April 03, Due to weather and traffic conditions, all classes and events that start at 5 p.
May 12, Paying kids an allowance for getting good grades is a controversial subject in some circles. Those who advocate it — like I do — have a variety of reasons for giving our children an academic allowance.
Other supporters note that an allowance for good grades requires kids to earn that money — instead of just passively receiving cash every week for doing nothing at all.
Critics also say that an allowance tied to grades sets kids up to lack motivation, in school and elsewhere, unless cold, hard dollars are at stake. While I understand those criticisms, I respectfully disagree with such concerns. Here are 5 reasons I pay my children an allowance when they get good grades — and why you might consider doing so with your own kids as well.
Motivation comes in many ways and from a variety of sources. My two older kids, who are in 11th and 8th grades, respectively, love to make the Honor Roll, to ace a tough test or a particularly challenging class, and to excel in school in general. But they also love be financially rewarded for doing well.
My kids know that at the end of each marking period, if they have a 3. As a result, the simple truth is: No academic allowance is given for grades below a B. Here is a copy of our Academic Incentive Program worksheet. It can actually save our family money in the future Even though we are paying our children an allowance tied to their grades earned today, my husband and I are keenly aware that this strategy may actually save us big bucks down the road.
How is this possible? We know that high-achieving students are more likely than other classmates to earn scholarships and merit-based aid when they enroll in college. And since paying kids for good grades can give them extra motivation to shoot for those As, we consider it something of a strategic investment.
We recognize, of course, that a huge number of factors determine whether a student wins merit aid from a higher education institution or a third-party scholarship provider.
But having excellent grades certainly tips the scales in their favor. At the very least, it can only help. As it turns out, two colleges that are high on her list: If her academic performance was rooted — even in the tiniest way — in her being having been a studious adolescent, then I will consider those dollars paid for grades well worth it.
It reinforces our financial values and reiterates the importance of education to my children In my church, my pastor is fond of saying: For the things that we prioritize — education, travel, retirement and so on — we gladly spend or allocate money.
So by paying my kids when they get good grades, it reiterates the message we teach them about being conscious about your financial decisions and spending money on things that really matter.
I guess you could say it helps keep their teachers from having to contact me about grade issues. I also appreciate that, at the middle school level, teachers will let me know in a heartbeat when something goes wrong. I mean for the problem stuff — like missing homework, forgotten assignments or grades that are slipping.
In a nutshell, these are the reasons I give my children an allowance when they receive high marks in school. Others may disagree, but it works well for our family. Do I want my kids to enjoy and pursue learning for its own sake? Of course I do. So yes, it would be wonderful if my kids did all their book learning completely unprompted, the way they pursue some of their other interests outside the formalities of a classroom and structured homework.Peterson's Blog gives you info about the college you're considering attending, tips for test prep, help with student loans, college life guides and more.
We know that high-achieving students are more likely than other classmates to earn scholarships and merit-based aid when they enroll in college. And since paying kids for good grades can give them. Buy essays that perfectly suit your requirements.
Professional writers and lowest prices on the web! Constant discounts and guaranteed quality! Sep 13, · Students lose out when parents pay out, Try these better strategies to help them get their work done. Why You Shouldn’t Pay Children for Grades. By Amy McCready September 13, am September 13, am.
Photo. Credit Illustration by Allison Steen “My kid’s job is school. So why shouldn’t I pay her for good. We know that high-achieving students are more likely than other classmates to earn scholarships and merit-based aid when they enroll in college.
And since paying kids for good grades can give them extra motivation to shoot for those As, we consider it something of a strategic investment.
Lynnette Khalfani-Cox, The Money Coach, is . In addition, students should get paid for good grades, because they can save up thier money for whatever they wish to buy.
Students can learn how to save up their money and how to use it correctly. For example, by the time the student reaches college, they should have alot of money saved up.