Comments on: Should you pay your children to read? I don't think so! http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/ How to make 7 million in 7 years ... Mon, 15 Mar 2010 03:40:08 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: AJC http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-525 AJC Thu, 27 Mar 2008 03:17:34 +0000 http://7million7years.com/?p=86#comment-525 @ C - Thanks for your comment ... we do similar with our two children. Now, let's hope it works! @ C – Thanks for your comment … we do similar with our two children. Now, let’s hope it works!

]]> By: C. http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-524 C. Thu, 27 Mar 2008 02:29:32 +0000 http://7million7years.com/?p=86#comment-524 DH and I have struggled for quite some time w/how to handle allowance/money in general w/7 y.o. DD. We wanted to give her some $$ on a regular basis but have never been thrilled w/the idea of tying it to chores, etc. We recently decided to start giving her 20.00 at the beginning of each month to do w/whatever she pleases. If she wants to spend it all that is fine since she will learn the value of her money. However if she chooses to put all or part of it into her savings account we match the amount (she's very aware that she makes interest and loves getting "free" money!). Also, if she chooses to donate all or a portion to charity we will provide a match. So far so good, but as mentioned this is a fairly recent development. Thus far she's put it in savings :) DH and I have struggled for quite some time w/how to handle allowance/money in general w/7 y.o. DD. We wanted to give her some $$ on a regular basis but have never been thrilled w/the idea of tying it to chores, etc. We recently decided to start giving her 20.00 at the beginning of each month to do w/whatever she pleases. If she wants to spend it all that is fine since she will learn the value of her money. However if she chooses to put all or part of it into her savings account we match the amount (she’s very aware that she makes interest and loves getting “free” money!). Also, if she chooses to donate all or a portion to charity we will provide a match. So far so good, but as mentioned this is a fairly recent development. Thus far she’s put it in savings :)

]]> By: AJC http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-523 AJC Thu, 27 Mar 2008 00:24:31 +0000 http://7million7years.com/?p=86#comment-523 @ financial gal - I'm not against a nice handout ... it's the relying on it that I don't like ;) @ financial gal – I’m not against a nice handout … it’s the relying on it that I don’t like ;)

]]> By: financialgal http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-522 financialgal Wed, 26 Mar 2008 23:38:26 +0000 http://7million7years.com/?p=86#comment-522 Paying kids to read is the lazy way out for schools to teach reading. It's a lot easier to get kids to comply when you waive a wad of cash in front of them. But what lesson are you really teaching them? Are they going to expect cash payouts for doing their homework or taking tests? Where do you draw the line? Let the kids discover the fun of reading on their own. Otherwise they might be bunking on your couch as adults waiting for the next handout. Paying kids to read is the lazy way out for schools to teach reading. It’s a lot easier to get kids to comply when you waive a wad of cash in front of them. But what lesson are you really teaching them? Are they going to expect cash payouts for doing their homework or taking tests? Where do you draw the line? Let the kids discover the fun of reading on their own. Otherwise they might be bunking on your couch as adults waiting for the next handout.

]]> By: AJC http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-521 AJC Wed, 26 Mar 2008 18:42:23 +0000 http://7million7years.com/?p=86#comment-521 @ Saving Diva - Dang ... now, I'll have to delete this entire post and issue a retraction ;) On the other hand, I think my issue is mainly with parentsdoing the paying, not so much with a little competitive spirit ... although, quality counts, so if you are just reading the Coke Tastes Better than Pepsi series of children's books to win some MyCoke Rewards, I might still have an issue! @ Saving Diva – Dang … now, I’ll have to delete this entire post and issue a retraction ;) On the other hand, I think my issue is mainly with parentsdoing the paying, not so much with a little competitive spirit … although, quality counts, so if you are just reading the Coke Tastes Better than Pepsi series of children’s books to win some MyCoke Rewards, I might still have an issue!

]]> By: SavingDiva http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-520 SavingDiva Wed, 26 Mar 2008 16:32:29 +0000 http://7million7years.com/?p=86#comment-520 I have to admit that a lot of my reading in elementary school was driven by prizes. I read at least 5 books a month for Book-It (I wanted that personal pan pizza from Pizza Hut). I also read every book in the school library reading program to get a large candy bar (it was a Symphony w/ toffee--is it bad that I still remember it) every year (1st-5th grade, about 30 books in 2 months). I also participated in the summer reading program at our local library to get bookmarks and other silly little prizes... I have to admit that a lot of my reading in elementary school was driven by prizes. I read at least 5 books a month for Book-It (I wanted that personal pan pizza from Pizza Hut). I also read every book in the school library reading program to get a large candy bar (it was a Symphony w/ toffee–is it bad that I still remember it) every year (1st-5th grade, about 30 books in 2 months). I also participated in the summer reading program at our local library to get bookmarks and other silly little prizes…

]]> By: AJC http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-519 AJC Tue, 25 Mar 2008 21:17:34 +0000 http://7million7years.com/?p=86#comment-519 @ Supreme - if you don't want your kids to go humgry when they're older, teach 'em to fish ... don't just hand them a plate of sushi! @ Supreme – if you don’t want your kids to go humgry when they’re older, teach ‘em to fish … don’t just hand them a plate of sushi!

]]> By: asupremenewyorkthing http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-517 asupremenewyorkthing Tue, 25 Mar 2008 14:18:52 +0000 http://7million7years.com/?p=86#comment-517 The direct and almost immediate incentive of cash will shorten the money "attention span." You want them to work for the long term and giving them cash would definitely not promote that. You want them to derive an incentive from the reading itself and that required education. The direct and almost immediate incentive of cash will shorten the money “attention span.” You want them to work for the long term and giving them cash would definitely not promote that. You want them to derive an incentive from the reading itself and that required education.

]]> By: AJC http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-518 AJC Tue, 25 Mar 2008 03:00:36 +0000 http://7million7years.com/?p=86#comment-518 @ blogrdoc - we're operating on the same wavelength. @ vanessa - if they want more ... they will have to work for it; if his ebay business continues to grow, at 16 I expect my son will be rich enough to employ me ;) It's his choice where to invest his money ... @ blogrdoc – we’re operating on the same wavelength.

@ vanessa – if they want more … they will have to work for it; if his ebay business continues to grow, at 16 I expect my son will be rich enough to employ me ;) It’s his choice where to invest his money …

]]> By: Vanessa http://7million7years.com/2008/03/24/should-you-pay-your-children-to-read-i-dont-think-so/comment-page-1/#comment-516 Vanessa Mon, 24 Mar 2008 15:11:22 +0000 http://7million7years.com/?p=86#comment-516 First off, I think it is great that you are teaching your kids about money. When did you start to give them (their age)*2 a month? The problem with that approach is that age 16 when they can drive they are only getting $30 a month, which is barely enough for a drop of gas these days, So would you support them getting a part time job so young? Also I think it is great that your son has his own ebay business and is making so much money, But don't you think you should let him pick his own investment vechile? that way he can learn more about that side of money magagement First off, I think it is great that you are teaching your kids about money. When did you start to give them (their age)*2 a month? The problem with that approach is that age 16 when they can drive they are only getting $30 a month, which is barely enough for a drop of gas these days, So would you support them getting a part time job so young? Also I think it is great that your son has his own ebay business and is making so much money, But don’t you think you should let him pick his own investment vechile? that way he can learn more about that side of money magagement

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