Great family idea. Put on the fridge. Great for when kids get older and their feelings aren't quite as obvious. Helps them say where they are at without "saying" it. I would just make the chart less "elementary" for that age group. We made something similiar in MOPS one year. Going to try it this summer!
ChartChums- a blog about utilizing anchor charts in the classroom by Marjorie Martinelli and Kristi Mraz. They are the auhtors of Smarter Charts: Optimizing an Instructional Staple to Create Independent Readers and Writers (published by Heinemann in 2012).