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	<title>Comments on: Should You Pay Your Kids for Good Grades?</title>
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	<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/</link>
	<description>personal finance tips, tricks, and commentary</description>
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		<title>By: firstace</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-267722</link>
		<dc:creator>firstace</dc:creator>
		<pubDate>Fri, 27 Jan 2012 02:30:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-267722</guid>
		<description>Aside from the difference in opinions on whether a child needs money for achievement, i.e., a good grade, versus learning self-motivation and personal satisfaction of job done well, my concern is when there are several siblings and each has varying degrees of learning skills and exhibit displeasure if not treated equally.  So, one makes the honor roll with little effort, the other brings in lower grades but tries, the youngest gets a &quot;red&quot; card for behavior...  you get the picture; who&#039;s going to be smiling when the money is passed out, and who is going to be sulking in their rooms is this really what we want?</description>
		<content:encoded><![CDATA[<p>Aside from the difference in opinions on whether a child needs money for achievement, i.e., a good grade, versus learning self-motivation and personal satisfaction of job done well, my concern is when there are several siblings and each has varying degrees of learning skills and exhibit displeasure if not treated equally.  So, one makes the honor roll with little effort, the other brings in lower grades but tries, the youngest gets a &#8220;red&#8221; card for behavior&#8230;  you get the picture; who&#8217;s going to be smiling when the money is passed out, and who is going to be sulking in their rooms is this really what we want?</p>
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		<title>By: shawty</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-265342</link>
		<dc:creator>shawty</dc:creator>
		<pubDate>Wed, 11 Jan 2012 21:46:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-265342</guid>
		<description>the only thing that perents want from you is to do good in life and in school so yee you dont need money when ever you have good grades you dont even need the money soo why qit the money if your perents can use it for some usfull insted of you that you dont even now what to spend it on</description>
		<content:encoded><![CDATA[<p>the only thing that perents want from you is to do good in life and in school so yee you dont need money when ever you have good grades you dont even need the money soo why qit the money if your perents can use it for some usfull insted of you that you dont even now what to spend it on</p>
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		<title>By: kjkjkkj</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-230432</link>
		<dc:creator>kjkjkkj</dc:creator>
		<pubDate>Mon, 13 Jun 2011 16:07:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-230432</guid>
		<description>I&#039;m 13 years old, and I just finished 7th grade. I keep a constant 4.0 GPA, or higher, (the highest is 4.3, and for 4th quarter I got like a 4.25) and my parents don&#039;t pay me for anything that is a A- or lower. They pay me if I get an A or an A+, which would be anywhere from a 93% to 100% (or higher, as I did have in one class)I think this is a great system. I don&#039;t get allowance, and they never give me extra money. My only income in from Christmas, and my birthday. The 20$ or so I make off a report card really help me out. I think that it all depends on how a child lives for how they get payed. If they have one of the children who gets whatever they want, whenever, and can get money from their parents just by asking, I don&#039;t think they should be given money. Oh, also, I don&#039;t get an allowance, but I do chores, I feed both our cat and our dog, take my dog for walks, clean both of their...waste, Unload/Load our dishwasher, clean the windows, take out the trash, keep my room spotless, and much more.</description>
		<content:encoded><![CDATA[<p>I&#8217;m 13 years old, and I just finished 7th grade. I keep a constant 4.0 GPA, or higher, (the highest is 4.3, and for 4th quarter I got like a 4.25) and my parents don&#8217;t pay me for anything that is a A- or lower. They pay me if I get an A or an A+, which would be anywhere from a 93% to 100% (or higher, as I did have in one class)I think this is a great system. I don&#8217;t get allowance, and they never give me extra money. My only income in from Christmas, and my birthday. The 20$ or so I make off a report card really help me out. I think that it all depends on how a child lives for how they get payed. If they have one of the children who gets whatever they want, whenever, and can get money from their parents just by asking, I don&#8217;t think they should be given money. Oh, also, I don&#8217;t get an allowance, but I do chores, I feed both our cat and our dog, take my dog for walks, clean both of their&#8230;waste, Unload/Load our dishwasher, clean the windows, take out the trash, keep my room spotless, and much more.</p>
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		<title>By: yusuf abudiab</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-228112</link>
		<dc:creator>yusuf abudiab</dc:creator>
		<pubDate>Sun, 29 May 2011 18:48:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-228112</guid>
		<description>sure the money is nice but shouldnt it be going to other educational programs and the school will eventually be poor. but i still think we should get money for good grades</description>
		<content:encoded><![CDATA[<p>sure the money is nice but shouldnt it be going to other educational programs and the school will eventually be poor. but i still think we should get money for good grades</p>
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		<title>By: CS</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-226012</link>
		<dc:creator>CS</dc:creator>
		<pubDate>Thu, 12 May 2011 07:19:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-226012</guid>
		<description>I think if we raise our kids with the mentality that they need a monetary reward all the time, they might begin to have a &quot;what&#039;s in it for me&quot; type of attitude.  While it&#039;s good for them to be rewarded and understand that hard work can pay off, it&#039;s also a good idea to teach kids that there are jobs in this world that you have to do that do not offer any monetary rewards, but the reward is in the joy of doing - being a parent, a SAHM, doing an internship, doing voluntary or charity work.  My kids don&#039;t get paid for grades, but they bring home good grades anyway, because they want to do well.  They don&#039;t get paid for cleaning their rooms or picking up their toys, but they do get paid for doing extra around the house and helping mom and dad do their work (help mom with filing, help dad with organizing tools, etc).  Both my kids know the value of working hard to earn money as well as doing a good job whether you get paid or not.</description>
		<content:encoded><![CDATA[<p>I think if we raise our kids with the mentality that they need a monetary reward all the time, they might begin to have a &#8220;what&#8217;s in it for me&#8221; type of attitude.  While it&#8217;s good for them to be rewarded and understand that hard work can pay off, it&#8217;s also a good idea to teach kids that there are jobs in this world that you have to do that do not offer any monetary rewards, but the reward is in the joy of doing &#8211; being a parent, a SAHM, doing an internship, doing voluntary or charity work.  My kids don&#8217;t get paid for grades, but they bring home good grades anyway, because they want to do well.  They don&#8217;t get paid for cleaning their rooms or picking up their toys, but they do get paid for doing extra around the house and helping mom and dad do their work (help mom with filing, help dad with organizing tools, etc).  Both my kids know the value of working hard to earn money as well as doing a good job whether you get paid or not.</p>
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		<title>By: sc</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-220022</link>
		<dc:creator>sc</dc:creator>
		<pubDate>Wed, 13 Apr 2011 00:13:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-220022</guid>
		<description>It&#039;s sad that people feel that they NEED money. Is money really all that life is about? Why do people take advantage of their parents so that they give them money? It&#039;s pitiful.</description>
		<content:encoded><![CDATA[<p>It&#8217;s sad that people feel that they NEED money. Is money really all that life is about? Why do people take advantage of their parents so that they give them money? It&#8217;s pitiful.</p>
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		<title>By: Matt Jabs</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-207992</link>
		<dc:creator>Matt Jabs</dc:creator>
		<pubDate>Thu, 03 Feb 2011 22:25:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-207992</guid>
		<description>@Dallas: If you need money for things you &lt;strong&gt;want&lt;/strong&gt; you can get a job.  If it is for things you &lt;strong&gt;need&lt;/strong&gt; then I&#039;m sure your parents would oblige.</description>
		<content:encoded><![CDATA[<p>@Dallas: If you need money for things you <strong>want</strong> you can get a job.  If it is for things you <strong>need</strong> then I&#8217;m sure your parents would oblige.</p>
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		<title>By: Dallas</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-207972</link>
		<dc:creator>Dallas</dc:creator>
		<pubDate>Thu, 03 Feb 2011 21:48:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-207972</guid>
		<description>We kids should be paid for good grades because we need the money for things we want. Im at school</description>
		<content:encoded><![CDATA[<p>We kids should be paid for good grades because we need the money for things we want. Im at school</p>
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		<title>By: Madi</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-192322</link>
		<dc:creator>Madi</dc:creator>
		<pubDate>Sun, 21 Nov 2010 22:29:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-192322</guid>
		<description>hey im 12 and i dont get rewarded i should be dont u think well i go ice skatin every week and my mom gives me some extra money for food but i just keep it for me well overall i of corse agree that we should get money for good grades
peace madi out
xoxo
luv madi</description>
		<content:encoded><![CDATA[<p>hey im 12 and i dont get rewarded i should be dont u think well i go ice skatin every week and my mom gives me some extra money for food but i just keep it for me well overall i of corse agree that we should get money for good grades<br />
peace madi out<br />
xoxo<br />
luv madi</p>
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		<title>By: Edumacated</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-173091</link>
		<dc:creator>Edumacated</dc:creator>
		<pubDate>Thu, 12 Aug 2010 22:55:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-173091</guid>
		<description>Of course kids should be paid for good grades. Isn&#039;t that what happens anyway? #1 Go to college to be PAID. Better GPA and furthering degrees = PAID MORE!!!!!! #2 Drop out of school....... not so much.
What do you want for your kids? I say PAID. Knowing early how to make money off education is a HUGE bonus.
I wish I were paid as a kid. It would have promoted even better grades and more college opportunities. Not like you pay for anything C or below.</description>
		<content:encoded><![CDATA[<p>Of course kids should be paid for good grades. Isn&#8217;t that what happens anyway? #1 Go to college to be PAID. Better GPA and furthering degrees = PAID MORE!!!!!! #2 Drop out of school&#8230;&#8230;. not so much.<br />
What do you want for your kids? I say PAID. Knowing early how to make money off education is a HUGE bonus.<br />
I wish I were paid as a kid. It would have promoted even better grades and more college opportunities. Not like you pay for anything C or below.</p>
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		<title>By: Ben</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-167901</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Wed, 14 Jul 2010 18:08:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-167901</guid>
		<description>I am only 21 and from a &quot;kids&quot; perspective I absolutely wish I could have had the option to be paid to go to school. Instead I had to work to pay for my insurance, any book damages even to go to the movies. 

