First, Pay periods are defined. The students may receive checks every two weeks, on the 15fh and end of month, once a month, or any customized periods. This should be consistent so that the students can anticipate their payday.

Second, actions for which points are to be rewarded are defined, ex: Attendance, Citizenship.

Third, Checks are designed.

Fourth, a student list is entered.

Each pay period, assignment given during a pay period are entered into the system. The maximum score is included along with the Pay Points that can be earned for the assignment.
Note: 'Pay point' is the name of the money used in this economic system.

After the students complete the assignments, the student information is entered showing the actual score, comments about the accomplishments (opt), and the number of pay points actually earned.

In addition to points earned by completing assignments, up to five additional types of points may be awarded for things like attendance, behavior, bonuses, fines,...

At the end of a pay period, a check is printed for each student and a direct deposit is made to their bank account and a progress report is printed showing their current bank balance and their results for the assignments given.

Initially, the students will cash their checks for cash. They can decide the denomination of the bills.
Example: If a check is for 18 pay points, they can select:
• One 10, one 5, and three 1 pay point bills
• Three 5 and three 1 pay point bills
...When purchasing items, they need to determine what they can afford, the bills to use to pay for the items, and the change they should receive when presenting the bills.
If an item for sale is wanted by more than one student, an auction is a good solution.

Once the students have mastered the handling of pay point bills, they should move on to using a bank account. Instead of cashing their checks, they will write checks when they make a purchase. They will learn the vocabulary such as 'deposit', 'withdrawal', 'balance', 'year-to-date earnings'.

Each student is given an ID and password to gain access to their bank account online. Their balance at the end of each pay period appears on their progress report as well as online.

The students may be allowed to bring small items that they wish to sell into the classroom. When another student wishes to purchase an item, they write a check to the seller.