Rewards Greater Than Money

Pay kids for grades? A teacher makes the case that rewards of trust, responsibility and opportunity are more productive -- and realistic.

My columns on paying for grades (see Pay Kids for Good Grades? Bad Idea and Readers Defend Paying for Grades) continue to generate lively, often heated, responses. A reader named Norm puts it bluntly: "Pay kids for good grades? Are you kidding? No way! Let's pay them for chores around the house and let them learn the satisfaction of responsibility, which many kids today don't even know the definition of."

Reader Joanne Friedman has spent most of her adult life as a teacher in a public high school, working with students at all ability levels. Based on her experience, Friedman writes, "I can state unequivocally that paying for grades is counterproductive." Her thoughtful letter continues: "Eventually kids enter the real world, where only some work is rewarded with cash, and they seem shocked to discover that not everything they do is worthy of pay. In many cases, confusion, anger and depression follow. Those students never learned the concept of responsibility to the community as a whole, to their families, or to themselves.

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Janet Bodnar
Contributor

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.