Do I hear $200? How about $250? Can I get $300? Going, going, SOLD for $300! Once a quarter, our 4th and 5th grade students get to spend their earnings this way at our classes auctions!
Our classroom economy is the cornerstone of our management system and we feel like it’s a great way to teach money management, responsibility, saving, delayed gratification and a whole host of other skills. Students in fourth and fifth grades get to earn “class cash” by applying for and performing jobs in our classrooms, as well as earning bonus cash for good grades, good behavior and participation. They spend money by paying $1000 “rent” on their desks each month (which they can save up and pay off for $3000) fines for late work or poor behavior. Their favorite way to spend their money though, is at our class auctions.
For class auctions we create classroom coupons to be purchased for things like lunch in the teacher’s room with a friend, or using the teacher’s chair in class for the day. We also purchase fun things like small toys and candy. One of the more popular coupons we auction off is a lunch with Mr. Criss. Students have been to places like Pizza Hut, Gambino’s, and have even gone to the Alley in Wichita. We love that students look forward to spending time with him and get to do so in such a positive way. In addition to these things, parents donate items to our class to auction off! Not only is auction time something that students look forward to, but they are also learning so much about spending, saving, and using money wisely.
As children begin to transition to middle school and beyond, we want to provide them with life skills that they will always be able to use in order to be successful. We are so appreciative of the continual support we receive to make these auctions happen. If you would like to be a part of classroom economy in fourth and fifth grades, we would gladly take donations of any kind. To contribute, just contact Mrs. Nichols or Mrs. Randall and we will happily work out the details.