PayGrade as a Classroom Management Tool

Many classrooms use PayGrade.io as a classroom management tool. 

Many elementary teachers and middle school teachers use PayGrade to help reinforce positive behaviors (PBIS model) and help create a mini society where everyone does their part to make the community successful, and in the process, learn some important money skills. This is how I used the software in my classroom. Students would have jobs, pay their rent on their desk, pay their bills (wifi, electricity, water, trash, and chair rental) and then with their left over money they could save it or use it in an auction.

Follow the lesson plans to set up the classroom economy or to teach specific financial skills to your students (i.e. the purpose of insurance, buying a new or used car, etc).  

Lesson 1: Introduction to PayGrade.io & Read Aloud                         Time Frame: 30 minutes

Learning Objective: Students will be able to define financial literacy and understand how PayGrade will function in the classroom through a read aloud.

(Books were written prior to PayGrade's rebranding - just substitute PayGrade for BoulayBank)

Link: Lesson 1: Introduction to PayGrade

       PayGrade Read Aloud

       Banco de Boulay (Read Aloud in Spanish)

 

Parental Consent Form: Pass out to students during the first lesson to share with parents information about the site.

Lesson 2: Profile & Resume Set Up                                                  Time Frame: 10-15 minutes

Learning Objective: Students will be able to identify personal qualities to write a resume.

Link: Lesson 2: Profile and Resume Set Up

Lesson 3: Apply for a Job & Optional Interview                                Time Frame: 15-20 minutes

Learning Objective: Students will be able to leverage personal skills and experience to fill out a job application.

Link: Lesson 3: Apply for a Job and Optional Interview

Link: The Banker Job- Cheat Sheet

Link: Job Descriptions to Print for Student Reference

Lesson 4: Action Items- Bonuses & Infractions                                       Time Frame: 10 minutes

Learning Objective: Students will be able to define bonus and infraction, relate it to the real world and understand how to use it in relation to PayGrade.

Link: Lesson 4: Action Items- Bonuses and Infractions

Bonuses and Infractions List for Students to See

Lesson 5: Bills & Assets: Renting vs. Owning                                       Time Frame: 5-7 minutes

Learning Objective: Students will be able to explain how life costs money and the advantages and disadvantages of renting versus owning a home (your desk).

Link: Lesson 5: Bills & Assets: Rent vs. Owning

Certificate of Title to Desk

Lesson 6: Checking vs. Savings vs. Credit Accounts                               Time Frame: 15 minutes

Learning Objective: Students will be able to compare and contrast savings, checking and credit accounts by analyzing pictures to help determine meaning.

Link: Lesson 6: Checking vs. Savings vs. Credit Accounts

Lesson 7: Cash! PayGrade Bucks & the QR Code Reader                      Time Frame: 10 minutes

Learning Objective: Students will be able to install and deposit cash (Insertyourschoolnamebucks) into their accounts using a QR code reader.

Link: Lesson 7: Cash! PayGrade Bucks & the QR Code Reader

Lesson 8: Purchasing a Car/Mode of Transportation .                            Time Frame:3 - 30                                                                                                               minute sessions
 

Learning Objective: Students will be able to research and buy a car on PayGrade while learning about interest rates and taxes.

Link: Purchasing a Car/Mode of Transportation

Lesson 9: Life is a Game of Chance!                                     Time Frame: 10 minutes once a                                                                                                               week

Learning Objective: Students will be able to experience spontaneous situations in life that cost money and others that bring in money and begin to see the value of insuring against these situations.

 

Link: Life is a Game of Chance!

Lesson 10: Auction/Reward Day!                                                   Time Frame: 20-30 minutes
                                                                                                                  (Once a month)

Learning Objective: Students will be able to save or spend their left over money on Reward day items and experiences.

Link: Auction/Reward Day!

Silent Auction Template

Auction Item Ideas Powerpoint

Lesson 11: All About Fraud: Learn How to Protect Yourself                    Time Frame: 40 minutes

                                                                            (+5 min each day for week prior to lesson)

Learning Objective: Students will be able to explore different types of fraud, how better to protect themselves from criminals and what to do if their bank account has fraudulent activity.

Link: Fraud: Learn How to Protect Yourself

PayGrade.io- Transforming classrooms into economies. 

© 2020 PayGrade.io. Proudly created with Wix.com