Page 29 - magazine-jan-feb14

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reward,” says Dr. Steingiesser.
“In a family household, there
are expectations that every
member should fulfil and while
these responsibilities will vary
from family to family, most
families tend to expect a child
to keep their room clean, tidy
up after themselves and help
with the dishes,” she says and
these are fundamental tasks
that parents do themselves
and for which they do not
receive financial reward. The
same should apply to the
child. “Adults do not receive
payment for completing
household tasks such as doing
the dishes or making their
bed,” she says so as such, if
a child begins to expect to
get paid for completing such
tasks, this will serve to create
false expectations and leads
to the development of a false
reward system. “However
when parents assign spending
guidelines. Dr. Steingiesser
strongly suggests that it is
important that parents stand
firm and let their teenagers
experience what happens if
they engage in irresponsible
spending. “Furthermore,
if parents ensure that they
stick to the allotted amount,
teenagers are less likely to
request more funds,” she says.
“It is recommended that movie
outings with friends, birthday
gifts for friends, snacks/eating
out, magazines and most other
‘wants’ are covered by the
allowance.”
Rewards
Should money be used as a
reward or as a treat? “It is
important for children to
realise that with effort comes
reward, but also that a lack
of effort brings a lack of
Teenagers
Still it’s never too late to start
and even teenagers can be
taught effective ways and
means of saving money “It is
recommended that parents give
their teenagers a consistent
allowance,” she advises and
for this, there are varying
formulas that can help parents
decide how much to give their
adolescents and at what age
to begin providing them with
an allowance. “However it
is not the amount that is the
most important aspect of this
decision but rather that parents
give a recurring allowance at
the same time every week or
month,” she says and essentially
having a regular allowance
serves to provide children and
teens with a feeling of security
and something to look forward
to that is inherently theirs, even
there are certainly times
where providing a child with a
financial reward is acceptable,”
she says for example, if a
child does extra chores or has
achieved or accomplished
above and beyond the average,
then yes, a financial reward
can be encouraging as well
as rewarding. “Also it is
recommended that parents
avoid using money as a reward
for achieving good grades at
school,” she explains as there
are a number of long term
implications for parents to
consider before rewarding
good grades with money. “For
example, once the child has
proven they can earn good
grades, will the parent keep
paying?” she asks and if the
rewards stop, will the child
revert back to old study habits
and return to his/her pattern
of underachievement?
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