PayGrade is an online virtual bank and investment simulation used by thousands of schools around the world to teach students all about money.
On PayGrade, students experience real world money situations and navigate the ins and outs of everything related to personal finance like saving, budgeting, paying bills, earning income, investing and more. Learn More
We live in a complicated financial system that is full of financial opportunity as well as financial traps, scams, and daily temptations to spend money. At PayGrade, we don’t just teach the basic money management skills in a day, we create an immersive experience for students to dive deep into their own money habits and grow into responsible, educated consumers.
In Elementary and Middle Schools, teachers use our platform to create Classroom Economies, where students are assigned jobs to help run the classroom and they are paid for their work. Additionally, teachers assign bills, hand out citations for off task behavior, reward students for going above and beyond, and allow students to experience basic money situations like buying vs renting their desks.
In High School and beyond, teachers use our platform to introduce their students to real world job applications, writing resumes, managing credit, and investing in various financial instruments. PayGrade allows students to virtually trade over 3,300 stocks, 500 of the most popular cryptocurrencies, as well as foreign currencies – all with real time market data.
PayGrade – Transforming classrooms into economies.
Default classroom settings will appear with your grade level. You have full flexibility to add, modify, or delete existing classroom functionality.
Reinforcing Positive Behavior
Teachers can incentivize students to display positive behaviors in the classroom through bonuses and discourage negative behaviors through fines.
Develop Well-Rounded Money Traits
Students learn to manage their own virtual world of finance and begin developing a money personality. Do I have money FOMO? Do I budget and save? Do I have a balance of money traits?
The skills learned in PayGrade will help students make thoughtful financial decisions and prepare them to enter the real world. Students learn how to pay bills on time, invest and diversify, and be cautious of financial traps and scams.
PayGrade is a great program that at its core teaches students money management lessons, but can be used for much more than that. In fact, even though I'm teaching computer science this year I plan to try using PayGrade in one of my classes
Similar to ClassDojo, PayGrade is a classroom management solution. However, instead of goofy monsters and imaginary points, PayGrade puts the world of finance into the hands of students - allowing them to experience everything related to money before entering the real world.
I enjoy using PayGrade because it teaches us to save our money for the future if you want to buy something. For example, we have different things that we have to pay for like popcorn but if you don't have any money you don't get it. It also helps us get ready for when we are older and when we have bills to pay and we don't go all willy-nilly with your money.
- James, Student
I love PayGrade because it helps me learn how to save money and how to be responsible with my money. This is actually really helping me save money in real life because before I started using PayGrade, I used to waste all of my money as soon as I got it but now I save it.
- Ruby, Student
I love PayGrade because I get to learn what it’s like to pay bills and what it’s like to own a house and car. We also have auctions and we have to decide whether we want to save our money for later or if we want to spent it on something. You get to have jobs so you can get money and spend money. This has also taught me the importance of how to use my money for more important things and to save my money that way I can have money for auction. Basically, you get "rewarded" for all your hard work.
- Vanessa, Student
I really love PayGrade because it shows you how to get ready for the real world with showing you how to withdraw money and deposit money to show you what you are going to do in the future. Also, I love it because I shows you how to save up money to be able to spend it in auction.
- Jayla, Student