You can read more about how I use this incentive system on my blog here:
This a behavior incentive program that allows you to practice the concept of money throughout the year. Students can earn or lose money based on certain behaviors. They see a display chart that tells them the behaviors that they can earn or lose money for and how much money they will get or get taken away. They have to be responsible for collecting their money properly, knowing how much to give and take back, and even trading up once they have enough (such as trading in 5 nickels for a quarter).
Pretend money has been provided that can be copied and handed out. The coins are made larger on purpose so that they are not easily lost. Students can get a mini file folder from the dollar spot at Target or the dollar store to keep track of their money. Or they can have their own pockets hanging from a wall display underneath the rest of the posters. I used to have students keep their money in zip lock bags and it was their responsibility to keep it all safe. They don’t get lost money back.
They can only gain access to the party (which I did every 2 to 3 weeks on a Friday), if they have enough money for the entrance ($5.00). The initial item (pizza slice, cupcake, etc.) is free, but any additional item such as candy, a drink, toppings, etc., cost more money. So the more money students have, the more they can get at the party. They can choose to save some of their money to roll over for the next party if you wish to do it that way. The day of the party, they come pay you for what they want and have to give you the money and ask for the correct change back if needed. LOTS OF MONEY PRACTICE!!
**4 types of parties display posters (CUPCAKE, PIZZA, MOVIE, AND ICECREAM – one version that has prices and one without which is editable so you can fill it out on your own. Plus a 5th blank editable one is provided so you can make up your own party.
**How to earn money and how to lose money posters. ..3 versions – one with behaviors and money amounts, editable one with behaviors and no money amounts so you can type the amounts in, and one that is blank so you can type in your own behaviors and money amounts
**Headings for a display board..title of “Saving Up For Our…” and then separate heading for each party, plus a blank one if you want to create your own version of a party.
**Entrance tickets for each party– colored and (mostly) uncolored version. Blank entrance ticket also provided to fill in for your own type of party
**Pretend money you can choose to copy onto colored cardstock or paper to laminate and give out to students as they earn the money. There are bills from $1.00 to $20.00 (so kids can trade in), and there are two versions of each bill. In the middle it either says “Party Money,” or “Classroom Money.”
**There are also pretend coins from 1 penny to the half dollar. These can be copied onto colored paper and handed out to kids, and the kids can trade them in for larger value coins or bills once they get enough.
The paper money is optional. Of course you can also you pretend money bills and coins that you can find at different stores