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December 3rd, 2008 (Modified on March 6th, 2009)

Budget Cuts Lead to Creative Advertising

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A California high school teacher has thought up a genuinely creative way to raise money when he learned he and his fellow teachers’ printing budget had been cut from $500 to $316 a year. Calculus teacher Tom Fraber decided to sell ads at the bottom of his tests and quizzes:

So Farber, who says he’d never asked for money from parents in his 18 years of high school teaching, pitched the ad idea to parents at a September back-to-school night. For checks made to the math department — $10 a quiz, $20 a test or $30 for a final exam — they could insert an inspirational quote — their own or someone else’s — or a business advertisement at the bottom of the first page.

His idea turned into a hit (teachers take note):

Farber said orders took off after recent media reports. He’s collected more than $300, and he believes he’ll top $1,000, with some ad buyers paying more than required. All amounts beyond his shortfall will cover colleagues’ printing costs, he said.

During these tough economic times, Fraber was forced to do what he had to do to make sure his students didn’t suffer from the budget cuts. Fraber makes a good point: shouldn’t it be the government’s responsibility to make sure these drastic measure aren’t necessary?:

“What I’m doing now is … dealing with the economic situation and making sure kids get what they need,” Farber said. “Teachers shouldn’t have to scrounge for funding. To me, this is what our government is for, to provide necessities, and that’s why we pay taxes.”

Don’t be surprised if this topic turns up on our friend Rebecca Wilder’s News N Economics blog. About once a week Wilder posts a series of unique stories in which she gives her own take titled My Faves for the Day. This one is too good, and too creative to pass up.

Readers: What measures have you taken (drastic or not) in recent months to ensure the economy doesn’t negatively influence your quality of life?

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2 Responses to “Budget Cuts Lead to Creative Advertising”

  1. seamus Says: December 3rd, 2008 at 10:50 pm

    As a teacher, I find this guy taking the low road. He doesn’t have a projector in class? An ELMO??? or he cannot write on the board? All can be used to present a quiz or test to the students, and have them use their notebook paper to submit their responses. Selling advertising??? Let’s not go there.

  2. Tim Manni Says: December 4th, 2008 at 2:32 pm

    Seamus,

    Thanks for checking out our blog and leaving a comment. We were hoping to get response’s from some teachers…

    So you don’t think this strategy could be at all beneficial for schools to raise money who are struggling with budget cuts?

    One of the major controversies here is ads could start to appear that may not be good for the kids, i.e. McDonalds, or coke.

    It does seem like his venture required a lot of extra effort.

    Thanks again for your comment, and suggestions,

    Tim (HSH)

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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