Benefits of Using a Classroom Economy

As teachers, implementing the right classroom management plan to keep our classrooms running smoothly can feel overwhelming. Thankfully it doesn’t have to be! In this post, you’ll learn the 7 benefits of using a classroom economy as part of your classroom management plan. 

What is a Classroom Economy?

Many teachers use a points system such as ClassDojo to allow students to earn points as a reward for following directions throughout the school day. But what happens once students receive a certain number of points? How can we reward our students? That’s where a classroom management money system (also known as classroom economy) comes in.

Classroom economy money is printable dollars that are worth currency. Students earn this currency or “class cash” for their behavior.

Class cash is great because it teaches students about the real-world skill of earning and spending “money”. Plus, we use class cash with a FREE coupon reward system that saves teachers money!

Learn more about the benefits of using a classroom economy below. 

7 Benefits of Using a Classroom Economy

1. Gives Practice with Real-World Math Skills

It’s important for us to find ways to make the skills that students are learning relevant to the real world. Using a classroom economy reward system with your students allows them to practice counting money, “paying” with money, and saving up their money for something they really want – in this case a coupon reward! 

2. Instills Leadership Qualities

In order to earn Points and thus class cash and reward coupons, students must show that they can be leaders within the classroom. This includes following directions and setting a good example for others. As students see their classmates earn reward coupons, they’ll want to find ways to earn their own.  Additionally, students will learn the value of money by having to work hard to earn it. 

3. Saves Teachers Money

Are you tired of spending your hard-earned money on prizes for your treasure box each week? When you use this system, you won’t need to! 

All of the reward coupons that students can earn come at no charge to you such as wearing a hat to school, sitting at the teacher’s desk, or skipping morning work for the day. The best part is that students get to shop the reward catalog and choose which coupon they want – just like they would with a treasure box!

Sample the classroom coupons below. 

4. Allows You to Reuse

These classroom economy money printable dollars and reward coupons just need to be printed once and then can be reused for years to come! Want a way to make them last longer? Laminate them for more durability. 

5. Provides Whole-Class or Individual Incentives

Whether you want your whole class to receive a reward or want to target specific students, this classroom economy reward system gives you flexibility! Students can pitch in money to buy a big whole-group reward or save it for an individual coupon purchase. There are so many possibilities with classroom cash!

6. Creates Student Buy-In

The biggest and most important part of any kind of incentive for a classroom management behavior system is that your students WANT to participate. The coupons included in this Classroom Economy resource are fun and exciting ideas that students enjoy. Plus, students can choose their own coupon which means that they have control over what their reward is. Students will be so excited for ‘Shopping Day’ where they’ll get to browse through the coupon catalog for the perfect reward.

7. Motivates Students

Need a way to get your students’ behavior back on track? Or looking for a way to encourage your students to complete their classroom jobs? These reward coupons do the trick! As students show desired behaviors and show that they’re completing their class job, they can earn money to cash in. It’s a win-win for you and them!

Looking for other effective classroom management behavior strategies? Click here. 

Ready to start using a classroom economy reward system in your classroom? Be sure to share in the comments below how this classroom management plan helps transform the behaviors in your classroom!

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