To earn a paycheck, they need to take on classroom jobs. They can get bonuses for academic performance, outstanding behavior, or extracurricular activities. But students can also incur fines for dishonesty, disrespect, or breaking other classroom rules. And for those who can save more than their rent, the system has rewards."
I enjoyed volunteering for the Vanguard Education Advisory Council to provide input on this free K-12 experiential learning program. As I reviewed the program for the elementary grades, I saw a lot of similarities between the rewards system for character point programs and My Classroom Economy. The difference is that My Classroom Economy takes it a step further and teaches kids how to manage the money they earn.
It is utterly important to teach and educate the young of America the importance of financial planning and managemen t from a very early age. Most of our financial problems stem from the fact that we, the adults, when we were kids did not have the know-how to manage our personal finances right after getting out of college. The $1 trillion student debt should serve as a reminder as to why financial education is important at a very basic level.
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