Incentives

My husband and I receive a weekly paycheck for a job well done. Completing high school or college will earn you a diploma. Some children even get paid a weekly allowance to do chores.
While in our home it is not acceptable practice to pay children to be contributing members of the household, I do employ a reward system for completing school work.

Each child has their own color coded roll of raffle tickets. If they are able to complete all their assignments, they earn a ticket for that day. At the end of the week, the tickets can be used to "purchase" items from the "canteen". Each item in the canteen (18 gallon plastic tote) is labeled with a ticket value.
The children are in charge of managing their tickets.
The decide if they want to save or spend and how.
Tickets also hold value for TV and computer time.

Computer use as a reward happens only on the weekends. The established time limit is one hour on Saturdays and Sundays and NO internet. Each ticket is worth 15 minutes.

Ticket value for TV viewing is the same and is limited to 90 minutes on the weekends.

This system works well for us. It teaches about consequences, management and boundaries.