Since week 2 of term 1, we have been using an economic system to prepare us for future financial gains and struggles.
We have to get a job that involves helping in the classroom and earns an income to pay our desk rental and any fines we get. This can be very hard for some people with lower paying jobs. We also get bonuses which is helpful for people who are a little bit low on money.
What I like about this is that it teaches you the value of money, you have to work hard to earn an income and you must use it wisely. It also exposes people to financial subjects and they may become interested in choosing them for a career.
The worst/best part about the economic system is that the police will fine you if you have a messy desk or for breaking any class or school rules. If you don't have enough money to pay rent you will be evicted and have to sit on the floor with your items - which will make it easier for police to fine you with your messy stuff! The worst part about any job is, if you're not exceptional or not good at your job you may be sacked and there will be a decrease in your money flow ): You will go bankrupt!
But otherwise this is an amazing way to teach about finance for maths.
Some of our jobs :
banker, kitchen hand, messenger, I.C.T specialist, lunch monitor, P.E monitor, police, Blogger
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