, many of my students have expressed interest in purchasing headphones and sports equipment.  

 

Items

# Item Cost
1 Headphones $250.00
2 Footballs and other sports equipment $200.00
3 Jewelry $100.00
4 T-shirts, sweatshirts $100.00
5 Toys, puzzles $100.00
6 Toiletries (lotion, cologne, body wash) $100.00
7 Fidgets (spinners, Koosh balls) $100.00
8 Craft supplies $50.00
  Total: $1,000.00

0% Funded

 

 

Only $1,000.00 Needed

 

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