So essentially this tiny parenting mistake has drastically altered my life. I couldn&#039;t play sports, which changed who I hung out with. I had a very sheltered social life because I was always working. 

It was stated that this is something they should do so they shouldn&#039;t be rewarded for it. I&#039;d like to change your perspective, when you are at work... your duties are something you should do. Going to school is the real world, I would like to see life in general be operated as a corporation. Your kids stay home sick, they don&#039;t get paid, that is real world. On the same note teach them about taxes. Who knows you might raise the next bill gates. 

If your kids get all A&#039;s at the end of the school year they get a bonus. This will also help teach savings because in the summer when they are &quot;off&quot; they keep their childhood and can do whatever they want. 

Think of a video game, if you play it every day.. (as some people do) you&#039;ll eventually get good at it, if you continue doing it you might be the best at it. 

If you start at an early age doing things to be rewarded(lets face it, life is about money) think about how well they will do in the long run. They have 12 years of having &quot;do good in school&quot; pounded into them. When they go to college they&#039;ll have the same mentality. When they get into the work will do great. 

If they have to work while going to school, thats like two jobs...

Im just saying I&#039;m struggling in school right now because I have to focus on paying the bills and I have traced my problems to this situation (this has been my whole life)</description>
		<content:encoded><![CDATA[<p>I am only 21 and from a &#8220;kids&#8221; perspective I absolutely wish I could have had the option to be paid to go to school. Instead I had to work to pay for my insurance, any book damages even to go to the movies. </p>
<p>So essentially this tiny parenting mistake has drastically altered my life. I couldn&#8217;t play sports, which changed who I hung out with. I had a very sheltered social life because I was always working. </p>
<p>It was stated that this is something they should do so they shouldn&#8217;t be rewarded for it. I&#8217;d like to change your perspective, when you are at work&#8230; your duties are something you should do. Going to school is the real world, I would like to see life in general be operated as a corporation. Your kids stay home sick, they don&#8217;t get paid, that is real world. On the same note teach them about taxes. Who knows you might raise the next bill gates. </p>
<p>If your kids get all A&#8217;s at the end of the school year they get a bonus. This will also help teach savings because in the summer when they are &#8220;off&#8221; they keep their childhood and can do whatever they want. </p>
<p>Think of a video game, if you play it every day.. (as some people do) you&#8217;ll eventually get good at it, if you continue doing it you might be the best at it. </p>
<p>If you start at an early age doing things to be rewarded(lets face it, life is about money) think about how well they will do in the long run. They have 12 years of having &#8220;do good in school&#8221; pounded into them. When they go to college they&#8217;ll have the same mentality. When they get into the work will do great. </p>
<p>If they have to work while going to school, thats like two jobs&#8230;</p>
<p>Im just saying I&#8217;m struggling in school right now because I have to focus on paying the bills and I have traced my problems to this situation (this has been my whole life)</p>
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		<title>By: clawz</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-149401</link>
		<dc:creator>clawz</dc:creator>
		<pubDate>Tue, 30 Mar 2010 15:36:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-149401</guid>
		<description>ps i do agree it does depend on the child because if the child is really bad and usually he gets bad grades exept now he decides to change his ways and get good grades good possibility that he is cheating in his classes

clawz</description>
		<content:encoded><![CDATA[<p>ps i do agree it does depend on the child because if the child is really bad and usually he gets bad grades exept now he decides to change his ways and get good grades good possibility that he is cheating in his classes</p>
<p>clawz</p>
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		<title>By: clawz</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-149391</link>
		<dc:creator>clawz</dc:creator>
		<pubDate>Tue, 30 Mar 2010 15:24:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-149391</guid>
		<description>adults wake up get dressed go to work get home exhausted with pay

kids wake up get dressed go to &quot;work&quot; get home exhausted without pay 

notice a pattern?

maybe kids wont drop out if they have propper reason to stay in the words of that great philosopher &quot;everything is possible through a bribe.&quot;

everyone knows through reward things prosper why cant we grasp this possibility? the only reason kids dont get paid is to increase the supieriorness of adults sure dont give them all the power but it might help if you gave them a little compensation once in a while

excuse me if im ranting but its a pretty good topic

by:clawz</description>
		<content:encoded><![CDATA[<p>adults wake up get dressed go to work get home exhausted with pay</p>
<p>kids wake up get dressed go to &#8220;work&#8221; get home exhausted without pay </p>
<p>notice a pattern?</p>
<p>maybe kids wont drop out if they have propper reason to stay in the words of that great philosopher &#8220;everything is possible through a bribe.&#8221;</p>
<p>everyone knows through reward things prosper why cant we grasp this possibility? the only reason kids dont get paid is to increase the supieriorness of adults sure dont give them all the power but it might help if you gave them a little compensation once in a while</p>
<p>excuse me if im ranting but its a pretty good topic</p>
<p>by:clawz</p>
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		<title>By: skyler</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-149371</link>
		<dc:creator>skyler</dc:creator>
		<pubDate>Tue, 30 Mar 2010 14:51:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-149371</guid>
		<description>i think it is a good idea</description>
		<content:encoded><![CDATA[<p>i think it is a good idea</p>
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		<title>By: Kevin</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-138960</link>
		<dc:creator>Kevin</dc:creator>
		<pubDate>Fri, 22 Jan 2010 00:16:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-138960</guid>
		<description>I am in 7th grade and really don&#039;t get money.  My birthday and Christmas money goes to my bank account, and I don&#039;t get an allowance.

I get straight A&#039;s(maybe 1 A- every now and then) in my school and am in several extracurriculars.  It would be nice to get paid, but if the kid is already performing well, it shouldn&#039;t be much of an issue UNLESS you think that schoolwork will soon be much harder.</description>
		<content:encoded><![CDATA[<p>I am in 7th grade and really don&#8217;t get money.  My birthday and Christmas money goes to my bank account, and I don&#8217;t get an allowance.</p>
<p>I get straight A&#8217;s(maybe 1 A- every now and then) in my school and am in several extracurriculars.  It would be nice to get paid, but if the kid is already performing well, it shouldn&#8217;t be much of an issue UNLESS you think that schoolwork will soon be much harder.</p>
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		<title>By: Live for Improvement</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-137808</link>
		<dc:creator>Live for Improvement</dc:creator>
		<pubDate>Mon, 04 Jan 2010 20:34:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-137808</guid>
		<description>First off, My wife and I do not have kids yet, but are planning to in the next few years.

With that being said, I don&#039;t see a problem with rewarding kids financially for good grades, although mine never rewarded me. 

Maybe using grades as a allowance pay scale could be a good idea. Each report card could set the tone for that report card period. GPA could be used to determine a regular allowance wage.

I have know idea what allowances are these days, but here is a formula I just made up of the top of my head:

[GPA-Unacceptable] x Rate = Allowance

Example 1:

Your son Michael brings home a report card with a 3.29 GPA. He is not allowed to get less than a 2.5 GPA (C average). His Pay rate is $10. And his allowance is paid weekly.

[3.29-2.5] x $10 = $7.90 per week  

Example 2:

Your daughter Rachel brings home a report card with a 3.50 GPA. she is not allowed to get less than a 2.5 GPA (C average). Her Pay rate is $10. And her allowance is paid weekly.

[3.5 - 2.5] x $10 = $10 per week

Your other son Paul brings home a report card with a 4.0 GPA. He is not allowed to get less than a 2.5 GPA (C average). His Pay rate is $10. And his allowance is paid weekly.

[4.0-2.5] x $10 = $15 per week  


Example 4:

Your oldest daughter Megan is a senior and highschool, and brings home a report card with a 3.50 GPA. she is not allowed to get less than a 2.5 GPA (C average). Her Pay rate is $15 because she is older. And her allowance is paid weekly. 

[3.5-2.5] x $15 = $15 per week   

If you want to be really mean, you could even charge or fine your kids if they get less than the unacceptable GPA. 

