we set up the bad penny system so to speak. Actually we got the kids jars and marbles, a different color for each child. When the did something good they got to put a marble in their jars, when they did something wrong they would have to take a marble out. After "X" amount of marbles they got to do something fun, like either go for ice cream or I would make their favorite dinner.
I also believe in positive reinforcement so I praise my kids much more than I punish them. I agree you need to take a deep breath and relax a little, Also, if you tell them you are going to do something you need to follow through, so no idol threats. If you say you are going to punish them a certain way make sure it is something you will actually do.
at 4:23 PM on Dec. 21, 2010