When it involves managing cash this instructor says: “Hard life lessons start in third grade.”
For Ms. Lattimore’s third grade class, the lease for his or her desk and chair is charged firstly of each month. In the autumn of 2022, Shelby Lattimore instituted what she calls a “classroom economy”. She instructed TheAvenue in an e mail that it was “a way to motivate students with classroom jobs to get them excited to come to school, build financial confidence, and better classroom behaviors.”
No, the scholars do not pay actual cash to make use of their desks — as a substitute, Lattimore pays every scholar $10 to $20 of printed play cash “every two weeks, depending on what job they have,” she writes. “They all have to pay [$5 to] $7 rent at the beginning of every month.” The first day she collected lease, Lattimore shared the expertise on TikTok.
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Money left over after lease could be saved or spent on rewards like a lunch with the instructor or film time with a pal. “I allow students to buy classroom rewards[…] once a month,” she says. “The prices of the rewards ranges from $3-$30[…]” And as a result of one child requested, Lattimore makes it clear she would not take bank cards.
Opportunities to make “overtime pay” by serving to with additional duties are additionally obtainable in Lattimore’s class. But very similar to in the actual world, she instructed TheAvenue, mismanagement and misbehavior has a price. “Students can also be fined $1 for late work, being disrespectful, or breaking something in the classroom.”
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Every payday, Lattimore takes the chance to speak to her college students about ideas like budgeting and financial savings. “A lot of my kids come from families that live check to check and are not in the best financial situation,” she says in an early video. “So I don’t think they’re too young to ever learn how to handle money[…] Are there certain rules [they] have to follow? Yes, because there’s certain rules we have to follow as adults.”
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“This is my first time doing this as a behavior management strategy and I absolutely love it!” Lattimore wrote to TheAvenue. “I have seen how students confidence level with handling money has skyrocketed. [They’ve] learned vital skills like checking to make sure the change they receive is correct, foreign exchange rates[…] Even lesson us adults take for granted, like not giving someone your wallet when you pay for things. Students are excited to be a part of our classroom economy!”
Lattimore is not the one instructor to doc a classroom economic system on Teacher TikTok. Back in 2021, a instructor named Mr. Vuong made waves when he instituted the same system in his 4th and fifth grade courses.
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Source: www.thestreet.com”