[2.36-2.5] x $15 = -$2.10 fee per week

This teaches kids that hard work is rewarded, and there are consequences for their actions. It is also a good segway to teach about personal finance and money management. For those worried about the kids not doing what is expected, that what chores are for.</description>
		<content:encoded><![CDATA[<p>First off, My wife and I do not have kids yet, but are planning to in the next few years.</p>
<p>With that being said, I don&#8217;t see a problem with rewarding kids financially for good grades, although mine never rewarded me. </p>
<p>Maybe using grades as a allowance pay scale could be a good idea. Each report card could set the tone for that report card period. GPA could be used to determine a regular allowance wage.</p>
<p>I have know idea what allowances are these days, but here is a formula I just made up of the top of my head:</p>
<p>[GPA-Unacceptable] x Rate = Allowance</p>
<p>Example 1:</p>
<p>Your son Michael brings home a report card with a 3.29 GPA. He is not allowed to get less than a 2.5 GPA (C average). His Pay rate is $10. And his allowance is paid weekly.</p>
<p>[3.29-2.5] x $10 = $7.90 per week  </p>
<p>Example 2:</p>
<p>Your daughter Rachel brings home a report card with a 3.50 GPA. she is not allowed to get less than a 2.5 GPA (C average). Her Pay rate is $10. And her allowance is paid weekly.</p>
<p>[3.5 - 2.5] x $10 = $10 per week</p>
<p>Your other son Paul brings home a report card with a 4.0 GPA. He is not allowed to get less than a 2.5 GPA (C average). His Pay rate is $10. And his allowance is paid weekly.</p>
<p>[4.0-2.5] x $10 = $15 per week  </p>
<p>Example 4:</p>
<p>Your oldest daughter Megan is a senior and highschool, and brings home a report card with a 3.50 GPA. she is not allowed to get less than a 2.5 GPA (C average). Her Pay rate is $15 because she is older. And her allowance is paid weekly. </p>
<p>[3.5-2.5] x $15 = $15 per week   </p>
<p>If you want to be really mean, you could even charge or fine your kids if they get less than the unacceptable GPA. </p>
<p>[2.36-2.5] x $15 = -$2.10 fee per week</p>
<p>This teaches kids that hard work is rewarded, and there are consequences for their actions. It is also a good segway to teach about personal finance and money management. For those worried about the kids not doing what is expected, that what chores are for.</p>
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		<title>By: michael</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-137007</link>
		<dc:creator>michael</dc:creator>
		<pubDate>Thu, 10 Dec 2009 20:10:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-137007</guid>
		<description>i think that kids should get paid because it encourages them to get good grades</description>
		<content:encoded><![CDATA[<p>i think that kids should get paid because it encourages them to get good grades</p>
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		<title>By: Momma k</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-136890</link>
		<dc:creator>Momma k</dc:creator>
		<pubDate>Fri, 04 Dec 2009 23:09:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-136890</guid>
		<description>I have four children. Ones not in school yet. The 6 yr. old gets good grades and is smart but gets sent home from school occasionally for bad behavior.Should he be rewarded for his good grades even though he gets in trouble at school? The 8 yr. old struggles every year to pass to the next grade her only self incentive is to move on with her friends.She kinda try&#039;s but has ADHD. Should she be rewarded the same as the other kids? Which would be significantly less. The 10 yr. old gets all A&#039;s and a few B&#039;s with ease. Should I set up a plan for each individually? Me and my husband ponder on what is the &quot;right&quot; or &quot;fair&quot; thing to do for them. We both were never paid for grades. I remember having friends that were paid significantly for A&#039;s and know that I wished I had got rewarded for my efforts. Since I wasn&#039;t I squeaked by instead of striving for my best. Now that I&#039;m in collage myself and thinking about my children&#039;s future I want them to do great in school so they can go on to college themselves with scholarships and such. We have thrown a few ideas to the kids to see what they think would make them try their hardest. We never came to a conclusion so nobody gets anything.</description>
		<content:encoded><![CDATA[<p>I have four children. Ones not in school yet. The 6 yr. old gets good grades and is smart but gets sent home from school occasionally for bad behavior.Should he be rewarded for his good grades even though he gets in trouble at school? The 8 yr. old struggles every year to pass to the next grade her only self incentive is to move on with her friends.She kinda try&#8217;s but has ADHD. Should she be rewarded the same as the other kids? Which would be significantly less. The 10 yr. old gets all A&#8217;s and a few B&#8217;s with ease. Should I set up a plan for each individually? Me and my husband ponder on what is the &#8220;right&#8221; or &#8220;fair&#8221; thing to do for them. We both were never paid for grades. I remember having friends that were paid significantly for A&#8217;s and know that I wished I had got rewarded for my efforts. Since I wasn&#8217;t I squeaked by instead of striving for my best. Now that I&#8217;m in collage myself and thinking about my children&#8217;s future I want them to do great in school so they can go on to college themselves with scholarships and such. We have thrown a few ideas to the kids to see what they think would make them try their hardest. We never came to a conclusion so nobody gets anything.</p>
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		<title>By: Shula</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-2/#comment-136386</link>
		<dc:creator>Shula</dc:creator>
		<pubDate>Mon, 16 Nov 2009 14:41:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-136386</guid>
		<description>I think paying for grades is a good idea.  My parents paid me for A&#039;s in elementary school, even though I was gifted.  It was an extra motivator for me to do my very best.   And, it worked.  I ended up loving learning and completing graduate school.

My child has a learning disability (diagnosed by 3 psychologists and 1 psychiatrist and all teachers who ever dealt with this child).  I am now giving the child a money reward system for good grades, even C&#039;s.  We also set timers for homework completion, and turned on the closed captioning on the tv so tv time is extra reading time.  These measures ares helping the child to stay focused in class, more willing to do extra homework, and I&#039;m even able to cut down on the medicines now.   The child is very proud of the $42 in the wallet, and the little toys she is able to buy.

My answer is that it depends on the child.

Children that would otherwise &quot;do poorly&quot; in school, then money for grades may be the added incentive needed.   But, it has to be part of an overall plan.</description>
		<content:encoded><![CDATA[<p>I think paying for grades is a good idea.  My parents paid me for A&#8217;s in elementary school, even though I was gifted.  It was an extra motivator for me to do my very best.   And, it worked.  I ended up loving learning and completing graduate school.</p>
<p>My child has a learning disability (diagnosed by 3 psychologists and 1 psychiatrist and all teachers who ever dealt with this child).  I am now giving the child a money reward system for good grades, even C&#8217;s.  We also set timers for homework completion, and turned on the closed captioning on the tv so tv time is extra reading time.  These measures ares helping the child to stay focused in class, more willing to do extra homework, and I&#8217;m even able to cut down on the medicines now.   The child is very proud of the $42 in the wallet, and the little toys she is able to buy.</p>
<p>My answer is that it depends on the child.</p>
<p>Children that would otherwise &#8220;do poorly&#8221; in school, then money for grades may be the added incentive needed.   But, it has to be part of an overall plan.</p>
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		<title>By: MAST</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-136268</link>
		<dc:creator>MAST</dc:creator>
		<pubDate>Wed, 11 Nov 2009 01:12:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-136268</guid>
		<description>If a kid has  absolutely nothing to work towards, what is the point of even trying? Having something to work towards worked for me. it turned me into a straight a student from a c-low b student</description>
		<content:encoded><![CDATA[<p>If a kid has  absolutely nothing to work towards, what is the point of even trying? Having something to work towards worked for me. it turned me into a straight a student from a c-low b student</p>
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		<title>By: sarahe306</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-135600</link>
		<dc:creator>sarahe306</dc:creator>
		<pubDate>Tue, 13 Oct 2009 20:58:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-135600</guid>
		<description>Well all interesting comments so I&#039;ll say something.

I personally was never compensated for anything; everything I did was for my parents or, &quot;the good of the family.&quot; Chores were something I was asked to do and did because it made my parent&#039;s lives easier. However I was a special case perhaps because I DID care for parent&#039;s well being.

My academics were something which my parents told me I needed to do well in to succeed. I was never paid for grades, I was happy enough to see their smiling faces.

Went I got my first car it was because I was doing well in school and was accepted into a REALLY hard college prep school which they were glad to pay for. I still wasnâ€™t paid for grades though they did take me out to a nice restaurant if I did well one semester. I also got my first allowance, a debit card, and a bad idea.

I&#039;m not a high maintenance person so I never really asked for things when I was a kid, nor did I do anything out of the ordinary when I was high school. Gas, lunch with friends after school, movies, pretty normal stuff, but it never really taught me the value of money.

Truth be told I could have done much better while I was there, only the first year I really had to study. Once my parents saw this they decided job time!

Now comes the realization of a lifetime. Between my Dad losing his job, college looming, finding a job, and losing our house. I became aware of our financial problems.

