Every Monday, I give my students ten of these tickets (I usually order them from Oriental Trading, but have also seen them at Wal-mart and Target):
(image from Google)
At the end of the 9 weeks, the students turn in their tickets for play money and we hold a classroom auction.
The students bring in garage-sale-type items from home (they are NOT to go out and buy anything) and bid on them using "money" they have earned. Whatever money they don't spend, I add onto the next 9 weeks' auction. For example, one child was absent on the day we did our first 9 weeks' auction, so she had over $100.00 to spend in addition to the money she earned this 9 weeks.
With this system, the students also have the opportunity to earn more money. If they get a compliment from another teacher, are caught doing something kind for others, etc., I may offer a couple of extra dollars. The students are not allowed to ask for money; extra tickets are given at the teacher's discretion.
The second 9 weeks' auction is the most anticipated because students want to buy presents for their family members. I encourage them to bring in items for all ages. Here are a few items from last week's auction:
And in case you're wondering, I've perfected my auctioneer chant! "Next item up for bid--a cute little stuffed monkey! Would be a great toy for you or a gift for a younger sibling. Raise your hand to bid...and here we go...1,2,3,4,5,6,7,8,9,10? Can I hear 12? 15? SOLD! For $15 to Johnny!" Even though I'm not as fast as actual auctioneers, I can spit out my numbers pretty quickly!
While I am the auctioneer, I assign one child to be the "banker." This child gets to sit at my desk in my fancy swivel chair, collect money, and give change. Boy, is this a special job! Those 5th graders covet this position. After all, only 4 kids out of the whole class get to do this since there are only 4 nine weeks. I choose students randomly by pulling their number out of a hat, basically, and no student is allowed to have this position twice.
This system works great for me. Instead of getting mad or frustrated about a child's behavior, I simply say, "That's inappropriate and it will cost you $2.00." If they give me attitude (which rarely happens), I up the ante and require more money from them. They are the ones losing and they realize this. They like to keep as much money/tickets as they can!
I know this system may not work for every teacher, as some may teach in low socioeconomic areas and the students may be unable to bring items in from home. I just wanted to share an idea that has worked for me. My students and I love the ticket/auction system!