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The Woods Academy

Where curiosity and confidence thrive.

Managing Money in the Math Classroom

Mrs. Kristen Chrobocinski, Grade 5 and 7 Math Teacher; Grade 7 Advisor

As a way to connect financial literacy, I decided to have a classroom economy system in the 7th grade math classes. The students each have a job in the classroom, but unlike last year, they receive a salary each month for completing their job.

As a way to connect financial literacy, I decided to have a classroom economy system in the 7th grade math classes. The students each have a job in the classroom, but unlike last year, they receive a salary each month for completing their job.

Here are a few of the jobs this year;

  • Motivational Speakers- have a quote or a short speech ready each Monday
  • Boards Managers- make sure my board is erased, the date written on the board
  • Class timekeeper- Sets a timer when I need it, keeps track of time in class
  • Athletic director (pictured below) - Completes a stretching routine in the middle of our long blocks

The students pay $1000 of “Chrobo Cash” to rent their desks. Along with their salary, they receive bonus money for extra-curricular activities, for doing well in class, and for completing their IXL modules. They can receive fines for off-task behavior or for not being prepared for class.

Every month, they will also have an auction where they can use their “Chrobo Cash” to buy items. They must budget to make sure they have enough money for rent. Some students even save their money so they can “buy” their desk. Along with learning how to manage money, it's a way for students to feel connected to the class and to each other. Later this winter, we will find ways to turn “Chrobo Cash” into charitable giving. I am looking forward to the rest of the year!