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SNAPSHOT OF THE EARN AND LEARN PROGRAM

July22

This term the students are involved in a financial awareness program called Earn and Learn developed by Rob Vingerhoets. Through this program students operate in a way similar to a small town or community. They develop vocabulary (related to money), letter writing skills, prepare for an interview, write a resume, create advertisements (posters) work in a team and learn to negotiate.

The students receive a base weekly payment for the work they complete. Students who undertake Positions of Responsibility (P.O.R) within the classroom receive additional payments. Responsibilities might include taking the lunch orders to the canteen, cleaning the class library, turning on and off the lights when we enter and leave our room, distributing newsletters and delivering messages, attending the phone and so on. 

 

Students have the opportunity to sit where they want and this would determine the rent they pay. They have to document their income and expenditure through a spreadsheet and work in teams to operate their business. Just like in the real world, students encounter fines for not doing homework. Students also pay tax through the money they earn, make payment towards their utility bills (water, gas and electricity), take out insurance policies against H.W (forgetting their homework), contribute to superannuation and make weekly purchases.

Students operate their businesses within the classroom on Market Day and have the opportunity to visit market day held in other classes. 

 

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