Teacher teaches third-graders about finances by charging them “rent” for necessary school supplies –

A North Carolina math teacher has gained huge popularity on TikTok for her contemporary approach to teaching third graders the realities of monetary management.

Shelby Lattimore had the “class banker” hand out decorated envelopes full of fake money called “Miss Lattimore Bucks”, which corresponded to every student’s earnings for their class work.

“We have a teaching assistant, a line leader, a door holder, a recess bin and a lunch bin. We have a cleanup crew,” Lattimore told NBC News.

She then charges them “rent” for school supplies comparable to desks and textbooks, and allows them the liberty to make your mind up the way to spend their earnings.

“Not all positions earn the same money. Jobs that are done every day, such as line leader and teaching assistant, for example, jobs where you have to constantly be doing something, earn more than jobs that are done occasionally or from time to time,” he explains.

It’s not only about giving her third-graders early lessons about money management, but additionally about teaching kids to understand the exertions their parents and guardians provide.

“Seeing my students now appreciate what their caregivers are going through, obviously in a safer environment, just gives them a sense of responsibility to continue to move forward as adults,” Lattimore said.

She hopes her lessons will help overcome the financial education gag on the Charlotte school, which serves mostly black and Latino students.

“Charlotte is known for generational poverty,” Lattimore said. “A lot of my students of color, Latino, Black, whoever it may be, they see their parents, their guardians, they see their grandmothers, grandfathers or whatever, maybe they’re living on a paycheck. They see that managing money is about not necessarily thinking long term, and what the consequences are.”