First, make a list of the privileges your child has. TV, video games, phone time, after school ice cream, extra play time, or spending a night at a friend's house are all good candidates for the token economy. Next, rate these in order of importance to your child. Make a point value from one to ten next to each privilege. There can be several of one point value, for instance, TV and Video Games could both be a number 8. Make sure to include lots of different options, and be creative and include several your children might like, such as a trip to the zoo, or local amusement park. Since the focus of this program is on the positive, the sky is the limit for possibilities. Of course, a trip to grandma's in Florida may be 10,000 points, but the airlines include lavish point choices in their frequent flyer programs, so why can't you? If you have the financial means, plan a trip to a different city or state and assign it a point value.
You should now have lots of low point values, and a couple of large point values. Now assign a currency. You can use poker chips, game tokens, or monopoly money, anything with limited circulation around the house. Assign a point value to each item of currency, keeping in mind the point values you assigned a moment ago to each privilege. You may need to re-score a few privileges, but that is ok. Increments of 5 worked for us, because we used poker chips that weren't marked, and I decided 5 was an easy multiple.
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