Many parents who are willing to pay their children for good grades will argue that it is a child’s job to go to school and learn. Therefore, they should be compensated for positive results just as they are at their jobs. If you ask me, this would be the weakest argument for those on the “pro” side of this practice Sample Essay #1: My mother loves telling the story of my response when my parents asked me what I wanted for my third birthday. I responded by pounding both fists against my chest and jerking violently. Eventually they realized that I wanted defibrillators, as seen on Even though many parents believe that motivating their children by giving them money will help them do well in school, parents expect too much from their children. Not every child can achieve good grades every time. Some children may have learning challenges that need to be addressed instead of being pushed to attain good grades
Should Parents Pay if Their Kids Get Good Grades?
Twitter Facebook Pinterest LinkedIn Email. Did your parents decide to add a little extra incentive to your school work by bringing money into the fold? Is this a smart move, or could it be sending the wrong message, both financially and academically? Therefore, they should be compensated for positive results just as they are at essay many parents encourage the children to study well by giving extra money jobs.
Logically speaking, it does make sense, but one could counter that not all jobs are rewarded with money. Parents do not clean the house for money. People at unpaid internships get nothing but experience and networking opportunities. For example, personal growth is one of the main benefits of learning in a classroom with fellow students, which should be payment enough for children.
Salespeople often get bonuses essay many parents encourage the children to study well by giving extra money high sales numbers, so why not apply this same philosophy to your student in hopes that the potential for income increases effort?
Thus, the promise of getting paid as a reward for good grades is not really a reward. The same argument can be applied to a child that you pay to do tasks around the house. To be effective, essay many parents encourage the children to study well by giving extra money, you must first teach your children how to handle money.
This practice can also get the parents into a bad mindset of thinking money is all that matters to the kid. Would the parents take away driving privileges and time away from friends? Or would they simply threaten to stop paying the kid money? Is the threat of lost money truly enough to entice the student to buckle down and do what is necessary to turn things around in school? Interestingly, schools themselves have started to pay students for earning good grades.
Times article that tests this out:. And the Harvard economist who created the program is joining the inner circle of Schools Chancellor Joel I. Klein, according to an official briefed on the hiring. After the proposed payment plan for students, over schools experimented with it in New York City.
With apparently moderate success, other cities have adopted some of the same ideas. Standardized tests can also teachers and school officials monetary rewards. Perhaps in the future, it will not even be up to the parents whether or not to pay students. The child needs to know why he is being paid for good grades and why a good education is so important.
To make the financial incentive worthwhile, you also need to teach your children the important of savings and how to manage their money. Skip to content Advertiser Disclosure Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.
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Advertiser partners include American Express, Chase, U. Bank, essay many parents encourage the children to study well by giving extra money, and Barclaycard, among others. Kids Should Parents Pay if Their Kids Get Good Grades? By Matt Breed. FEATURED PROMOTION. High School Grads: Start College in Fall or Take a Gap Year? TAGS: Twitter Facebook Pinterest LinkedIn Email. Stay financially healthy with our weekly newsletter.
Matt Breed. You are looking at Matthew Breed. He is a 30 year old sports nerd who lives in North Florida with his fiancee, Sarah. Originally in school for a Business degree that did not work out due to capricious youth and irresponsibility, he is currently "getting past" his Peter Pan syndrome and attends classes for a degree in Information Technology while working full time.
His care for personal finance stems from a modest upbringing with fiscally responsible parents who highly value education and frown upon frivolity. Discover More. Kids How to Help Your Kids Prepare for Financial Independence at Every Age. Kids Teaching Kids About Money - Should You Be Honest About A Difficult Financial Situation?
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Even though many parents believe that motivating their children by giving them money will help them do well in school, parents expect too much from their children. Not every child can achieve good grades every time. Some children may have learning challenges that need to be addressed instead of being pushed to attain good grades Nov 22, · Sample essay. Teachers give homework to ensure that students revise their lessons at home. This aids the process of learning. However, if too much homework is given, it will put students under tremendous pressure and affect their performance in school. This, however, does not mean that homework should be abolished Sample Essay #1: My mother loves telling the story of my response when my parents asked me what I wanted for my third birthday. I responded by pounding both fists against my chest and jerking violently. Eventually they realized that I wanted defibrillators, as seen on
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