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Behavior incentives lead to money management at Stonestreet Elementary

Published: Sep. 27, 2016 at 5:44 PM EDT|Updated: Sep. 27, 2016 at 10:28 PM EDT
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Rosa Phillips Stonestreet Elementary School has its own version of a Kroger Store inside the...
Rosa Phillips Stonestreet Elementary School has its own version of a Kroger Store inside the school. (Source: WAVE 3 News/ Kayla Vanover)
Students can purchase various items inside the Kroger Store inside Rosa Phillips Stonestreet...
Students can purchase various items inside the Kroger Store inside Rosa Phillips Stonestreet Elementary School. (Source: WAVE 3 News/ Kayla Vanover)

LOUISVILLE, KY (WAVE) - Real world, economic lessons are happening in classrooms in southwest Louisville.

Rosa Phillips Stonestreet Elementary School located at 10007 Stonestreet Road, is partnering with Kroger to teach students money management and how to earn it.

A Kroger Store is inside of the elementary school, along with a basic concept that great effort and great behavior can lead to "Kroger Money". Students are awarded "dollars" each day for different successes. The students can take their "Kroger Money" and shop for whatever they want in the school-based Kroger Store.

The store is stocked by money garnered from the Kroger Community Rewards program. Kroger cards that are linked to Stonestreet Elementary will earn the school points every time they're used. They money goes straight back to the school to restock the shelves. There is no profit made by the school.

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The items available for purchase range from 20 cents to $5, such as food, drinks, school supplies, toiletries, cat and dog food or toys. Students save their money each day and shop once per month.

The teachers are telling the kids if you need pencils, if you need notebooks, instead of your parents buying it for you, you can buy that here with your own money and then spend the extra money on the frivolous things you want," Assistant Principal Sean Russell explained. "So, they're able to have nice conversations about what is important to spend your money on and what is the extra fun stuff to spend your money."

WATCH: Kayla Vanover's report

"I got what I needed, then I got what I wanted," student Brayden Lueke said. "I bought mechanical pencils and some doggy treats," he added.

The school's Kroger Store depends on help from the community while they're grocery shopping. To link your Kroger card to Stonestreet Elementary, call the school 502-485-8333 or visit any Kroger store.

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