1) Explain to your kids that you have to work in exchange of money.
2) Make saving a habit for them, so they don’t spend their money randomly.
3) Take your kids to the bank and explain to them what you are doing.
4) Teach them how to save money to achieve their goals, whether they are small or big ones.
5) Finally, when your kids save money, they learn its value and further appreciate the gifts you offer them.
