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Completed: A Mathematical Mini-Economy

"How can a 6th grader in a high-need school learn personal finance? Students learn to manage money in math class of course!

How do you teach a 6th grader personal finance? You create a mini-economy that works in the background of your class. What if you don't have supplies? You ask for help. Yo... " MORE

"How can a 6th grader in a high-need school learn personal finance? Students learn to manage money in math class of course!

How do you teach a 6th grader personal finance? You create a mini-economy that works in the background of your class. What if you don't have supplies? You ask for help. You create what you can, and you beg for the rest.

The stamps, store supplies, and forms will help create the feeling of having a "real" economy in the classroom and will help reinforce the money/finance concepts taught in class. These resources will allow my students to take on actual "class jobs" and earn "money" for them. The students will benefit through actively participating in their learning.

By funding this project you will help my students understand financial issues. With these supplies students can see how the math they learn in class relate to the world outside.

My students need dollar and cent stamps, the account forms, and store supplies for their mini-economy. The cost of this proposal is $338, which includes shipping for any materials requested and fulfillment ."

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See Mrs. R.'s class participating in this project! (Enlarge photos)

Mrs. R. sent this note after the project was fully funded:

Nov 13, 2008

Dear Marthe, Linda, Jennifer, BRIANA, Richard M. Fairbanks Foundation and Washington Township Schools Foundation,

Thank you so much for funding "a mathematical mini-economy". I am very excited to have the tools for a mini-economy provided for my students. This mini-economy will help students learn how to track income and expenses and will teach them the value of a dollar. The materials you provided will supply the mini-economy with items for the "sales counter" as well as with real forms to complete. Again, thank you for your contribution to my students' education.

Mrs. R.'s Classroom: High Poverty School

Region:

Indiana

Where is the classroom located?

Submitted:

Sep 06, 2008 |

Expires:

Feb 12, 2009

Great news -- this project is now a reality! We ordered the materials and they were sent directly to the classroom.

Materials	Vendor	Price	#	Total
PEN,BALLPOINT,MEDIUM -- Pilot Better Grip Ball Point Pens; Medium Point, Black	Quill Corporation	$5.39	5	$26.95
QB PEN STYLE HIGHLIGHTERS -- Quill Brand Pen Style Highlighters; 6 Pack, Assorted	Quill Corporation	$2.51	5	$12.55
Q-TECH 90 LEAD REFILLS, .7MM -- Quill Brand Q-Tech Mechanical Pencil Lead Refills; .7mm	Quill Corporation	$2.06	10	$20.60
Q-TECH 90 LEAD REFILLS, .5MM -- Quill Brand Q-Tech Mechanical Pencil Lead Refills; .5mm	Quill Corporation	$2.06	10	$20.60
SHARPWRITER PENCIL -- Paper Mate Sharpwriter Mechanical Pencil; Yellow	Quill Corporation	$3.77	5	$18.85
PENCIL, LADDIE WITH ERASER -- Dixon Laddie Pencils; With Eraser	Quill Corporation	$3.86	10	$38.60
IMPRINTED DEPOSIT TICKETS, HORIZONTAL BOOKED, 1-PART -- Horizontal Deposit Slips; 1 Part	Quill Corporation	$11.69	3	$35.07
PETTY CASH RECEIPT PAD -- Adams Petty Cash Receipt Pads	Quill Corporation	$5.12	10	$51.20
Coin Stamp Set	Nasco	$7.88	1	$7.88
Bill Stamp Set	Nasco	$7.88	1	$7.88

Vendor Shipping Charges				$24.03
State Sales Tax				$0.00
3rd Party Payment Processing Fee				$3.60
Postage / Processing for Donor Thank-You Package				$9.00
Project Subtotal				$276.81
Optional Donation Towards Operating Costs				$60.76
TOTAL PROJECT COST				$337.57
Partner Funding Offer				-$83.65
5 Donors				-$253.92
To Go				$0.00

Additional Details

Level:

Grades 6-8

Teacher's funded projects:

Thank-you punctuality:

100%

Subject:

Mathematics (in Math & Science), Economics (in History & Civics)

Resource:

Supplies (Enrichment)

Students reached:

150

Used by future students?

Yes

Project ID:

186746

Live Updates

Reviewed the project essay and sent follow-up questions if needed.

Patty L. (volunteer) on Sep 9, 2008

Verified the cost of the requested supplies and posted this project.

John C. (associate) on Sep 10, 2008

Jennifer from San Diego, CA gave in support of Economics for Teachers on Oct 1, 2008

BRIANA from Tipton, IN gave in support of Bargain Briana Readers GIVE! on Oct 4, 2008

"Washington Township Schools Foundation is helping fund projects to support its teachers and students."

gave on Nov 4, 2008

Linda from Lindenhurst, IL gave in support of The Motley Fool - Foolanthropy Challenge on Nov 13, 2008

Marthe from Alexandria, VA gave in support of The Motley Fool - Foolanthropy Challenge on Nov 13, 2008

"The Richard M. Fairbanks Foundation funded this project to help Marion County teachers have greater access to literacy, science, and math materials to teach their students."

gave on Nov 13, 2008

Project fully funded!

Happy news on Nov 13, 2008

Thank You Letter posted!

The teacher Mrs. R. on Nov 14, 2008

Purchased the supplies for Mrs. R.'s classroom and notified the school principal of delivery.

Jenni D. (staff member) on Nov 14, 2008

Packaged the thank-you letters written by Mrs. R.'s students and sent them on to the eligible donor(s).

Renisa R. (staff member) on Feb 25, 2009

Photos posted!

The teacher Mrs. R. on Mar 12, 2009

Please notify our staff of any messages or photos of concern.

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