Payday

Preparation

On the first Payday, you'll need to explain how the process works.

The Payday video will show students an example of the banking procedures, and explain how to enter a deposit in the bank log.

Then the class can begin the Payday process. After distributing bonuses, you can oversee the students and answer any questions.

The Clerks hand out the paychecks.
You distribute bonus money to students who have earned it. Use the honor system when appropriate (for example, you might ask "Who participated in the school chorus this month?" and reward those who raise their hands).

Each student updates his or her bank log with the amount of the paycheck and any bonus money received.
The student takes the paycheck and the bonus cash (if any) to the Banker.
The Banker updates his or her copy of the student's bank log.
The Banker places the paycheck in the paycheck envelope within the banking folder.

Each Banker should keep about $200 in the bank folder at all times. The Banker should place any excess cash in the teacher's cash box.

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