By informing your kids of the problems or limitations your budget faces it really motivates them to help (in my opinion) I cut back on everything (not that I had a choice, got a job ect)

That&#039;s my experience at least . . . ;-)</description>
		<content:encoded><![CDATA[<p>Well all interesting comments so I&#8217;ll say something.</p>
<p>I personally was never compensated for anything; everything I did was for my parents or, &#8220;the good of the family.&#8221; Chores were something I was asked to do and did because it made my parent&#8217;s lives easier. However I was a special case perhaps because I DID care for parent&#8217;s well being.</p>
<p>My academics were something which my parents told me I needed to do well in to succeed. I was never paid for grades, I was happy enough to see their smiling faces.</p>
<p>Went I got my first car it was because I was doing well in school and was accepted into a REALLY hard college prep school which they were glad to pay for. I still wasnâ€™t paid for grades though they did take me out to a nice restaurant if I did well one semester. I also got my first allowance, a debit card, and a bad idea.</p>
<p>I&#8217;m not a high maintenance person so I never really asked for things when I was a kid, nor did I do anything out of the ordinary when I was high school. Gas, lunch with friends after school, movies, pretty normal stuff, but it never really taught me the value of money.</p>
<p>Truth be told I could have done much better while I was there, only the first year I really had to study. Once my parents saw this they decided job time!</p>
<p>Now comes the realization of a lifetime. Between my Dad losing his job, college looming, finding a job, and losing our house. I became aware of our financial problems.</p>
<p>By informing your kids of the problems or limitations your budget faces it really motivates them to help (in my opinion) I cut back on everything (not that I had a choice, got a job ect)</p>
<p>That&#8217;s my experience at least . . . <img src='http://www.fivecentnickel.com/wordpress/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
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		<title>By: Cassie</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-133403</link>
		<dc:creator>Cassie</dc:creator>
		<pubDate>Wed, 22 Jul 2009 00:48:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-133403</guid>
		<description>I haven&#039;t read all of the posts, basically because there are so many of them! And I also know that I am a little late.  But as I was growing up my brother and I were never given money or any physical object for doing well in school.  (We were both straight A students by the way.)  But in addition to this, we were not given any kind of allowance either.  Instead, when we went shopping we were taught the value of money.  We calculated the percentage of money we were taking from the bank account and also how much money we were using in relation to how much money our parents made an hour.  Of course this was a complex concept and did not come until middle schoo, but when it did come it taught us to value our money and the money of others.  I know this struck me to the core, although I cannot speak the same for my brother.  Now that I am older I have all of the concepts of money management as well as the concepts of doing your best in order to feel accomplished and to receive moderated praise from others.  Although I do need to say that I felt as I was growing up that I was being cheated to an extent because I was performing so well and receiving nothing for it.  But now that I am older I am able to recollect positively on their actions toward rewards.  I am glad that money did not cloud my judgement and that it was not my motivation for things in life.</description>
		<content:encoded><![CDATA[<p>I haven&#8217;t read all of the posts, basically because there are so many of them! And I also know that I am a little late.  But as I was growing up my brother and I were never given money or any physical object for doing well in school.  (We were both straight A students by the way.)  But in addition to this, we were not given any kind of allowance either.  Instead, when we went shopping we were taught the value of money.  We calculated the percentage of money we were taking from the bank account and also how much money we were using in relation to how much money our parents made an hour.  Of course this was a complex concept and did not come until middle schoo, but when it did come it taught us to value our money and the money of others.  I know this struck me to the core, although I cannot speak the same for my brother.  Now that I am older I have all of the concepts of money management as well as the concepts of doing your best in order to feel accomplished and to receive moderated praise from others.  Although I do need to say that I felt as I was growing up that I was being cheated to an extent because I was performing so well and receiving nothing for it.  But now that I am older I am able to recollect positively on their actions toward rewards.  I am glad that money did not cloud my judgement and that it was not my motivation for things in life.</p>
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		<title>By: Janet</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128383</link>
		<dc:creator>Janet</dc:creator>
		<pubDate>Mon, 02 Feb 2009 18:58:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128383</guid>
		<description>A college roommate of mine was paid by her parents based on her GPA at the end of each semester. We are not talking chump change here, she was raking in about $1500 a semester for maintaing roughly a 3.0. Her parents also paid for all of her expenses, school, food, apartment, car, insurance, phone, etc. They did not want her to have to work and go to school at the same time. 

I on the other hand maintained a 3.9 throughout my four years at school, my parents helped me out where they could, but I took out loans and worked several jobs to pay for my daily expenses (despite several scholarships). I was certainly never paid for getting good grades... I worked hard for my own personal satisfaction, and in order to be competitive for graduate school and jobs once I graduated. 

Fast forward to graduation, and my roommate had zero work experience (except for a few summer jobs) to put on her resume, while I had compiled a list of worthwhile work experiences and professional contacts. It would have been nice to not have to work during college like my roommate, but I think in the long run I benefited the most from those professional experiences and connections that I was able to establish while still in school. If my parents had paid me 1500 a semester, I may not have been motivated to get out and find those jobs.</description>
		<content:encoded><![CDATA[<p>A college roommate of mine was paid by her parents based on her GPA at the end of each semester. We are not talking chump change here, she was raking in about $1500 a semester for maintaing roughly a 3.0. Her parents also paid for all of her expenses, school, food, apartment, car, insurance, phone, etc. They did not want her to have to work and go to school at the same time. </p>
<p>I on the other hand maintained a 3.9 throughout my four years at school, my parents helped me out where they could, but I took out loans and worked several jobs to pay for my daily expenses (despite several scholarships). I was certainly never paid for getting good grades&#8230; I worked hard for my own personal satisfaction, and in order to be competitive for graduate school and jobs once I graduated. </p>
<p>Fast forward to graduation, and my roommate had zero work experience (except for a few summer jobs) to put on her resume, while I had compiled a list of worthwhile work experiences and professional contacts. It would have been nice to not have to work during college like my roommate, but I think in the long run I benefited the most from those professional experiences and connections that I was able to establish while still in school. If my parents had paid me 1500 a semester, I may not have been motivated to get out and find those jobs.</p>
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		<title>By: thomas</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128180</link>
		<dc:creator>thomas</dc:creator>
		<pubDate>Tue, 27 Jan 2009 04:45:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128180</guid>
		<description>If my kid gets A&#039;s for being dumb as rocks, I&#039;ll certainly reward them. I&#039;ll reward them if they are smart as well. Incentives are powerful motivators.</description>
		<content:encoded><![CDATA[<p>If my kid gets A&#8217;s for being dumb as rocks, I&#8217;ll certainly reward them. I&#8217;ll reward them if they are smart as well. Incentives are powerful motivators.</p>
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		<title>By: Danielle</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128153</link>
		<dc:creator>Danielle</dc:creator>
		<pubDate>Mon, 26 Jan 2009 16:39:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128153</guid>
		<description>I agree with the overall concept of offering an allowance that is not tied to chores, behavior or academic performance. I also believe that some amount of saving and tithing should be taught from the beginning.

One thing my husband and I have learned about parenting from discussing our childhood experiences is that each child reacts to specific punishments/rewards differently. Using money as a reward might work with one child but won&#039;t with another so we have decided to leave money out of it entirely.

We plan to make it clear from the beginning that punishments AND rewards are not tied to money and will be tailored to the child and the situation. There are many ways to reward a child without handing over cold hard cash, not the least of which is some extra quality time spent with them or letting them choose the family activity for an evening.</description>
		<content:encoded><![CDATA[<p>I agree with the overall concept of offering an allowance that is not tied to chores, behavior or academic performance. I also believe that some amount of saving and tithing should be taught from the beginning.</p>
<p>One thing my husband and I have learned about parenting from discussing our childhood experiences is that each child reacts to specific punishments/rewards differently. Using money as a reward might work with one child but won&#8217;t with another so we have decided to leave money out of it entirely.</p>
<p>We plan to make it clear from the beginning that punishments AND rewards are not tied to money and will be tailored to the child and the situation. There are many ways to reward a child without handing over cold hard cash, not the least of which is some extra quality time spent with them or letting them choose the family activity for an evening.</p>
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		<title>By: Gary</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128125</link>
		<dc:creator>Gary</dc:creator>
		<pubDate>Sun, 25 Jan 2009 19:40:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128125</guid>
		<description>In my family the chores were done because we are part of the family. There was no allowance. However, We were paid $30 every two weeks to mow the lawn. The significance here was you earn your money. We were not paid for grades.

Paying for grades: This could add up to some type of investment in the long run. If your children pull good grades for the money then they may qualify for a scholarship that will help you or them out when they do go to college.</description>
		<content:encoded><![CDATA[<p>In my family the chores were done because we are part of the family. There was no allowance. However, We were paid $30 every two weeks to mow the lawn. The significance here was you earn your money. We were not paid for grades.</p>
<p>Paying for grades: This could add up to some type of investment in the long run. If your children pull good grades for the money then they may qualify for a scholarship that will help you or them out when they do go to college.</p>
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		<title>By: pat</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128111</link>
		<dc:creator>pat</dc:creator>
		<pubDate>Sun, 25 Jan 2009 04:49:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128111</guid>
		<description>We pay for grades.  Up through Middle School, we take the kids out for pizza at an arcade place.  When in High School they get $50 for an A, $10 for a B, -$40 for a C, and hopefully never have to figure out a D or F.  My college kid doesn&#039;t get paid anything since I&#039;m paying for college, but if she makes a D and has to take the class over, she pays the takeover herself (it&#039;s only happened once)

Youngest (10 year old) gets $10 every two weeks allowance (not tied to chores).  The 17 year old gets $80 a month in a checking account but has to pay for everything (she also has a job).  The college kids gets $300 month spending money (she also has a job).  I spend a ton on my kids and don&#039;t think they&#039;ve been unmotivated just because I pay for grades or give allowances not based on work done.   

