Parents (and now some schools) have often given money for good grades as a tool to motivate their kids to do well in school. During my years as teacher and principal of a private Christian school, I knew about it happening at all levels, from kindergarten through high school. The rates I heard varied from $5 – $100 being offered by parents for kids earning A’s in a class.
Start calculating that out over 6 or 7 classes and it makes me want to go back to school. Seeing that I was a straight A student I would have made a killing.
Some parents had higher standards that required their child to get A’s in all classes in order to receive any money. The theory behind that approach is to develop a well-rounded child who excels in everything. Make them work hard in every class to get rewarded.
Neither of these options ever felt right to me. So early on my wife and I decided we would never give our kids money for good grades. Here’s our reasoning and what we chose to do instead.
Why We Are Not Giving Money For Good Grades
The biggest reason we do not give our kids money for good grades in school is…