Common Cents: Payday on Report Card Day?

Whether report card day is filled with excitement or apprehension at home depends on a child's academic performance as well as how they are motivated to learn.

Psychologists, parents and teachers have long debated
the pros and cons of the money-for-grades issue. What
are the costs and benefits of using incentives for grades?

The Common Cents article, Payday on Report Card Day?, discusses how small rewards for good grades can keep kids on track without the bribe effect.

Suggestions for additional non-fiction and fiction books are also provided. (This article was featured in the Winter 2011 issue of TEN Magazine.)

Download Common Cents: Payday on Report Card Day?

Suggested use
Use the article to consider how you can reward a student for a job well done in school. Put it in writing and keep the list visible as a reminder of the recognition he or she will receive.

Target audience
Parents, Teachers, Students

Grade level

Key concepts
Personal finance, incentives


Additional resources

About Common Cents

Common Cents is written by a Kansas City Fed staff member with more than 30 years of teaching experience. The column appears in TEN Magazine, the Kansas City Fed’s quarterly publication. Subscribe to TEN Magazine.