3rd Grade Classroom Economy

In 3rd grade my students are active participants in our classroom economy. They earn, spend, & save money. They can distinguish between Needs and Wants. Students created hand made duct tape wallets for money and keep running records of their earnings. Throughout the year my students learn about real life experiences like applying for and managing jobs, the pride one feels when chosen to be the employee of the month, having overhead expenses, and at the same time, trying to save money. We have auctions, garage sales, and many opportunities for students to use their money. This year long initiative teaches my students financial literacy.