Once young kids understand how saving money works and how they can benefit, they are often eager to get started. Help your children choose a couple items or activities as savings goals, that aren't too different.
You might also want to establish a mandatory category with a set amount of savings. For example, gifts for brothers or sisters, Sunday school offerings etc. Even a small percentage, maybe a nickel or dime out of each dollar of allowance can go a long ways in teaching values such as generosity and discipline.
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