Banking
The First Bank of Ludwig
During class in August and the first part of September, I will be teaching the students the basics of "real-world" math. In this "real world" application of math I will focus on how to set up and maintain a checking account. Students will have to create a budget and learn how to manage personal finances. They will be required to pay bills after they receive a paycheck for "coming to work".
Click First Bank of Ludwig
This year, I will be using an online banking system with the class. Click on the link above to access your class banking account. Use the username and password given in class.
Incentives
There will be incentives for positive behavior, helping, and good work. The main incentive program involves a classroom economy in which the students will learn "real word" financial skills. I will be teaching students responsibilities which include opening and maintaining a checking account, earning a paycheck, paying bills, and budget planning.
Students earn money by:
Students need to budget for:
Please click "View More" below for an example of banking documents.
During class in August and the first part of September, I will be teaching the students the basics of "real-world" math. In this "real world" application of math I will focus on how to set up and maintain a checking account. Students will have to create a budget and learn how to manage personal finances. They will be required to pay bills after they receive a paycheck for "coming to work".
Click First Bank of Ludwig
This year, I will be using an online banking system with the class. Click on the link above to access your class banking account. Use the username and password given in class.
Incentives
There will be incentives for positive behavior, helping, and good work. The main incentive program involves a classroom economy in which the students will learn "real word" financial skills. I will be teaching students responsibilities which include opening and maintaining a checking account, earning a paycheck, paying bills, and budget planning.
Students earn money by:
- weekly job $150 paycheck ($30 a day for doing your job)
- returning weekly reports on time...Monday=$20, Tuesday=$10
- providing a service to other students such as cleaning out desks, organizing binders, etc...
- good sub report (amount varies depending on report left by sub...up to $500)
- displaying good behavior
- behavior chart incentives
- behavior wheel incentives
- "That's Life" drawings
Students need to budget for:
- bills due on the first Friday of each month (Rent $200, Electricity $25, Water $25)
- $30 fine each day if weekly report is not turned in on time (by Wednesday); fine stops each week
- $50 for an extra copy of an assignment because you lost or misplaced it
- $25 for a late homework assignment
- $10 extra trips to locker during class or a special
- borrowing supplies
- behavior wheel fines
- bid items
- store items
- behavior chart fines
- "That's Life" drawings
Please click "View More" below for an example of banking documents.
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