My daughters school....?

Question

Are debating whether to set up a mini bank branch within school grounds; which the children will run (obviously with the teacher's guidance & close suveillence). It's primary aim being to teach children about finance & banking. My daughter seems very excited at the idea and is keen to get a main role within the 'minibank' (as seems to be the general feel amongst the children). I was just wondering if anyone has any experiences of such a scheme.. whether it's at your childrens school or one you have attended/attend. Has it been successful? Even if you have no experience of such a project your opinions would be greatly appreciated, what do you think of the idea? How could it benefit the kids & what might be the drawbacks? If your a child would you like to be a part of the "mini-bank" if it came to your school. If your a parent what would you feel about your children dealing with other peoples real money? There is a parents meeting on the matter next week so the more information the better for me to discuss with others =)

Thanks guys.

Answer 1

Maybe why the children are so static about it is that they don't think of this is a teaching tool but as a new toy, something fun than educational. If the children are put into a mindset of this being school work orientated this will be a great tool, I curious in know if the children will be doing simple task like taking money or organizing thing or will they be doing simple interest and compound calculation etc. Either way these will teach the children workplace structure and math skills. This sound like a good Idea, just wish my primary school had this.

Answer 2

No, I personally haven't been connected with anything like this but I believe it would be a good learning tool for the children, as far as finances go, and teaching them about responsibility with money.

Answer 3

real money?  Absolutely not.  It's bad enough kids steal pencils.  Parents should be teaching about money at home.  I don't think grade school is the place for this.