I completely agree w/happy1 and blue824- children especially at that age should not be taught to associate grades w/money. My parents are extremely well off, but I never got a $200 bag until college (and that's from saving my allowance money which came from them and adding some on through my own part-time job). Now, I know everyone's different, but at a younger age, I'd think kids should have better things to focus on. For me, the few times I tried linking good grades w/goods when I was young, the more my parents did not give me, just to make the point that I should be studying hard as a student b/c that was my job at the time and that to get grades is doing myself a favor, NOT doing my parents a favor.