My Blog
Should kids be rewarded with money?
Written by Margaret Johnson | Thursday, 01 December 2011
This is a million dollar question. The Globe and Mail brought the familiar topic up in November. As I read the article I couldn’t help thinking about Pavlov and his famous experiments on conditioning behaviour. Money has been widely accepted as a positive reward, but how money influences human behaviour is a little more complex than ringing a bell to get a dog to salivate or getting kids to act in a certain way by waving a dollar bill in front of their noses.
The Globe and Mail article gives a few examples how money can be a motivator like paying kids $20.00 for every A they received on their report cards. They admit the experts and parents are split on whether paying for performance is a good idea.
It was at this point when I couldn’t take it any longer. What experts are they talking about? Psychologists? Social Workers? Bankers? Credit Counsellors? Who was the study group? Where did they live? What were their income levels? Occupation? Age?
Kids and Money 101
Written by Margaret Johnson | Wednesday, 12 May 2010
Teaching your children money management
I volunteer to teach money management to schoolchildren as part of my personal commitment to the youth of today. I start each class by asking, "Where does money come from?"
One grade four student answered emphatically "The machine," so I probe further. "What do you do when the machine runs out of money?"
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