Classroom economy system for teaching financial literacy

Set up a classroom economy to teach financial concepts. System: 1. Jobs: Students apply for and hold classroom jobs (e.g., line leader, tech support, librarian), earning a weekly 'salary' in classroom currency. 2. Income: Students earn money for their job and bonuses for positive behavior. 3. Expenses: Students pay 'rent' for their desk and 'fines' for breaking class rules. 4. Banking: Students use a ledger to track their deposits and withdrawals. 5. Market: Hold a monthly 'store' where students can spend their earnings on small prizes or privileges. Advanced concepts: introduce 'interest' for savings, 'loans' for large purchases, and 'taxes' to fund class projects. Teaches responsibility, basic economics, and money management skills.