I'm about to speak in general, which is always risky, and I'm going to do it anyway.
For parents, in general, punishment is about venting our own anger at a situation or person. It doesn't teach much about the real world.
Consequences teach teens about the real world. A consequence is a result of what they did.
For a consequence to have it's best effect and to best teach about the real world, it needs to have the following six features: related, reasonable, respectful, swift, short-term and strong enough to get the attention of teens.
Let's take a brief and closer look at each of these six criteria:
1. Reasonable - "You are grounded for life!" is not a reasonable consequence, for teen or parent. "You have lost the privilege of using the car next weekend because you came an hour late" is a reasonable consequence.
2. Respecitful - You want them to feel bad about what they did not about who they are.
3. Related - The consequence needs to be related in some way to the rule broken. This helps teach causea and effect.
4. Swift - The consequence needs to come as possible after the rule is broken.
5. Strong - The consequence needs to be strong enough to get the attention of the teen.
6. Short-term - The teen needs to have an opportunity to better next time as soon as possible as well.
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