"I wish it were possible to (amend our) constitution with... an additional article taking from the federal government the power of borrowing." - Thomas Jefferson
logo

Go Back   Saving Advice > Financial Chit Chat > General Discussion

General Discussion Please read our Forum Rules before posting
Feel free to talk about anything and everything about money.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 11-30-2011, 11:27 PM
questions questions is offline
$ Saving HS Sophomore
 
Join Date: Aug 2005
Posts: 154
Points: 5083.20
Donate
Default Should I pay my kids for getting good grades?

I would like your opinion on whether or not it is a good idea to pay kids for getting good grades? What are the pros and cons? Do most parents pay their kids and if so, is this good? My kids are still young, but I will have to make this decision soon and I want to do what is best for them and their education. To pay or not to pay?
__________________
Questions sent to SavingAdvice admins - We will refer the person to this thread for more opinions and information
Reply With Quote
  #2 (permalink)  
Old 11-30-2011, 11:34 PM
jteezie jteezie is offline
$ Saving HS Sophomore
 
Join Date: Feb 2011
Posts: 191
Points: 1140.00
Donate
Default

It depends how you frame it.

The more important thing is to reward them with recognition and tell them that they "did a good job because they tried and worked very hard." Reward effort. As long as you weave the money into that message, I think you can also teach good financial management skills.

I wouldn't make a payout chart and explain it like "if you get an A (produce widgets), I pay you (for your labor)".
Reply With Quote
  #3 (permalink)  
Old 12-01-2011, 01:33 AM
Shewillbemine Shewillbemine is offline
$ Saving HS Freshman
 
Join Date: May 2009
Posts: 137
Points: 730.00
Donate
Default

When I got good grades in school, my reward was a bottle of ice cold Coca Cola (and I loved it each time).

The danger you run into for assigning monetary rewards to academic success is that many kids eventually lose sight of why getting good grades is beneficial to them, without the money. Be prepared to run into the question "Why should I get good grades then" if/when you stop giving out money.
Reply With Quote
  #4 (permalink)  
Old 12-01-2011, 04:44 AM
bjl584's Avatar
bjl584 bjl584 is offline
$ Saving Post Graduate
 
Join Date: Sep 2006
Location: Pittsburgh, PA
Posts: 2,544
Points: 15492.20
Donate
Default

When I was in school and god good grades on my report cards, my Mom took me to the mall and let me pick something out for a certain dollar amount. I think it was around $25. I usually picked out a video game. Did it motivate me? Not sure. I always did well in school, so I don't think it really mattered. But it was a nice treat for working hard all those months.
__________________
MODERATOR

Brian
Reply With Quote
  #5 (permalink)  
Old 12-01-2011, 06:13 AM
Joan.of.the.Arch Joan.of.the.Arch is offline
$ Saving Post Graduate
 
Join Date: Apr 2006
Posts: 2,878
Last Blog Entry: Wedding shower question
Points: 24665.20
Donate
Default

In our house, it was all about the joy of accomplishment and learning. That doesn't not necessarily even align with the best grades. So, no. No money rewards were necessary.

I will say that my husband gave our son money for every book he read once he was reading substantial books. It did not really seem to be an incentive; our kid read anyway. I think my husband was just fondly re-creating what his own father had done. To me it was a bit odd in part because that reward system failed to remunerate the reading of magazines and online which were also important sources.

There are all kinds of valuable learning and performance aside from that in school, and those don't get recognized with cash. In fact, sometimes we, or even or our kids pay for them, e.g. a trip to the science exploration center, a visit to a nature center, a private basketball coaching session, a magazine subscription.

I fear part of the message of paying for grades is that school performance is so unpleasant or so unlike anything else in a child's life that one should expect to get paid to do it. I'd just prefer to frame the whole thing differently.
__________________
"There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid

http://kiva.org/invitedby/margaret2299 My octogenarian mother invites you to join her in making international micro-loans to alleviate poverty. It's cool!
Reply With Quote
  #6 (permalink)  
Old 12-01-2011, 06:57 AM
dojo's Avatar
dojo dojo is offline
$ Saving Fifth Grader
 
Join Date: Nov 2011
Location: Timisoara, Romania
Posts: 40
Points: 230.00
Donate
Default

