WERE IN THE MONEY

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WERE IN THE MONEY!
Incorporating life skills math through a token
economy system of behavior management by Mrs.
Champagne
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Welcome to the Chariho Credit Union

• Classroom bank, that runs just like a real bank -
  has hours, charges fees, etc..
• Each student will belong to the bank and have
  their own savings and checking account
• Teachers will run the bank when it first opens.
  Students may apply for jobs at a later date.

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Earning Money

• Students will earn 5.00 for each of the
  following classroom expectations
• Having all homework complete
• Being prepared for class
• On time for class
• Appropriate behavior

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Earning Money

• The classroom expectations will be evaluated and
  recorded by the teacher during homebase and
  throughout the day.
• This means if a student has followed all of the
  classroom expectations, they will earn 100.00
  for the week!

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Bonuses

• Besides earning money for following classroom
  expectations, students have a chance to earn
  bonuses
• Each grade that earns a score of 90-
  100 will earn a bonus of 10.00
• Students who keep their savings account and
  checking account record up to date will earn
  an extra 15.00 per week

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Payday and Deposits

• On Thursdays, students will receive a paycheck
  reflecting their earning from the previous week.
• All paychecks must be deposited into savings
  accounts. Students will be unable to use money
  if paychecks have not been deposited.

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Keeping Track of Your Money

• The bank will keep a record of students deposits
  and withdrawals
• It is important that each student keep track of
  their own accounts
• Will be checked every week and count for a math
  grade
• Could earn an extra 15.00 bonus

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Bank Fees

• Bank will take money out of students accounts
  for
• Late for class 20.00
• No homework 10.00
• Unprepared for class 15.00

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Bank Hours

• Chariho Credit Union will be open for business
• Monday thru Friday 715 a.m. to 730 a.m.
• Monday thru Thursday for the first 10 minutes of
  each class (only for students who were not in
  homebase!)

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Spending Money

• When you purchase an item from the store, we will
  give you a receipt, and charge your account
• Use the receipt to record the money you spend
• Once checking accounts are set up, students will
  write out checks to buy items
• Remember - you must deposit your check before you
  use the store!

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Mrs. Champagnes Store

• Open on Fridays, for the first 10 minutes of each
  class.
• Items to be sold
• pencils
• candy
• toysand more!
• Please see list of prices at the store

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This is a lot to remember!

• Next to the bank is posted all the information to
  help you
• This is something that we will be doing all year
  so dont panic - you will get the hang of it!
• Teachers are here to guide you -
• GOOD LUCK