The reward should not be money or financial in nature. Base the reward on something that will reinforce your relationship and quality of time together such as a trip to their favorite destination, perhaps the beach, or cook them their favorite meal. Allowances, for example, send powerful and important conscious and subconscious message. It creates a connection between effort and earning, which is much more positive and powerful than children simply getting what they want on demand. Emphasize and teach positive money habits from an early age by tuning into your own behavior and the example you set as a role model.
Children learn by modeling-by what they see their parents do versus what they say.
Parents can make more of an effort to understand their own attitudes and feelings about money and the impact they make on how they save, spend and manage the family finances. Kids aren't taught essential money skills in schools so they have to be taught at home. Without basic education and skills on how to budget, use credit wisely, and prioritize their expenditures, kids may mismanage their money. Become more comfortable talking about money with your children. Money can be taboo and many parents feel awkward about exposing their own lack of skills and abilities, knowledge and personal financial information.