From someone that&#039;s been through it, don&#039;t lose any sleep over whether your way is the right way or not, because it REALLY doesn&#039;t matter much in the great scheme of life.  Don&#039;t over think these things.</description>
		<content:encoded><![CDATA[<p>We pay for grades.  Up through Middle School, we take the kids out for pizza at an arcade place.  When in High School they get $50 for an A, $10 for a B, -$40 for a C, and hopefully never have to figure out a D or F.  My college kid doesn&#8217;t get paid anything since I&#8217;m paying for college, but if she makes a D and has to take the class over, she pays the takeover herself (it&#8217;s only happened once)</p>
<p>Youngest (10 year old) gets $10 every two weeks allowance (not tied to chores).  The 17 year old gets $80 a month in a checking account but has to pay for everything (she also has a job).  The college kids gets $300 month spending money (she also has a job).  I spend a ton on my kids and don&#8217;t think they&#8217;ve been unmotivated just because I pay for grades or give allowances not based on work done.   </p>
<p>From someone that&#8217;s been through it, don&#8217;t lose any sleep over whether your way is the right way or not, because it REALLY doesn&#8217;t matter much in the great scheme of life.  Don&#8217;t over think these things.</p>
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		<title>By: Kim</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128085</link>
		<dc:creator>Kim</dc:creator>
		<pubDate>Sat, 24 Jan 2009 15:44:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128085</guid>
		<description>I neglegted to mention in my 10:19 am posting that the jobs that have a wage attached also must be done within a certain framework of time, usually Mon-Sun.  Not only does he not get paid for the chore left un-done, he must make up the work at a most inconvenient time.  And if it&#039;s something I have to make up then his goose is really cooked!!!!  He&#039;ll still get his paycheck but will have nowhere to go and nothing to spend it on for a week or so.  Again, this is what works for us.  He understands this very well.</description>
		<content:encoded><![CDATA[<p>I neglegted to mention in my 10:19 am posting that the jobs that have a wage attached also must be done within a certain framework of time, usually Mon-Sun.  Not only does he not get paid for the chore left un-done, he must make up the work at a most inconvenient time.  And if it&#8217;s something I have to make up then his goose is really cooked!!!!  He&#8217;ll still get his paycheck but will have nowhere to go and nothing to spend it on for a week or so.  Again, this is what works for us.  He understands this very well.</p>
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		<title>By: Kim</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128083</link>
		<dc:creator>Kim</dc:creator>
		<pubDate>Sat, 24 Jan 2009 15:19:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128083</guid>
		<description>I use a bit of your thinking and some of Dave Ramsey&#039;s advice.  My son has chores that he does not get paid for because he&#039;s a member of the family and we all have to pitch in.  He and I share the bigger chores for which he gets a &quot;salary&quot;.  They&#039;re on a schedule, they have a money amount attached, he checks them off and gets paid accordingly.
Although, I&#039;m actually thinking of giving him his full &quot;salary&quot; and then citing him with &quot;tickets&quot; when work is not done.  This way may be a bit more realistic, kind of like when you&#039;re late for work or get a speeding ticket.
I do not give money for grades.  He&#039;s expected to do his best, and then some.  He knows college is in his future and that it&#039;s his effort that will get him into a good one.  He gets constant praise and encouragement for his efforts.  His dad and I will take him out to a very nice dinner and movie once or twice a year especially for his grades.  Sometimes his dad will buy him that special techno gadget, but only once in a year.  It works for us.</description>
		<content:encoded><![CDATA[<p>I use a bit of your thinking and some of Dave Ramsey&#8217;s advice.  My son has chores that he does not get paid for because he&#8217;s a member of the family and we all have to pitch in.  He and I share the bigger chores for which he gets a &#8220;salary&#8221;.  They&#8217;re on a schedule, they have a money amount attached, he checks them off and gets paid accordingly.<br />
Although, I&#8217;m actually thinking of giving him his full &#8220;salary&#8221; and then citing him with &#8220;tickets&#8221; when work is not done.  This way may be a bit more realistic, kind of like when you&#8217;re late for work or get a speeding ticket.<br />
I do not give money for grades.  He&#8217;s expected to do his best, and then some.  He knows college is in his future and that it&#8217;s his effort that will get him into a good one.  He gets constant praise and encouragement for his efforts.  His dad and I will take him out to a very nice dinner and movie once or twice a year especially for his grades.  Sometimes his dad will buy him that special techno gadget, but only once in a year.  It works for us.</p>
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		<title>By: Hjalmar</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128080</link>
		<dc:creator>Hjalmar</dc:creator>
		<pubDate>Sat, 24 Jan 2009 09:34:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128080</guid>
		<description>When I was young, my sister &amp; I both received an allowance for washing dishes plus a &quot;bonus&quot; for top marks in school.. although I shouldn&#039;t have needed to be paid for &quot;education&quot;, this added incentive (in hindsight) was our mother&#039;s way of showing us that education should be valued and caused us to try to excel in it.. Now it just seems to be a &quot;carrot&quot; of sorts.. basically harmless and has potential to achieve what parents want?</description>
		<content:encoded><![CDATA[<p>When I was young, my sister &amp; I both received an allowance for washing dishes plus a &#8220;bonus&#8221; for top marks in school.. although I shouldn&#8217;t have needed to be paid for &#8220;education&#8221;, this added incentive (in hindsight) was our mother&#8217;s way of showing us that education should be valued and caused us to try to excel in it.. Now it just seems to be a &#8220;carrot&#8221; of sorts.. basically harmless and has potential to achieve what parents want?</p>
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		<title>By: Drew</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-128052</link>
		<dc:creator>Drew</dc:creator>
		<pubDate>Fri, 23 Jan 2009 22:16:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-128052</guid>
		<description>Growing up, I never received an allowance, and I never received a monetary reward for good grades.  Up through Middle school I was always on the Honor Roll (3.0 GPA) with the rare occasion of the High Honor Roll (3.5 or higher).  School work was not hard for me, but in High school my grades began to drop--not because school work got harder for me but because I wasn&#039;t motivated.  I never took school work home.  I left it for the next day&#039;s study hall where I would mess around and end up (most of the time) not even finishing it before class.  I strongly believe that if I were offered money for As I would have made the High Honor Roll at least 3 out of the 4 semesters a year.  

This isn&#039;t necessarily the &quot;right&quot; policy, but this is probably going to be my policy with my kid, who is due this April:  

I think a monetary reward for the child&#039;s very best work is good.  If I know he could be doing better, I will not reward him.  I will also reward him for performing jobs that aren&#039;t part of a normal day (my parents paid me for working on the farm).  

With that money earned (along with xmas/birthday gifts, etc.) he will have 3 piggy banks: 10% will go to charity/church, 45% will each go to &quot;permanent savings&quot; and &quot;spending money.&quot; 

This will hopefully teach him how to save, and it will teach him how to be responsible with his money.</description>
		<content:encoded><![CDATA[<p>Growing up, I never received an allowance, and I never received a monetary reward for good grades.  Up through Middle school I was always on the Honor Roll (3.0 GPA) with the rare occasion of the High Honor Roll (3.5 or higher).  School work was not hard for me, but in High school my grades began to drop&#8211;not because school work got harder for me but because I wasn&#8217;t motivated.  I never took school work home.  I left it for the next day&#8217;s study hall where I would mess around and end up (most of the time) not even finishing it before class.  I strongly believe that if I were offered money for As I would have made the High Honor Roll at least 3 out of the 4 semesters a year.  </p>
<p>This isn&#8217;t necessarily the &#8220;right&#8221; policy, but this is probably going to be my policy with my kid, who is due this April:  </p>
<p>I think a monetary reward for the child&#8217;s very best work is good.  If I know he could be doing better, I will not reward him.  I will also reward him for performing jobs that aren&#8217;t part of a normal day (my parents paid me for working on the farm).  </p>
<p>With that money earned (along with xmas/birthday gifts, etc.) he will have 3 piggy banks: 10% will go to charity/church, 45% will each go to &#8220;permanent savings&#8221; and &#8220;spending money.&#8221; </p>
<p>This will hopefully teach him how to save, and it will teach him how to be responsible with his money.</p>
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		<title>By: Eric S.</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127968</link>
		<dc:creator>Eric S.</dc:creator>
		<pubDate>Thu, 22 Jan 2009 20:32:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127968</guid>
		<description>Great Topic!!!

Lots of opinions and good arguments for both sides.  I&#039;ll just throw in what we do for our three girls.  

They get a special night out for good grades - this can be a night bowling, a special place to eat out, etc.  I don&#039;t view this as paying them off, but as a celebration of their hard work.  And yes, if one does not meet our criteria laid out for her, then she does not get to pick.

Our kids are expected to help out around the house a lot.  They fill and empty the dishwasher, clean the house (their part of the house) weekly, feed and care for the animals, and take care of the trash.  They also get an allowance.  Allowance is based on age which also correlates with their level of responsibility around the house.  If they don&#039;t follow through on their responsibilities they get allowance docked (as well as additional punishments if need be).  We view the allowance as a training tool for life while the jobs around the house are a part of being a family.

