How to Teach Kids About Money PLUS
Create a classroom where students earn, save, spend, and invest classroom money (updated for distance learning). PLUS gives you the accountability of deadlines and a community when completing the course.
All the learning of 'How to Teach Kids About Money' plus the support of a community.
In 'How to Teach Kids About Money Basic' you learn how to design an engaging classroom economy that teaches students how to earn, save, spend, and invest money, all while teaching them 21st century skills and serving as your classroom management system.
'How to Teach Kids About Money PLUS' is the exact same course but adds the support and accountability of a community:
- a cohort of other educators to work with
- a schedule of deadlines to keep you on track
- more guidance from me through asynchronous office hours
Let's start by looking at the course.
Every kid deserves a teacher that will teach them about money.
The problem is that worksheets and a couple 30-minute lessons are not going to leave a lasting impact on your students.
You want to teach your students financial literacy skills, but you’re not sure exactly how to do it in a way where they have a real experience with money that they remember for years to come.
In 2014, I started what's called a CLASSROOM ECONOMY
Students apply for class jobs and they get paid in classroom money. They use that classroom money to pay rent on their desks, pay any classroom fines for misbehavior, purchase items in a monthly auction, and buy their desk to watch it grow in value.
It's been the most engaging classroom experience for my students and the most fulfilling teaching experience for myself.
I've work with other educators to help them develop this engaging classroom economy experience for their students.
This course will teach you how to do it in your classroom!
It's been the most engaging classroom experience for my students and the most fulfilling teaching experience for myself.
I've work with other educators to help them develop this engaging classroom economy experience for their students.
This course will teach you how to do it in your classroom!
WHAT YOU'LL LEARN
The course is broken up into 4 modules to help you start teaching your students about money.
MODULE 1 | Set Up
You'll learn exactly what a classroom economy is, you'll brainstorm which class jobs you'd like to incorporate (I give you a ton of ideas), and you'll decide what your classroom fines will be as well as what behaviors and actions can earn students bonus money.
MODULE 2 | Applying & Hiring
You'll learn what to share on day 1 when you introduce the students to the classroom economy, you'll create the job application form for students to fill out, you'll learn what to consider when hiring students, and you'll get your online classroom banking system all set up.
MODULE 3 | Training & Routines
You'll train students by creating a checklist for each student to follow as they perform their job, you'll learn how manage the fines and ensure students are paying them, you'll learn how to conduct 'bonus money day,' and how to set up the classroom auction.
MODULE 4 | Ending the Year
You'll learn how to set students up to purchase their desk as an asset so they no longer have to pay rent, you'll get ideas of what to do when students go into debt, and you'll brainstorm ways to create a memorable final experience in the classroom economy.
BONUS MODULE | Distance Learning
Throughout the modules, you'll be provided with various modifications that can be made if you are doing distance learning. This module contains all those modification in one place as well as an additional student project template that you can use to teach your students how to make money from home using eBay.
HOW THE COURSE WORKS
Each module will be broken up into several lessons.
-
Each lesson has an instructional video that you will watch.
-
You'll be given resources in the form of Google Doc templates that you can customize
-
Each lesson will have an assignment for you to complete to tailor the classroom economy experience to your context.
DISTANCE LEARNING?
This course was designed before the days of distance learning but it is adaptable to a distance learning and hybrid model.
Throughout the course you will find the modifications that I've made this year when my class has been fully remote.
Teachers have gone through the course while teaching remotely and have shared that they found it to be a great way to connect with students and drive engagement during distance learning.
Throughout the course you will find the modifications that I've made this year when my class has been fully remote.
Teachers have gone through the course while teaching remotely and have shared that they found it to be a great way to connect with students and drive engagement during distance learning.
TESTIMONIALS
"Thom helped give me the courage to try a classroom economy with my 5th graders by showing me how he implements it in his classroom. I really appreciated his thorough explanations, and it transformed my classroom into a fun, experiential learning environment."
-Aaron Riedl
Thom's course on Classroom Economy provided very practical advice on how to start, implement and maintain a classroom economy for middle school students. His videos are short and sweet and provide easy to follow instructions. Because of his course, I was able to start my economy very quickly. I highly recommend this course. My students love this system and have learned the value of a dollar.
-Tatiy Webb M.Ed
I love how Thom has outlined all the steps with videos and digital examples of the documents. What started out as something to engage my students has actually provided many insightful moments into the lives of my students! I cannot wait to see the creativity my students will bring to their jobs! The classroom economy is one of the best teaching resources I have EVER purchased.
-Cindy Garwood
COURSE CURRICULUM
-
1
Welcome!
-
0.1 | Welcome the the course!
