Back in the day, kids were required to get good marks in their school. If they did not get good grades, they would be punished by their parents and teachers. However, as time goes by, this phenomenon has been changed completely. Some rewards are given to the children base on their grades by their parents, such as candies, toys or stickers. Nevertheless, when kids grow up, they will not be satisfied with childish motivations. In this case, money can be a great choice for those mature kids. Money can be a motivation to encourage students to study hard. The students will feel that their effort is worthy when they are remunerated. Compensation for children’s good grades can also nurture children’s concept about money. And the last, parents can refuse their kids’ unreasonable request of purchasing and let them earn it. In general, kids should get paid for good marks.
First, if kids get paid for good grades, they will be motivated to get high marks. As they grow up, their demands on variety things will increase as well. However, their parents will not always satisfy their children’s needs with everything. At this point, some children might be disappointed because they cannot get what they want even though they attain good grades. For instance, if a child wants an iPhone and the parents refuse the request because it is too expensive, the child will concentrate on the iPhone rather than study hard. Instead of saying “no” to the child, the parents can reward good grades so that the child will maintain good marks in order to buy the phone. Of course, when the child has enough savings due to good performance, the child will eventually received what he or she desired. Thus, money can be a great incentive for children to study hard.
Second, children will form financial concepts about the real value of money. They hardly know the purpose of money except it could be used to exchange with the goods they want. They did not know the