Eric</description>
		<content:encoded><![CDATA[<p>Great Topic!!!</p>
<p>Lots of opinions and good arguments for both sides.  I&#8217;ll just throw in what we do for our three girls.  </p>
<p>They get a special night out for good grades &#8211; this can be a night bowling, a special place to eat out, etc.  I don&#8217;t view this as paying them off, but as a celebration of their hard work.  And yes, if one does not meet our criteria laid out for her, then she does not get to pick.</p>
<p>Our kids are expected to help out around the house a lot.  They fill and empty the dishwasher, clean the house (their part of the house) weekly, feed and care for the animals, and take care of the trash.  They also get an allowance.  Allowance is based on age which also correlates with their level of responsibility around the house.  If they don&#8217;t follow through on their responsibilities they get allowance docked (as well as additional punishments if need be).  We view the allowance as a training tool for life while the jobs around the house are a part of being a family.</p>
<p>Eric</p>
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		<title>By: Sunny</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127954</link>
		<dc:creator>Sunny</dc:creator>
		<pubDate>Thu, 22 Jan 2009 17:50:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127954</guid>
		<description>I absolutely agree that an allowance not be tied to chores, grades, etc.  I agree because IT WORKED NOT TO! (my son is almost 20 now).  The allowance is not an &quot;entitlement&quot;, it is a learning tool.  When $$ is tied to chores or behavior/grades, it becomes too easy to use it to bribe, etc.  When my son did not do chores, homework, etc. there were other ways to discipline or penalize him to get the point across.  For example, I would not allow him to do something or go somewhere he wanted.  My rationale was you didn&#039;t do your part, I now have to do it, so my time must be spent doing this rather than getting you somewhere, etc. etc.  Also, I learned from several books on the subject to give an allowance once a month rather than once a week, especially when they get to be about 10-12.  When he was that age, my son would blow the weekly amt pretty quickly.  With a monthly amount, he might blow the same initial amt quickly, but then would be very mindful of how much he had left.  He has really learned the skill of saving and managing money.  The key is to remain firm when they run out, decide what you will and won&#039;t require be paid for out of the allowance, and then stick to it.</description>
		<content:encoded><![CDATA[<p>I absolutely agree that an allowance not be tied to chores, grades, etc.  I agree because IT WORKED NOT TO! (my son is almost 20 now).  The allowance is not an &#8220;entitlement&#8221;, it is a learning tool.  When $$ is tied to chores or behavior/grades, it becomes too easy to use it to bribe, etc.  When my son did not do chores, homework, etc. there were other ways to discipline or penalize him to get the point across.  For example, I would not allow him to do something or go somewhere he wanted.  My rationale was you didn&#8217;t do your part, I now have to do it, so my time must be spent doing this rather than getting you somewhere, etc. etc.  Also, I learned from several books on the subject to give an allowance once a month rather than once a week, especially when they get to be about 10-12.  When he was that age, my son would blow the weekly amt pretty quickly.  With a monthly amount, he might blow the same initial amt quickly, but then would be very mindful of how much he had left.  He has really learned the skill of saving and managing money.  The key is to remain firm when they run out, decide what you will and won&#8217;t require be paid for out of the allowance, and then stick to it.</p>
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		<title>By: Converting A Spendthrift</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127944</link>
		<dc:creator>Converting A Spendthrift</dc:creator>
		<pubDate>Thu, 22 Jan 2009 17:04:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127944</guid>
		<description>I have three kids - 16, 12 and 7. 

I personally do not believe in paying kids for good grades. Allowances in our house are tied to chores as in life you get paid for the work you have done.

If a child brings me a report card and they have done especially well I give them a gift that they can pick or that I have purchased previously and held(value - no more than twenty dollars). 

However, our kids do have grandparents who pay a set amount per grade.</description>
		<content:encoded><![CDATA[<p>I have three kids &#8211; 16, 12 and 7. </p>
<p>I personally do not believe in paying kids for good grades. Allowances in our house are tied to chores as in life you get paid for the work you have done.</p>
<p>If a child brings me a report card and they have done especially well I give them a gift that they can pick or that I have purchased previously and held(value &#8211; no more than twenty dollars). </p>
<p>However, our kids do have grandparents who pay a set amount per grade.</p>
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		<title>By: Chris</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127936</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Thu, 22 Jan 2009 16:25:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127936</guid>
		<description>Our two older kids (ages 7 &amp; 11) get an allowance, but are expected to &quot;earn&quot; the allowance by doing chores.  On weeks that they are given a pass on chores (holiday weeks), they don&#039;t get &quot;paid&quot;.  They both have learned to save their allowance to buy things that mom &amp; dad won&#039;t shell out for, like wii games.  Right now our oldest has a bigger goal - he&#039;s announced that he&#039;s saving for a laptop.  At $5 a week, he&#039;s got a ways to go!

As far as report cards go, our oldest is a straight &quot;A&quot; student, and his younger sister does well, too.  When they bring home a good report card, they get to choose a special activity, such as inviting a friend to go see a movie (on us) or to go bowling, swimming at the rec center, etc.  We see this more as a celebration of their achievement than as &quot;payment&quot; for good grades.  They really look forward to these special activities.</description>
		<content:encoded><![CDATA[<p>Our two older kids (ages 7 &amp; 11) get an allowance, but are expected to &#8220;earn&#8221; the allowance by doing chores.  On weeks that they are given a pass on chores (holiday weeks), they don&#8217;t get &#8220;paid&#8221;.  They both have learned to save their allowance to buy things that mom &amp; dad won&#8217;t shell out for, like wii games.  Right now our oldest has a bigger goal &#8211; he&#8217;s announced that he&#8217;s saving for a laptop.  At $5 a week, he&#8217;s got a ways to go!</p>
<p>As far as report cards go, our oldest is a straight &#8220;A&#8221; student, and his younger sister does well, too.  When they bring home a good report card, they get to choose a special activity, such as inviting a friend to go see a movie (on us) or to go bowling, swimming at the rec center, etc.  We see this more as a celebration of their achievement than as &#8220;payment&#8221; for good grades.  They really look forward to these special activities.</p>
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		<title>By: Katrina</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127935</link>
		<dc:creator>Katrina</dc:creator>
		<pubDate>Thu, 22 Jan 2009 16:22:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127935</guid>
		<description>I used to get 5 dollars for every A, 4 dollars for every B, and so on.  It must have worked because now I am a board certified physician and working full time.  This last December I took my parents on an all expense paid trip to Hawaii.  Paying your children for grades is a small investment with the opportunity for huge gains!</description>
		<content:encoded><![CDATA[<p>I used to get 5 dollars for every A, 4 dollars for every B, and so on.  It must have worked because now I am a board certified physician and working full time.  This last December I took my parents on an all expense paid trip to Hawaii.  Paying your children for grades is a small investment with the opportunity for huge gains!</p>
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		<title>By: Valerie</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127930</link>
		<dc:creator>Valerie</dc:creator>
		<pubDate>Thu, 22 Jan 2009 15:57:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127930</guid>
		<description>I have raised four very productive children into adult-hood and what we did as a family regarding money/reward was: no child got paid for chores, not &quot;above and beyond&quot; nor grades.  Though we home schooled, no attention was really put on a grade, just excellence in the school work.  Red ink on a page was punishment enough.... We all worked in the family, no one paid Mom for going above and beyond pulling out the stove and cleaning behind it - just had to be done.  Likewise, when a child did go &quot;above and beyond&quot; doing things with a cheerful, grateful manner - that is what was praised, attitude not actions.  However, it was taught that actions came out of attitude.  Teaching about money came through math class, and later when they had jobs at age 16 - no sooner.  Home life was more valuable.</description>
		<content:encoded><![CDATA[<p>I have raised four very productive children into adult-hood and what we did as a family regarding money/reward was: no child got paid for chores, not &#8220;above and beyond&#8221; nor grades.  Though we home schooled, no attention was really put on a grade, just excellence in the school work.  Red ink on a page was punishment enough&#8230;. We all worked in the family, no one paid Mom for going above and beyond pulling out the stove and cleaning behind it &#8211; just had to be done.  Likewise, when a child did go &#8220;above and beyond&#8221; doing things with a cheerful, grateful manner &#8211; that is what was praised, attitude not actions.  However, it was taught that actions came out of attitude.  Teaching about money came through math class, and later when they had jobs at age 16 &#8211; no sooner.  Home life was more valuable.</p>
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		<title>By: Greg</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127927</link>
		<dc:creator>Greg</dc:creator>
		<pubDate>Thu, 22 Jan 2009 15:46:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127927</guid>
		<description>I am a father of a three year old and a five year old.

Whatever motivations works, i will try.

Example from the business world: What motivates a sales rep and a programmer are often very different.</description>
		<content:encoded><![CDATA[<p>I am a father of a three year old and a five year old.</p>
<p>Whatever motivations works, i will try.</p>
<p>Example from the business world: What motivates a sales rep and a programmer are often very different.</p>
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		<title>By: Cherie</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127909</link>
		<dc:creator>Cherie</dc:creator>
		<pubDate>Thu, 22 Jan 2009 13:56:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127909</guid>
		<description>This is so interesting to read!  Comments too.

I think I&#039;ve learned that it truly depends on the kid.  For example when I was young and naive and my kids were small LOL, I was first getting into the &#039;responsible personal finance&#039; thing after years of NOT.  So one idea I liked was teaching the kids about work and money and tying chores to allowance.

This SO did not work.  My kids response? Eh. I don&#039;t need the money [which is great - they are NO spoiled with &#039;things&#039; btw] 
So they didn&#039;t do the chores.  
Then I realized that part of life is dealing with your life, cleaning up, putting away, helping out etc.  And you should just do it because there&#039;s no cleaning service around here!  

