In my classroom, I give out Looney Bucks. (My maiden name is Looney...now that I am married I need a new name for them!) The majority of the time they are only worth $2 (or two bonus points). The students earn these but doing good on assignments, trying hard, following directions, do nice things for others just to be nice...etc. When you download this you can easily edit it to include your own name and even change how much they are worth. Every so often in my classroom I will hand out $10.
The rules (for me):
-Each student MUST keep up with their LBs. No more will be given out for lost LBs.
-Students can only use 10 points at a time. (This is to keep them from not working or not studying for a test.)
-They can use these on any assignment, although most use them for tests because they are worth more.
-Last rule: DON'T ASK ABOUT LOONEY BUCKS. The students know if they do something and then ask for LBs...it automatically cancels out their good deed. Eventually they catch on and don't ask "Can we get Looney Bucks for this?" Because they know if they ask....the answer will always be NO.
*If you are afraid this might be too cheesy for older grades, I can confidently say they are not. I have used these in classrooms grades 7th-11th. No matter the age, gender, race, etc.....they LOVEEEEEEEE THEM! Cheesy or not :)