Here is another
site which explains a concept that I find very interesting. Last year one of my
colleagues mentioned this system to me and I did not have a chance to try it
fully but I think that it is a great idea. The idea is that you give tokens
that are appropriate for the age of the child and they get something for it. It
can be used to reinforce some math concepts as well because they can accumulate
tokens to get things, just like in the real world. For example if a student
does something good he gets a set amount of tokens (like getting paid for a
job) then they can buy things like privileges or even things. I think that this
is a great way to introduce students to real life finances if developed properly
and maintained during the entire school year.
Thanks again
LouAnn
This would be a great thing to do especially in the younger grades when you are going the unit on money! You can base your money unit around this idea. "How much more do you earn for doing this job versus this job. What things would you need to do in class to earn enough to buy X?" The options are limitless! Thanks for sharing this, I may need to use this!
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