We now handle things exactly how you&#039;ve outlined - for example my extremely &#039;motherly&#039; 10yo dd does not get paid for helping me out with her sibs on occassion, drawing a bath, finding a pair of shoes etc, but when we were on vacation last month and she was unrelentingly helpful WITHOUT being asked and truly made the trip so much more FUN for me by relieving some of our burden I a) told her often and b) bought her a little souvenier she wanted in appreciation [that she did not ask me to buy, she was willing to pay for it herself] and told her why.

When she&#039;s a little older I&#039;ll expect her to watch her sibs for a little while gratis when I drop one off at an activity just like I chauffeur her, but if I ask her to stay home on a Saturday night so I can go out with Dad I will pay her.</description>
		<content:encoded><![CDATA[<p>This is so interesting to read!  Comments too.</p>
<p>I think I&#8217;ve learned that it truly depends on the kid.  For example when I was young and naive and my kids were small LOL, I was first getting into the &#8216;responsible personal finance&#8217; thing after years of NOT.  So one idea I liked was teaching the kids about work and money and tying chores to allowance.</p>
<p>This SO did not work.  My kids response? Eh. I don&#8217;t need the money [which is great - they are NO spoiled with 'things' btw]<br />
So they didn&#8217;t do the chores.<br />
Then I realized that part of life is dealing with your life, cleaning up, putting away, helping out etc.  And you should just do it because there&#8217;s no cleaning service around here!  </p>
<p>We now handle things exactly how you&#8217;ve outlined &#8211; for example my extremely &#8216;motherly&#8217; 10yo dd does not get paid for helping me out with her sibs on occassion, drawing a bath, finding a pair of shoes etc, but when we were on vacation last month and she was unrelentingly helpful WITHOUT being asked and truly made the trip so much more FUN for me by relieving some of our burden I a) told her often and b) bought her a little souvenier she wanted in appreciation [that she did not ask me to buy, she was willing to pay for it herself] and told her why.</p>
<p>When she&#8217;s a little older I&#8217;ll expect her to watch her sibs for a little while gratis when I drop one off at an activity just like I chauffeur her, but if I ask her to stay home on a Saturday night so I can go out with Dad I will pay her.</p>
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		<title>By: Mary</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127908</link>
		<dc:creator>Mary</dc:creator>
		<pubDate>Thu, 22 Jan 2009 08:01:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127908</guid>
		<description>@Taylor - it sounds like your boyfriend&#039;s parents also got a good return on their investment in their son!</description>
		<content:encoded><![CDATA[<p>@Taylor &#8211; it sounds like your boyfriend&#8217;s parents also got a good return on their investment in their son!</p>
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		<title>By: SimplyForties</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127905</link>
		<dc:creator>SimplyForties</dc:creator>
		<pubDate>Thu, 22 Jan 2009 04:09:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127905</guid>
		<description>Every kid and every situation is different.  Some times you use whatever motivation works for your kids.  My kid always made good grades, without really trying, and so didn&#039;t need motivation in that area.  Alternatively, I&#039;m sure I bribed him for other things, as needed!</description>
		<content:encoded><![CDATA[<p>Every kid and every situation is different.  Some times you use whatever motivation works for your kids.  My kid always made good grades, without really trying, and so didn&#8217;t need motivation in that area.  Alternatively, I&#8217;m sure I bribed him for other things, as needed!</p>
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		<title>By: Jesse</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127904</link>
		<dc:creator>Jesse</dc:creator>
		<pubDate>Thu, 22 Jan 2009 01:04:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127904</guid>
		<description>Regarding the idea that &quot;kids shouldnâ€™t be paid to what they should be doing anyway&quot;, some might say that *adults* should be working anyway as well. An adult&#039;s labor has more of an impact on the world and is more useful to his fellow citizens than a child&#039;s schoolwork, so if we&#039;re going to say that either of those should be done for its own sake regardless of any reward, why choose the schoolwork?

Soon after I started high school, I stopped doing most of the assigned homework. Not because it was too challenging, or not challenging enough, but because I realized there was nothing in it for me, and I had other things to spend my time on. I received no satisfaction from getting A&#039;s in classes that didn&#039;t interest me in the first place, and I didn&#039;t buy into the idea that I should do whatever parents and teachers expected me to do just because they were born before me.

Toward the end, I was offered a monetary reward, and it helped somewhat. I finally had a reason to care about my grades: the schoolwork was the same, but doing it was no longer a waste of my time. It was too late to make much difference, though. I managed to graduate anyway, thanks to excellent test performance, but there was a huge gap between my final GPA and my SAT scores.

So the monetary incentive raised my grades, was that the right thing for my parents to do? I&#039;m not so sure. It raised my grades a little, but so what? Ultimately it made no difference. Even if they had started earlier, and I had graduated with a respectable GPA, so what? My high school grades are no more relevant to my life today than they were back then. The skills I use to earn a living as an adult are skills I gained by pursuing my own interests *instead* of doing homework! My folks could&#039;ve saved their money and made things easier on everyone by simply ignoring my report cards.</description>
		<content:encoded><![CDATA[<p>Regarding the idea that &#8220;kids shouldnâ€™t be paid to what they should be doing anyway&#8221;, some might say that *adults* should be working anyway as well. An adult&#8217;s labor has more of an impact on the world and is more useful to his fellow citizens than a child&#8217;s schoolwork, so if we&#8217;re going to say that either of those should be done for its own sake regardless of any reward, why choose the schoolwork?</p>
<p>Soon after I started high school, I stopped doing most of the assigned homework. Not because it was too challenging, or not challenging enough, but because I realized there was nothing in it for me, and I had other things to spend my time on. I received no satisfaction from getting A&#8217;s in classes that didn&#8217;t interest me in the first place, and I didn&#8217;t buy into the idea that I should do whatever parents and teachers expected me to do just because they were born before me.</p>
<p>Toward the end, I was offered a monetary reward, and it helped somewhat. I finally had a reason to care about my grades: the schoolwork was the same, but doing it was no longer a waste of my time. It was too late to make much difference, though. I managed to graduate anyway, thanks to excellent test performance, but there was a huge gap between my final GPA and my SAT scores.</p>
<p>So the monetary incentive raised my grades, was that the right thing for my parents to do? I&#8217;m not so sure. It raised my grades a little, but so what? Ultimately it made no difference. Even if they had started earlier, and I had graduated with a respectable GPA, so what? My high school grades are no more relevant to my life today than they were back then. The skills I use to earn a living as an adult are skills I gained by pursuing my own interests *instead* of doing homework! My folks could&#8217;ve saved their money and made things easier on everyone by simply ignoring my report cards.</p>
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		<title>By: Taylor</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127903</link>
		<dc:creator>Taylor</dc:creator>
		<pubDate>Wed, 21 Jan 2009 23:14:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127903</guid>
		<description>I was never paid for earning good grades; my boyfriend was.  We are both successful individuals (lawyers who met at a preeminent law school).  However, my grades were always good, and I was not motivated to try particularly hard, and thus received a B every now and then.  My boyfriend, also not a particularly motivated individual, was motivated to make good grades because there was a tangible reward - money - for his academic efforts.  Thus, he made straight As - and became valedictorian.  Which earned him a full scholarship to undergrad at a Tier 1 school, where his parents still paid him for good grades - which motivated him to continue making As - which resulted in a 3.95 GPA - which resulted in him getting a 1/2 scholarship to law school.  The amounts that they paid him for those As are laughable now - he earns that amount in minutes, but when you talk to him about it, he specifically studied hard for the monetary reward.  We attended the same law school, and I was admitted to the same undergrad that he attended. Our grades were similar in law school, our LSAT scores were similar. The only difference is that he walked away with very few loans; I walked away with $160K.  Looking back, I would have definitely been motivated to bring those handful of Bs up to As if I had a monetary incentive to do so, and I wonder if I would have qualified for more scholarships.</description>
		<content:encoded><![CDATA[<p>I was never paid for earning good grades; my boyfriend was.  We are both successful individuals (lawyers who met at a preeminent law school).  However, my grades were always good, and I was not motivated to try particularly hard, and thus received a B every now and then.  My boyfriend, also not a particularly motivated individual, was motivated to make good grades because there was a tangible reward &#8211; money &#8211; for his academic efforts.  Thus, he made straight As &#8211; and became valedictorian.  Which earned him a full scholarship to undergrad at a Tier 1 school, where his parents still paid him for good grades &#8211; which motivated him to continue making As &#8211; which resulted in a 3.95 GPA &#8211; which resulted in him getting a 1/2 scholarship to law school.  The amounts that they paid him for those As are laughable now &#8211; he earns that amount in minutes, but when you talk to him about it, he specifically studied hard for the monetary reward.  We attended the same law school, and I was admitted to the same undergrad that he attended. Our grades were similar in law school, our LSAT scores were similar. The only difference is that he walked away with very few loans; I walked away with $160K.  Looking back, I would have definitely been motivated to bring those handful of Bs up to As if I had a monetary incentive to do so, and I wonder if I would have qualified for more scholarships.</p>
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		<title>By: Susan from LI</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127901</link>
		<dc:creator>Susan from LI</dc:creator>
		<pubDate>Wed, 21 Jan 2009 21:11:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127901</guid>
		<description>Oh - and when it came to paying for college, my parents said they would pay for any class where I got a 2.0 or above.  If I got below that in a class, I had to come up with the money to reimburse them for that class.  THAT was motivating.  I never got below a 3.0.</description>
		<content:encoded><![CDATA[<p>Oh &#8211; and when it came to paying for college, my parents said they would pay for any class where I got a 2.0 or above.  If I got below that in a class, I had to come up with the money to reimburse them for that class.  THAT was motivating.  I never got below a 3.0.</p>
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		<title>By: Susan from LI</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127900</link>
		<dc:creator>Susan from LI</dc:creator>
		<pubDate>Wed, 21 Jan 2009 21:09:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127900</guid>
		<description>We give our son money to go out to lunch at school.  We give him a month&#039;s worth of money at a time and it is up to him to budget it accordingly.  If he blows all his money the first week, he doesn&#039;t get lunch the rest of the month.  We started this at the beginning of this school year, and so far, he&#039;s been doing great.  He&#039;s learning how to budget his money.

