MoneyWould you pay your child $100 for making the honor roll? Or $20 for each A? Some parents swear by monetary grade incentives, reports the Hartford Courant. Others say the practice sends the wrong message, and the good behavior will disappear if the reward does. They also worry it may cause parents to ignore the root causes of poor grades, such as depression or learning difficulties.

My immediate reaction is that I personally wouldn’t want to do this. I think children need to learn there are some things one should strive for because they have inherent value, not because there’s a cash reward. Paying cash for grades risks leading to an overemphasis on money as the most important goal in life. (Not that it’s insignificant, but one should strike a balance.) I also believe there should be as much reward for a good effort as for achieving any particular grades or honors. Lastly, I wonder how many of these parents giving their children large sums of cash are also instructing them in good financial habits (saving, shopping for the best value, etc.)

Having said that, I don’t want to be categorical about this. There are as many different situations as there are parents and children. I’m sure there are some cases where a monetary incentive—one-time or ongoing—has a positive effect in both the short and long term. Thoughts or experiences from anyone else?