PAY DAY, AUCTION DAY

EVERYONE:

1. On a half piece of paper, write down the name of 1 person in this class that you think deserves a bonus and explain why you think they deserve a bonus. This will be read to the class. I will not read your name though.
2. Get your paycheck from your clerk
3. Enter the amount on your paycheck into your Google Sheet as a deposit. Be sure to date it appropriately.
4. Endorse your paycheck & give it to your banker. Your banker will give you the money from your paycheck
5. Record any other unexpected bills and pay them
6. Record any other unexpected deposits
7. COMPARE YOUR SPREADSHEET WITH YOUR BANKER’S VERSION OF YOUR SPREADSHEET TO BE SURE YOU BOTH AGREE!!
8. Check out the list of auction items & determine which ones you would like to purchase (and can afford to purchase!)–use CASH to purchase items from the auction
9. Deposit any cash you have left with your banker–fill out a deposit slip and give the slip and your cash to your banker
10. LEARN HOW TO RUN A BUSINESS!! Read about and play LEMONADE STAND for the rest of class.

JOBS:

CLASS BANKER:

• Confirm deposits & withdrawals for each of your customers
• DEPOSITS
  1. Each of your clients will give you a deposit slip & their paycheck–you need to put their deposit slip & paycheck into their envelope which you are keeping in your folder
  2. Give them the cash for their paycheck
  3. Record the deposit of their paycheck into their Google that you have in your Google Drive
• WITHDRAWALS
  1. If your clients present you with a withdrawal slip, put the slip in their envelop in your folder
  2. Give them the cash
  3. Record the withdrawal in their Google sheet in your Google Drive
• CONFIRMATION
  1. Record each of the following for your clients every pay period:
     1. Rent payment
     2. Electric bill
     3. Recycle bill
  2. Record anything else that is specific to them–lottery winnings, unexpected expenses, etc.
  3. BE SURE TO HAVE EACH OF YOUR CLIENTS BRING THEIR CHROMEBOOKS TO YOU SO YOU CAN COMPARE WHAT YOU HAVE IN THEIR GOOGLE SHEET TO WHAT THEY ACTUALLY HAVE–THE BALANCE THEY HAVE MUST AGREE WITH WHAT YOU HAVE
• Update the log of all of the money that goes in and out of the classroom cash box, including withdrawals and deposits from the Bankers and the teacher and the collection of rent & other bill payments using Google Sheet you created for this purpose.

BANKERS:

• Confirm deposits & withdrawals for each of your customers
• DEPOSITS
  1. Each of your clients will give you a deposit slip & their paycheck–you need to put their deposit slip & paycheck into their envelope which you are keeping in your folder
  2. Give them the cash for their paycheck
  3. Record the deposit of their paycheck into their Google that you have in your Google Drive
• WITHDRAWALS
  1. If your clients present you with a withdrawal slip, put the slip in their envelop in your folder
  2. Give them the cash
  3. Record the withdrawal in their Google sheet in your Google Drive
• CONFIRMATION
  1. Record each of the following for your clients every pay period:
     1. Rent payment
     2. Electric bill
     3. Recycle bill
  2. Record anything else that is specific to them–lottery winnings, unexpected expenses, etc.
  3. BE SURE TO HAVE EACH OF YOUR CLIENTS BRING THEIR CHROMEBOOKS TO YOU SO YOU CAN COMPARE WHAT YOU HAVE IN THEIR GOOGLE SHEET TO WHAT THEY ACTUALLY HAVE–THE BALANCE THEY HAVE MUST AGREE WITH WHAT YOU HAVE

FINE OFFICER:

• Check the Offense Log to see whether any of your clients have committed infractions.
• Monitor student’s work areas. Give out fines for messy and/or unclean work areas.
• Monitor student jobs. Give out fines to students who are not doing their job.
• Monitor student behavior in class. Give out fines to students who are not on task.
• Your clients will be bringing their fine money to you. Make them paid in the fine log & give the cash to the class banker

CLERKS:

• Make out everyone’s paychecks & distribute them
• Make sure there are enough copies of all documents in the shelf
• Hand out papers to students.
• Collect papers or homework from students.
• Organize the class supply area and keep it neat.

AUCTIONEERS:

• Make a list of items for the auction and include the price–place the list somewhere in the classroom where everyone can see it
• Keep track of how much each item sells for
• Collect the money from your clients
• Keep 10% of your earnings per auction & give the rest of the cash to the cash banker

VISUAL DISPLAY ARTIST:

• Using a spreadsheet, keep track of everyone who has paid their rent–$500 per month–give the cash to the class banker once you have received payment from all students
• Determine what type of information is presented on the class bulletin boards and walls and windows.
• Ensure class displays are updated with relevant class information.
• Decorate room.
• Paint.
• Make a sign using Publisher that shows a positive & motivating picture and/or quote

RECYCLIST/LOTTERY MANAGER:

• Collect $50 from each student to pay for their recycling bill & keep track of who paid using a spreadsheet–give the cash to the class banker once you have collected from all the students in the class
• Put the name of each person in your class on a small slip of paper. Put the paper in a box. Draw names to see who wins the lottery.
• Make sure only paper is in the recycle bin
• Make signs to hang around the school that encourage people to recycle
• Monitor the recycling bins and trash cans for appropriate deposits.

ELECTRICIAN:

• Collect $150 from each student to pay for their electric bill. Keep track of who paid using a spreadsheet. Give the cash to the class banker once you have collected all money from all students in the class.
• Creatively present ideas on how to conserve energy and reduce the monthly bill.
• Research ways to reduce fossil fuel usage
• Make signs encouraging energy conservation

ATTENDANCE MONITOR/BONUS PROVIDER:

• Take daily attendance and record absences.
• Give a $100 to each student for perfect attendance since the last payday/bill day
• Report absences to the teacher.
• Provide students with make-up materials when they return to class.
• Make a list of people in the class
• Let everyone know who had perfect attendance since the last payday/bill day
• When people are absent, email them to let them know what happened in class and encourage them to request Mrs. Weber for Comet Time to get caught up.

MESSENGER:

• Deliver written or spoken messages to people throughout the building.
• Post messages in the classroom in regard to what jobs or duties need to be done.

ECONOMIST:

• Monitor spending habits and trends during the class auction.
• Report back to teacher and other students about the buying trends for the auction and how they compared to previous auctions in a Google Doc shared with the teacher and the entire class.

LEARNING OBJECTIVES:

1. You will learn why saving is important.
2. You will see the impact of saving habits in the short term and the long term.
3. You will identify what type of spender/saver you are now and decide whether or not that should change and why.

ORDER OF EVENTS:

1. WATCH THIS VIDEO
   1. What do you think the video demonstrates about why saving and planning ahead are important?
2. WATCH THIS VIDEO
   1. Based on what you saw in the video, what is the difference between Bobby and Prudence’s money habits?
   2. What is similar about Bobby and Prudence’s money habits?
3. READ ON YOUR OWN, BUT DISCUSS YOUR ANSWERS WITH A PARTNER AS  YOU GO
4. READ ABOUT AND PLAY THIS