He gets good grades and we don&#039;t pay him extra money for his grades - however, if his grades are exceptional (an average over 97 or so), then I will give him a &quot;bonus&quot; - not a lot of money, but enough to show him that his hard work is appreciated and rewarded (usually about enough to buy a new CD). 

He also knows his good grades may be his ride for college and that&#039;s his &quot;real&quot; motivation for him to keep up the good grades.  

We get salaries for doing our jobs, and if we do an outstanding job, we used to get bonuses (I don&#039;t know anyone getting those anymore), so I think an occasional bonus for exceptional work is warranted with my child as well. 

But, results may vary - it definitely depends on the child, their level of self-motivation and the effort they put in to get their grades.</description>
		<content:encoded><![CDATA[<p>We give our son money to go out to lunch at school.  We give him a month&#8217;s worth of money at a time and it is up to him to budget it accordingly.  If he blows all his money the first week, he doesn&#8217;t get lunch the rest of the month.  We started this at the beginning of this school year, and so far, he&#8217;s been doing great.  He&#8217;s learning how to budget his money.</p>
<p>He gets good grades and we don&#8217;t pay him extra money for his grades &#8211; however, if his grades are exceptional (an average over 97 or so), then I will give him a &#8220;bonus&#8221; &#8211; not a lot of money, but enough to show him that his hard work is appreciated and rewarded (usually about enough to buy a new CD). </p>
<p>He also knows his good grades may be his ride for college and that&#8217;s his &#8220;real&#8221; motivation for him to keep up the good grades.  </p>
<p>We get salaries for doing our jobs, and if we do an outstanding job, we used to get bonuses (I don&#8217;t know anyone getting those anymore), so I think an occasional bonus for exceptional work is warranted with my child as well. </p>
<p>But, results may vary &#8211; it definitely depends on the child, their level of self-motivation and the effort they put in to get their grades.</p>
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		<title>By: Craig</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127899</link>
		<dc:creator>Craig</dc:creator>
		<pubDate>Wed, 21 Jan 2009 20:21:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127899</guid>
		<description>I think it&#039;s perfectly fine.  Growing up my parents used the reward system with me and grades and if my grades were up to their standards, I would receive a gift of my choice.  It taught me to work hard and you receive benefits from it.  I think it&#039;s good lessons for kids to learn and incentives are part of life.  A good learning tool and if it helps kids, why not.</description>
		<content:encoded><![CDATA[<p>I think it&#8217;s perfectly fine.  Growing up my parents used the reward system with me and grades and if my grades were up to their standards, I would receive a gift of my choice.  It taught me to work hard and you receive benefits from it.  I think it&#8217;s good lessons for kids to learn and incentives are part of life.  A good learning tool and if it helps kids, why not.</p>
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		<title>By: DebtFREEk</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127898</link>
		<dc:creator>DebtFREEk</dc:creator>
		<pubDate>Wed, 21 Jan 2009 20:02:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127898</guid>
		<description>At-a-boy Blue!  Yer my BOY Blue!!</description>
		<content:encoded><![CDATA[<p>At-a-boy Blue!  Yer my BOY Blue!!</p>
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		<title>By: Blue</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127897</link>
		<dc:creator>Blue</dc:creator>
		<pubDate>Wed, 21 Jan 2009 20:00:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127897</guid>
		<description>Don&#039;t make a promise your butt can&#039;t cash. Back in high school my dad promised me $50 for an A and $5 for a B. I&#039;ve always been the smartest guy in the class, but was making Bs and Cs at the time. The incentive gave me the motivation I needed, the next semester my dad owed me $300. Not only did he not pay me, he was pissed that I had been sandbagging all my classes. I finished highschool with a 3.0, and never did a lick of homework except for the semester I was promised the incentive. I don&#039;t harbor ill-will toward my father about the experiment. I just think things would have been less contentious had he kept his promises.</description>
		<content:encoded><![CDATA[<p>Don&#8217;t make a promise your butt can&#8217;t cash. Back in high school my dad promised me $50 for an A and $5 for a B. I&#8217;ve always been the smartest guy in the class, but was making Bs and Cs at the time. The incentive gave me the motivation I needed, the next semester my dad owed me $300. Not only did he not pay me, he was pissed that I had been sandbagging all my classes. I finished highschool with a 3.0, and never did a lick of homework except for the semester I was promised the incentive. I don&#8217;t harbor ill-will toward my father about the experiment. I just think things would have been less contentious had he kept his promises.</p>
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		<title>By: Amanda</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127894</link>
		<dc:creator>Amanda</dc:creator>
		<pubDate>Wed, 21 Jan 2009 18:50:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127894</guid>
		<description>I must agree with the no-money for grades on the &quot;you ought to be doing it any way&quot;.  The work you put into your education ultimately serves you the most, so it doesn&#039;t make much sense.  I also thought Jeff&#039;s comment about how easy school comes to certain kids is valid.  I generally coasted in straight&#039;s until I hit geometry, and received much poorer grades, but both parents had seen me working for hours a night on the subject.  Their outlook was &quot;I&#039;ll accept what you bring home, as long as you can look me in the eye and tell me this is your very best&quot;.  

Allowance was for chores, but it wasn&#039;t strict.  What was strict, was that on Saturday mornings when we (sister and I) got our allowance, a portion of it of our choosing went into our savings account.  We wrote our deposit slips, parents checked them and we went into to the bank to deposit them. This helps immensely when kids become adults and must balance a checkbook.</description>
		<content:encoded><![CDATA[<p>I must agree with the no-money for grades on the &#8220;you ought to be doing it any way&#8221;.  The work you put into your education ultimately serves you the most, so it doesn&#8217;t make much sense.  I also thought Jeff&#8217;s comment about how easy school comes to certain kids is valid.  I generally coasted in straight&#8217;s until I hit geometry, and received much poorer grades, but both parents had seen me working for hours a night on the subject.  Their outlook was &#8220;I&#8217;ll accept what you bring home, as long as you can look me in the eye and tell me this is your very best&#8221;.  </p>
<p>Allowance was for chores, but it wasn&#8217;t strict.  What was strict, was that on Saturday mornings when we (sister and I) got our allowance, a portion of it of our choosing went into our savings account.  We wrote our deposit slips, parents checked them and we went into to the bank to deposit them. This helps immensely when kids become adults and must balance a checkbook.</p>
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		<title>By: LW</title>
		<link>http://www.fivecentnickel.com/2009/01/21/should-you-pay-your-kids-for-good-grades/comment-page-1/#comment-127893</link>
		<dc:creator>LW</dc:creator>
		<pubDate>Wed, 21 Jan 2009 18:49:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.fivecentnickel.com/?p=2702#comment-127893</guid>
		<description>Great topic as usual.  I have a minor degree in psychology, and I&#039;m particularly interested in behaviorism.

You should provide positive reinforcement for desirable behavior to increase its frequency.  However, the key is this line in your post: &quot;we do give our kids a little something extra when they go above and beyond the call of duty...&quot;

There is a chapter on the book named &quot;Influence: The Psychology of Persuasion&quot; by Robert Ciadini, there was a specific chapter in which he mentioned that the key to deliver reinforcement is to find the minimum reinforcer for the situation so that when the reinforced individual think back, the reinforcer was so insignficant so that they think they did it because that was their preference.

I intend to reward my kids in the same fashion you outlined, and focusing on behaviors that requires active effort on their side.</description>
		<content:encoded><![CDATA[<p>Great topic as usual.  I have a minor degree in psychology, and I&#8217;m particularly interested in behaviorism.</p>
<p>You should provide positive reinforcement for desirable behavior to increase its frequency.  However, the key is this line in your post: &#8220;we do give our kids a little something extra when they go above and beyond the call of duty&#8230;&#8221;</p>
<p>There is a chapter on the book named &#8220;Influence: The Psychology of Persuasion&#8221; by Robert Ciadini, there was a specific chapter in which he mentioned that the key to deliver reinforcement is to find the minimum reinforcer for the situation so that when the reinforced individual think back, the reinforcer was so insignficant so that they think they did it because that was their preference.</p>
<p>I intend to reward my kids in the same fashion you outlined, and focusing on behaviors that requires active effort on their side.</p>
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