I use an app (ClassDojo) for my 6-year-old. There are different skills that have different point values (bigger skill, more points). And we have a list of rewards that she can “trade” points for. Right now, she’s at about 100 points and is trying to save for a bike which is 500 points. It’s super easy for us because I can always just pull out my phone to give her points and she enjoys working towards the point goals.
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