Last week we introduced Banqer to the students. Each week they will receive a salary of $300. They can also earn money for class jobs, doing awesome work, having a great attitude and showing our school values.
Just like in real life, the students are expected to pay weekly expenses e.g. use of classroom resources and WIFI, which will cost them $60. The students have an everyday account as well as a savings account to encourage them to think about savings and interest.
Today we looked at tax and interest - what is it and why? We discussed what our taxes pay for, such as public parks, schools and hospitals. The students learnt about interest and how this can be compounded. Lots of new things to learn but it's a good start!