I'd teach my kids that learning is the way to accomplish stuff and have a chance to a good job or their own business. I wouldn't pay my kids for good grades, they need to learn it's important for their entire education.
__________________
Read my blog
Reply With Quote
  #7 (permalink)  
Old 12-01-2011, 06:59 AM
seen seen is offline
$ Saving Jr. High Schooler
 
Join Date: Jul 2009
Posts: 79
Points: 3470.00
Donate
Default

Quote:
Originally Posted by Shewillbemine View Post
The danger you run into for assigning monetary rewards to academic success is that many kids eventually lose sight of why getting good grades is beneficial to them, without the money. Be prepared to run into the question "Why should I get good grades then" if/when you stop giving out money.
This.
I grew up in a household where I received money for getting good grades. Although I got into a good university I messed up my first year. I mean it was a big change so I partied a lot too, but thinking back on it now in reference to Shewillbemine it's true the 'incentive' wasn't there.

I eventually corrected myself after that, but it wasn't easy.
Reply With Quote
  #8 (permalink)  
Old 12-01-2011, 09:54 AM
Nobulladvisor Nobulladvisor is offline
$ Saving Fifth Grader
 
Join Date: Oct 2011
Location: Florida
Posts: 38
Points: 230.00
Donate
Default

Any incentive for good behavior is good. It will build a habit of good behavior. Its like teaching a dog how to sit. After a while of giving treats, the dog will sit without a treat and won't complain.

The money has to symbolize the importance of education. The kids need to know the education is important and if they get a good education they will end up with a good career or owning their own business.

In addition it will teach how to manage money at a young age. If we all had that education this economic downturn wouldn't be as bad.
Reply With Quote
  #9 (permalink)  
Old 12-01-2011, 10:16 AM
momcents momcents is offline
$ Saving Fourth Grader
 
Join Date: Jun 2008
Posts: 23
Last Blog Entry: New spending period starts today
Points: 145.00
Donate
Default

This would never work at my house. With five children, two of whom have learning challenges and struggle to earn a C, our mantra is simply: Do your best. We always go on an outing for ice cream on report card day to celebrate everyone's success.
Reply With Quote
  #10 (permalink)  
Old 12-01-2011, 10:30 AM
elessar78 elessar78 is offline
$ Saving College Freshman
 
Join Date: Jul 2009
Posts: 576
Points: 3265.00
Donate
Default

Freakonomics actually did a report on this, it's in the book I believe. University of Chicago did a study and they paid kids to get good grades. And it actually had a positive effect on grades.

But the thing is grades don't measure how much you've learned. We all know people who took 2 years of French in high school and got good grades but can't speak a lick of French even a year or two out. Grades does not equal learning. Foreign languages are tangible but I'm sure it would apply to math/calculus, english, science.
Reply With Quote
  #11 (permalink)  
Old 12-01-2011, 11:16 AM
artwest artwest is offline
$ Saving HS Sophomore
 
Join Date: Aug 2011
Posts: 176
Points: 920.00
Donate
Default

We didn't get rewarded for good grades but if our grades were bad (D+ or below) we would be in trouble.
__________________
Please check out my articles at:
http://artwest.hubpages.com/
Reply With Quote
  #12 (permalink)  
Old 12-01-2011, 11:27 AM
graceful graceful is offline
$ Saving HS Junior
 
Join Date: Jun 2009
Posts: 219
Points: 1205.00
Donate
Default

Quote:
Originally Posted by artwest View Post
We didn't get rewarded for good grades but if our grades were bad (D+ or below) we would be in trouble.
LOL.
Reply With Quote
  #13 (permalink)  
Old 12-01-2011, 10:22 PM
skt1234 skt1234 is offline
$ Saving Kindergartener
 
Join Date: Dec 2011
Posts: 2
Points: 35.00
Donate
Default

In my opinion it is not good to pay cash to your children but give some gift and appreciate their hard work they feel very happy.
Reply With Quote
  #14 (permalink)  
Old 12-02-2011, 01:55 AM
Shewillbemine Shewillbemine is offline
$ Saving HS Freshman
 
Join Date: May 2009
Posts: 137
Points: 730.00
Donate
Default

Quote:
Originally Posted by Nobulladvisor View Post
Any incentive for good behavior is good. It will build a habit of good behavior. Its like teaching a dog how to sit. After a while of giving treats, the dog will sit without a treat and won't complain.

