[sloaken]

NO

When I was younger my dad paid us. When I had kids I did not. When we were having our first child I thought back and realized a few key points from my childhood:

Giving a child an allowance, and making them pay for their WANTS from the allowance is the cheapest financial education.

Being involved in their education is the best motivator for good grades. Getting money was nice, but knowing my parents cared about education drove me to care.

To be involved means spending time EVERYDAY talking about their school and homework. Asking if they have homework is better than nothing, ask 'what is the homework' is better. Discussing the homework is best.