Welcome to Banqer! It's really exciting that you've taken the plunge by creating your account. So what now?

Good question, there is a lot to be explored in Banqer but it's important that you take your time and don't rush your students through things. A lot of the knowledge that is about to be created will take a while to sink in, so the idea is that you work your students through Banqer progressively.

Starting out with banking basics. 

What I mean by this is for you and your students to simply start off with just the transactional aspect of Banqer. I've got a full checklist in a getting started resource I made, but here's some short advice:

  • Think of three classroom expenses. I use wifi, desk rent, and electricity. Now get your students to set up three automatic payments to you for these weekly expenses. Agree on a day of the week it needs to be paid and the amount as well. Take this moment to also talk about what a meaningful transaction reference is. Great, your students now know how to make a transaction in Banqer!
  • Since you're charging your students money already there needs to be some cash flowing into your new classroom economy. I recommend just starting out with 'Basic income'. If you click on 'Income & Careers' module in the left hand sidebar, you'll see Basic income. Click on it. You'll want to enable the module and decide on a weekly rate to pay your students. I consider this an attendance fee for my students. It's enough to cover basic expenses but your students will eventually earn more money in other ways. Feel free to involve your students in the conversation of what is a fair rate.
  • Lastly, I like to set some class rules. You can find a really good resource on how to do this in the Resource Hub. But in summary your class Banqer rules should outline expectation of students and an outline of how the economy works. These can evolve over time as you dive deeper into Banqer but it's important to create a solid foundation from day one.

I hope this is helpful, and if you have any questions feel free to just get in touch with me. I teach during the day here in NZ, but will do my best to get back to you that same day.

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