The money has to symbolize the importance of education. The kids need to know the education is important and if they get a good education they will end up with a good career or owning their own business.

In addition it will teach how to manage money at a young age. If we all had that education this economic downturn wouldn't be as bad.
I'm not too sure Pavlovian responses and clicker training apply to children/teenagers who can talk back, rationalize and basically aren't dogs. This perspective seems a little simplistic and tunnel vision imo.
Reply With Quote
  #15 (permalink)  
Old 12-02-2011, 12:44 PM
snafu snafu is offline
$ Saving College Senior
 
Join Date: Nov 2006
Location: W. Canada
Posts: 1,566
Points: 8385.00
Donate
Default

DH's thesis was Job Satisfaction; he set out to discover the most important incentives for employee productivity. Can you imagine how surprised he was to discover after tabulating all the data from thousands of questionnaires that it was NOT pay raises as he expected but praise and recognition from respected bosses.

Your children need to know their goal; the standard you set has to be realistic and do-able. Money can be part of the reward but I believe you will find most important is the gift of your time, one-on-one with each child. You could take them to an event that reflects their special interest plus a ton of praise that sounds sincere when they exceed baseline. We always made it a point to tell the grandparents so children heard how delighted we were with a specific accomplishment.

There is also a need to make it clear to DKs that there are consequences when they fail to meet their baseline. I don't think parents always follow through which can result in losing their DKs respect. My dad had us re-write any test or school project we mucked up and we got a day or two of drills to make sure we got the principle being taught. I think parents need to be actively involved in their child's learning.
Reply With Quote
  #16 (permalink)  
Old 12-03-2011, 08:18 PM
Team Syntek's Avatar
Team Syntek Team Syntek is offline
$ Saving Fourth Grader
 
Join Date: Dec 2011
Posts: 33
Points: 200.00
Donate
Default

worked great for me and kept me motivated!
Reply With Quote
  #17 (permalink)  
Old 12-03-2011, 08:22 PM
jadet's Avatar
jadet jadet is offline
$ Saving Sixth Grader
 
Join Date: Nov 2011
Posts: 53
Points: 305.00
Donate
Default

It really depends on the type of kids you have. I know for me when I was younger it would not have worked for me. My parents had the it's normal to get good grades mentality stamped in my head.
__________________
ItsTheInsurance
Car Insurance Blog
Reply With Quote
  #18 (permalink)  
Old 12-05-2011, 04:25 PM
ProjectX ProjectX is offline
$ Saving Fourth Grader
 
Join Date: Dec 2011
Posts: 21
Points: 140.00
Donate
Default

IMO its very important to teach kids how to set goals and reach those goals. In the real world if you got a D you wouldn't get ice cream. I think its good to give kids money and teach them about savings and how interest works if they save their money.

We are now seeing the first generation of the kids that have recently graduated that think the world owes them. Things should be handed to them because they deserve it. Parents of this generation have really sheltered their kids from the real world.

they don't know have to handle disappointment or failure.
Reply With Quote
  #19 (permalink)  
Old 12-05-2011, 05:44 PM
jteezie jteezie is offline
$ Saving HS Sophomore
 
Join Date: Feb 2011
Posts: 191
Points: 1140.00
Donate
Default

The Freakanomics movie did a study on how money incentives boost grades.

They picked a class of 9th graders and followed 2 of them in more detail. All the students were told that they would be paid $50 each quarter if they kept at least a C average grade in all classes. With great fanfare, at each payout period, they also had a drawing of all qualified students. The winner got a big check for $500 and a hummer limo for the day. Doing well was sensationalized.

Overall they saw a 7-9% average increase in grades across the cohort. However, money may not have been the only incentive. They followed 2 boys. 1 boy was a total skater, class clown. He liked the idea as did his mother who offered to double the payout. The kid tried for 1 quarter, boosting 1 grade, but then decided that being a class clown and "cool" was more important than getting good grades.

The other boy was enchanted by the limo and set it as his highest goal to achieve the grades to qualify for the raffle. First check in, his grades raised, but he was short, but he was not discouraged. He finally boosted his grades and won the raffle.

Incentives matter, but you have to know what incentivizes your child and how frame the reward properly.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.