-
0.2 | How to use this course
-
0.3 | All documents in one place
-
-
2
WEEK 1 | March 1 - 5 | Set up
-
1.1 | Classroom Economy Set up
-
1.2 | Creating Class Jobs (Fully In-Person)
-
1.3 | Creative & Curatorial Jobs (Hybrid)
-
1.4 | Supportive Jobs (Hybrid)
-
1.5 | Deciding on Fines & Bonus Money
-
-
3
WEEK 2 | March 8 - 12 | Applying & Hiring
-
2.1 | Introducing the System to the Students
-
2.2 | Hiring Students
-
2.3 | Setting up the Virtual Bank
-
-
4
WEEK 3 | March 15 - 19 | Training & Routines
-
3.1| Training Students & Beginning Fines
-
3.2 | Fine Day
-
3.3 | Bonus Money Day
-
3.4 | Auction Day
-
-
5
WEEK 4 | March 22-26 | Ending the Year
-
4.1 | Students Buying Desks
-
4.2 | Students Going into Debt
-
4.3 | Final Auction & Ending the Year
-
-
6
BONUS MODULE | Distance Learning Classroom Economy
-
Jobs, Bonuses, Fines, and Marketplace
-
PROJECT | How to Make Money From Home Using eBay
-
FAQ
-
When does the course start and finish?
The course is completely self-paced and course materials will be available as soon as your co-hort starts. In 'How to Teach Kids About Money PLUS' you'll have the option to work through the modules on a schedule of deadlines that is set over a 4-week session. You'll also share your classroom economy journey with other educators inside the online community. Enrollment for each session is open for 4 weeks before the session starts.
This cohort will begin March 1, 2021 and run through March 28, 2021. -
Will I still have access to all the materials after the PLUS session ends?
Absolutely. Once you've enrolled, you'll have lifetime access to the course materials.
-
What happens after I enroll?
You will receive an email with a link the course page. Bookmark this page! Additionally, in 'How to Teach Kids About Money PLUS' you will be sent an email the day before the session starts that will tell you how to access the private community forum. This is where you will find your course calendar for your cohort, meet your fellow cohort members, and start working on the course side-by-side.
-
Is this course run by an instructor?
This course is a self-paced online course, which means you won't get any grades, have scheduled class times, or meet directly with an instructor. You will have the PLUS community of other educators working through the course at the same time as you as well as asynchronous office hours support from me, Thom Gibson, creator of the course.
-
What do you mean by 'asynchronous office hours?'
There will a place in the community forum to ask your questions as you're working through the content that week. During designated times that week, I will record short screencasts to answer your questions that you can watch at your convenience.
-
Would a classroom economy work in my grade level & content area?
I have seen a classroom economy done at every grade level in K-12 in all content areas (math, science, humanities, arts, ELA, etc). While the course has been designed around how I've implemented it in the middle-school STEM context, all aspects of the curriculum are customizable (which is what many of the course assignments focus on). Additionally, you will have the support of other PLUS community members that are contextualizing it for their grade level and content area.
-
Do you accept purchase order?
Yes! Please fill out THIS FORM. For 'How to Teach Kids About Money PLUS' purchase orders must be received at least 5 days before the co-hort start date to allow time to process the request and enroll the participants in the course. If the purchase order is received after that time, I may not be able to enroll your group in it's desired cohort.
-
How is 'How to Teach Kids About Money PLUS' different than 'How to Teach Kids About Money BASIC'?
It's the exact same course content. The only difference is that PLUS has you working through a course on a calendar with a cohort and additional support from Thom, the course creator.
-
I've already purchased the BASIC course. Can I still join PLUS?
Yes! Email me at [email protected] and I'll arrange for you to pay the difference and add you to the PLUS cohort!
INSTRUCTOR
Thom Gibson
[email protected]
Thom Gibson is a two-time teacher of the year educator in Austin, TX with over 10 years of classroom experience. He's taught taught middle school math, robotics, physical science, esports, and YouTube Video Production.
Outside of education, he's a practitioner of Brazilian Jiu Jitsu, a chicken wing (and ranch) connoisseur, loves to run, and is actively involved in his church.
PITCHING YOUR ADMIN
Before you decide to purchase the course on your own, TALK TO YOUR ADMINISTRATION!
Many admin have PD funds for teachers and you don’t get what you don’t ask for. Even if you think they’ll say no, just ask. When you make the ask for this PD course, instead of asking “Can I have this”, tell them “This is why I need this, and this is how it will positively impact students”. Here are a few talking points:
Google your state’s financial literacy standards and say how this course will help you address those standards with an ‘experiential-learning’ model. (If your state doesn’t have specific financial literacy standards, use the National Standards in K-12 Personal Finance Education by JumpStart)
Additionally, the classroom economy serves as a classroom management tool (through the use of classroom fines) that you’ll be able to implement with all of your classes and students. You’ll also receive guidance on how to incorporate the fines with students on behavior plans.
Learning how to teach financial literacy will enable you to become a more effective teacher and a more valuable asset to the school.
By becoming a more effective teacher, you will improve the outcomes of your students.
The course provides many resources that are modifiable Google Docs, which is less lesson planning time on you and more time and energy to put towards building relationships with students and teacher self-care.
When they say yes, bring your laptop to them so you can sign in with your own username and password but pay with the school PayPal or with credit card. Purchase orders are also available.