Earning, Spending and Learning: Inside Adena Elementary’s Meyerville Market

Adena Elementary School’s Diane Meyer has made a significant shift in teaching. Now in her 32nd year of education, and 31st at the school, Meyer has moved from math to social studies, bringing a fresh and engaging approach to her classroom. Recognized as Lakota’s Elementary Educator of Excellence in May, Meyer has spent the last 15 years as the “Mayor of Meyer Mathland.” This year, she has embraced a new role as the “Mayor of Meyerville,” teaching social studies for the first time, saying, “I’m up for the challenge.”

Real-World Learning with the Meyerville Market

Meyer’s fifth grade social studies class is not just about history and geography; it’s a dynamic environment where students learn valuable life skills. Through the monthly “Meyerville Market,” students are introduced to economics, personal finance and the concept of needs versus wants.

Payday comes every Monday, with each student earning a $5 salary. They have opportunities to supplement their income by earning more for good behavior and helping out. For instance, students earned an extra $1 for transitioning quietly into another teacher’s classroom. They also face financial responsibilities, such as paying $1 to borrow a pencil or $2 for losing a worksheet.

Once a month, the Meyerville Market opens, allowing students to spend their earnings on perks like chewing gum in class, bringing a snack, wearing a hat or purchasing a homework pass. They can also negotiate for other privileges, bringing their unique ideas to the table.

A “Profitable” Experience

At the first Meyerville Market, students eagerly participated in purchasing

items and negotiating with the mayor, showcasing their understanding of economics and bargaining skills. Jimmy O’Connor was the first in line, wanting to be the teacher for the day. Meyer countered with an offer to be the teacher's assistant for $15, to which Jimmy agreed, saying, “I thought it would be fun to be the teacher. I think I got a good deal,” having earned $23 by paying attention in class and not talking out of turn. 

Oliver Reyes began his discussions with Meyer noting a problem and solution. After sharing that he felt the room was sometimes too warm, his solution was to negotiate having the classroom fan on more. In the end, Oliver paid $15 to have his desk moved closer to a fan, sharing, “I think it’s fun. Some kids want toys and they earn money to get them.” 

Not everyone headed straight to negotiations. Sam Knappmiller spent $20 on a fidget spinner that was for sale, explaining, “It’s the first month and why not start big? I love the market. It’s fun. It’s basically practice for when I’m older and earning money.” 

Addy Thompson paid $15 to read with a third grader, excitedly saying, “I like reading with other people and I want to become a teacher one day.”

Others are holding their money a bit tighter. Khaleesi Piazza Leon bought a candy ring for $5 and plans to save her remaining $22, noting, “In the future, I can buy something I really want. My parents have taught me about money and that I should save it and invest in the future.” 

The success of the Meyerville Market highlights the impact of Diane Meyer’s teaching methods. By combining financial literacy with interactive learning, she has created a classroom environment at Adena that is both educational and fun, ensuring her students are ready for the real world.