If my dad would’ve rewarded me with money every time I got good grades he would have been broke but instead he and my mom simply said they were proud of me and want good grades all the time. As they did with all 5 of my siblings. I have 2 children of my own ages 5 and 8 and to them it means so much if their mom and dad say “wow I am so proud of you”or “wow you’re so smart and a really hard worker” this a confidence builder that is rivaled by none. If they know that their parents think they’re capable of doing a good job then they’ll try harder at whatever they do.
If you give them money anytime they get good grades then they’ll do anything to get good grades without knowing the true value of hard work.(i.e.cheating). What we do with our kids is read to them every night and let or make them read as well this has helped my 5 yr old learn how to read already and my 8 yr old is reading at a 6th grade level already. So I know it works I let them try to do things without having a clue. They need to learn what failing is like so they know how to learn how to succeed.Giving them money every time they get good grades teaches them that any time they do something good they should get paid for it. On top of that how will you know if they truly studied or if they did just enough to get good grades so they make money.
I believe that teaching your children values like that is just as important as them learning math,science,grammar or whatever they need to learn. In today’s world of cell phones, iPads, iPods, laptops and computers everything is right at your fingertips. Your children need to learn the importance of hard work for little or no return so that when that day comes when that will happen and it will. They will do it without whining or asking whats in it for me. To teach and show your children that hard work is a virtue and not a payday it will teach them respect for themselves,respect for their peers and respect for other people in general. There is no substitute for hard work and kids nowadays need to know that. Nothing should be handed to you. When you see movie stars, pro sports athletes making millions of dollars for doing things that really aren’t worthy of what they get paid.When a kid sees this type of lifestyle they want it to but all they think about is the money and not the hard work that goes into it so it tells them do whatever it takes to make that money. Children need to stretch themselves as far as they can go and expect nothing but being that much smarter or a better person not a 20 dollar bill.
In my opinion To pay your child to get good grades is a terrible idea mostly because it is teaching them that money is the reward for doing what you should be doing anyway. Parents need to get their children to understand what it means to do hard work and get what they deserve from it.
I do believe rewards are a good idea when children do well but just do it a different way such as taking them to a movie or renting that movie they always wanted to see or buying the toy that they wanted for xmas. Making an extra effort also shows the child that you care that much more than just handing them money .One more thing about handing them money when they do well is do you know what they’re going to do with that money? If you control the reward then you know exactly where it goes.