By now, you've probably heard the buzz about our classroom economy. It's certainly been one of the most highlighted learning experiences since the start of the new school year.
In a nutshell, our classroom economy provides an opportunity for students to learn the principles of economics and valuable financial life skills in an experiential way while promoting positive learning behaviors and skills. It teaches financial literacy and discipline and the rewards that go with it. Here are just some ways our students are benefitting from this experience:
- Taking part in a simulation of real-world economic activity
- Learning the responsibility that comes with completing a job and the value of earning a paycheck
- Learning how to budget their spending and make scheduled payments (i.e. weekly rent and utilities) as well as unexpected expenses (i.e. fines)
- Understanding the importance of saving money to reach their goals
- Discovering that every decision has an opportunity cost
- Learning that the cost of goods and services fluctuates based on supply and demand and the rate of inflation
- Preparing to be responsible citizens in our nation’s economic system, not to mention the importance of developing a strong work ethic
This week's guest bloggers reflect on the first five weeks of engagement in our classroom economy. Enjoy.
One of the benefits of having a classroom economy is that we are learning about the importance of saving money for the future. For example, if something doesn't go according to plan and you have an unexpected expense, you'll have money to pay for it. -@ SkullTrooper and @FortniteMA
An economy is one of life's biggest challenges and being a part of our classroom economy shows us what a real economy might look like when we get older. One benefit of our class economy is that it teaches us the importance of saving money and how to spend your money wisely. It is also teaching us about paying taxes and utilities. - @SecretGuy
There are several benefits of having a classroom economy. One of them is that we are learning how to save and spend our money reasonably. We are also becoming better mathematicians. For example, say you were at a store buying milk, eggs, and butter to make a cake. You need to know the prices of the items and if you have enough money so that you don't go over your budget. - @SODA
Our classroom economy does not just affect us, it is changing the school. When other classes see us walking respectfully in the hallway, we show them how to behave and help them improve their hallway behavior, too. - @LoonDog1 and @Rosita
I am learning that you should spend a little and save a lot because if you spend all your money at the store on "stuff", you might not have enough to buy the stuff you really need later. - @PumpkinPie and @Potato Pie
In my opinion, having a classroom economy is really smart. Kids are learning to save their money and not spend it all in two minutes. I have learned not to buy stickers with all my money. Trust me, I learned the hard way. - @Avocado234
Our classroom economy will help us be better mathematicians because we are learning how to make change. It's important to make sure you are getting the right change back or giving the customer the right change. I am also learning that you don't have to buy something every time you go to the store. If you waste all your money at the store, you might not have enough money to pay for something important later. - @CookieDog
Our classroom economy helps us learn the importance of spending a little and saving a lot. If you really wanted to buy something and it costs a lot of money, you have to save BIG! - @RoxyDog91010
One of the benefits of having a classroom economy is that we are being taught how to manage money at a young age so that we are financially stable in the future. - @ApplePie
I love the teamwork that comes with an economy. I love that some kids share jobs and you have to learn to work together and share the responsibility. We are learning how to do real jobs like working at a bank, a store, and a payment center. - @Gummy_Worm
No comments:
Post a Comment