Seaton Currency

The Seaton Crown is a currency used in our school.

How Can Children Spend Their Crowns?

Every once in a while, there will be the opportunity to spend hard-earned crowns in the crown shop.

There will be opportunities throughout the year to spend crowns on activities and little treats.

The crown shop and the crown activities are relatively expensive. It is important that children learn the value of the crown and that we have to save up to buy nice things in life.

As we develop our Seaton Currency Programme, we hope to add new elements that will keep children engaged and help them to learn new life skills.

Please let us know if you have any ideas about how to develop our currency programme.

FAQs

How Can I Get a Job?
There are two ways to get a job.

1) Jobs will be advertised on the Job Centre notice board near to the school office. Job adverts will contain information about the rate of pay, which member of staff is advertising the job and when the closing date will be. Application forms will be available on the notice board and you should complete one of these before the closing date if you want to apply for the job. Ask an adult, if you need help with this.

2) There will be some low-paid jobs available each day during lunchtime and playtime. You don’t need to apply for these jobs. They will be allocated to whoever gets them first. PSAs will allocate these jobs.

How Can I Attend Seaton University?
University lectures will take place from 8:30 – 9:00am. There will be a sign-up sheet for each lecture and whoever signs up first will get a place at the lecture.

How Can I Start a Business?
To start a business you need to have earned 6 crowns from jobs and 4 crowns from attending university lectures. Once you can prove that you have achieved this, you are asked to write a business plan for your business idea. The Pupil Council will discuss your business plan and decide if you can have a business license. Once you have a business license you are able to set up your business, as long as you follow the license rules

Seaton School Economy
Developing the Young Workforce
Information for Children and Parents

The Story of the Seaton Economy

Two children, who had recently learned to play ‘Cat’s Cradle’ approached their teacher to ask if they could start a business selling tuition and ‘Cat’s Cradles’ to other children. They were asked to produce a business plan, which arrived very promptly on the teacher’s desk the following morning. The plan was a very good one but it posed one problem for the teacher: these young entrepreneurs wanted to be paid in cash!

The teacher did not want to prevent the girls from running their business but it would not be possible to have real cash changing hands in the playground. A plan B was required.

The teacher thought long and hard and remembered a school trip that some former Seaton pupils made to Regensburg in Germany. These children went to visit a play city called ‘Mini-Regensburg’, where the children ran all of the businesses and used their own money called ‘Ratiserl’. The children in the mini city could earn this currency by working in different jobs (some of which were more interesting than others). They could spend their hard-earned money at the different businesses run by children in the mini city.

It was decided that Seaton could have its own currency too. The children of Seaton School would be able to earn their money in lots of different ways and spend it on lots of different things. A bit like real life but with less bills to pay!

The pupil council suggested lots of possible names for the currency and ran a competition to design some bank notes.
The children voted to call the Seaton currency ‘the crown’, with the Pupil Council choosing their favourite note design to be minted.

How Can Children Earn Currency?

House Points

 

Children will earn 5 crowns for every 25 house points that they collect. Each time they complete a house points card (in batches of 25 house points) they will receive 5 crowns in ‘cash’.

 

Jobs

 

Children can apply for jobs that will be overseen by members of staff. Examples of jobs are library display assistant, postie, pencil-sharpener, plant-waterer, etc

 

University

 

Children can earn 2 crowns for attending a Seaton University lecture. These will be held in the mornings before school from 8:30am – 9am. There will be lectures given on a wide range of subjects.

 

Business

 

Children can set up and run their own business that will sell a product or provide a service to others.

 

What Can Children Learn from Participating in the Seaton Economy?

The introduction of the Seaton School currency will give children the opportunity to develop an understanding of the value of money. Children will have risk-free opportunities to handle money and they will be provided with a real purpose for learning to count in multiples of 1s 2s, 3s, 4s, 5s and 10s, that make up the denominations of the banknotes. They will learn how pay using the correct money and how to give change. Some will learn how to budget and save up for a special event or treat.

Through participation in the job application process, children will learn how to complete application forms and what to expect from a job interview.
The competitive nature of the Seaton School job market will teach our children how to sell their skills, qualities and achievements. They will learn that some jobs require qualifications that have to be worked for and they will learn resilience when they find out that sometimes we don’t get offered the job that we wanted.

By participating in a range of jobs, it is hoped that children will learn about the types of roles that they enjoy and perform best in. They will learn new skills and will be supported to be conscientious and hard-working employees.

Those who choose to attend Seaton University will find out about some new subjects that may be of interest to them. They will gain some insight into the different subjects that students study at University. They will learn that higher education is an option available to them after they complete their school education.

The Seaton Economy will form a safe infrastructure where children can develop and experiment with their entrepreneurial skills and ideas. They will learn what works well in business from their successes and mistakes. It is hoped that the experience may give them some confidence to consider developing a real business in their future, should they so wish.