This article with go through the ins and outs of the Bonuses and Fines you can provide your students in the Personal Finance Simulation.
Debits & Credits
Using funds as a classroom management tool is very effective. Follow the three-step process:
STEP 1: Select Students
Select a student to be featured in the transfer.
● To transfer to more than one student at a time, click every student involved.
● To deselect a student, click on his or her name in the “Selected” box.
STEP 2: Select Type and Describe
Determine whether money will be deposited (bonus), stock will be given (stock), or a one-time
bill will be created (fine).
● If a bonus is designated as recurring, it will be added to the student’s pay stub, and
taxes will be removed. A new, monthly, fixed bill is created if a fine is designated as
recurring.
● The description is not required. If it is left blank, it will appear in the Checking Registry as
a bonus or fine. It is recommended that a simple description be added for record keeping purposes.
STEP 3: Enter Amount and Transfer
Enter the amount of money to be transferred and select Transfer.
You can view the Transaction Log below the Bonus / Fine Transfer as well as, the Recurring Bonus List, Recurring Stock List, and Fine List.