Tag: money management

Teaching Money and Consequences

Teaching Money and Consequences

by internationallanguagehouse ♥ 0 Leave a Comment

Another successful round of BOB Bucks Auctions this year!

Every year, towards the end of our third term, our teachers introduce our BOB Buck program.

Our mascot, BOB, is the face of our behavior currency for the last few weeks of school.

What do we mean by “behavior currency?”

Any selfless actions, acts of responsibility, and any other good deeds done by our students, are rewarded with BOB Bucks from our teachers. In order to correct bad habits or behaviors before the end of the school year, BOB Bucks are also taken away.

On auction day, the kids with the most money are able to buy the most expensive toys and also go shopping with the rest afterwards.

This program is very popular for the following reasons:

  • Kids have a better understanding of how their actions and consequences are connected.
  • The concept of money is introduced and kids learn how to count and spend wisely.

Here is some footage from our last auction of the year today!

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Our Final Auction!

Our Final Auction!

by internationallanguagehouse ♥ 0 Leave a Comment

Last week, we held our last BOB Buck auction of the year!

Towards the end of the school year, our students begin using our BOB Bucks system at ILH to further improve behavior before moving up to the next grade.

What is the BOB Bucks system?

BOB Bucks are a paper bill form of currency we use to reward kids for good behavior and punish kids for bad behavior. It is also a good tool for teaching management of money!

We hold two auctions at the end of the year. The first one is full of more explanation, while the second one is where all the kids know the system and get better at buying what they want.

In the meantime, we asked parents to bring in old, used, or even unused toys to donate for our auctions in the days leading up to the event. Thank you to everyone who contributed!

  • Thom Teacher supervises the kids from the front as Mikey Teacher acts as auctioneer and Timo Teacher acts as the banker.

We love doing auctions with the kids because it helps them make the connection between how good their behavior is and how many toys they can buy. Most of the time, everyone has more BOB Bucks the second time around because they tried harder to have good behavior at school.

We are looking forward to everyone moving up a grade next year! Just a few more days!