It is very essential to teach children at an early age the importance of saving money. Teaching kids to save will show them the reality of real life savings and how we can't always get what we want right away if we just don't have the money saved up. Giving children an allowance is a great idea. They will learn to do various chores in order to earn money. Providing them with a cool bank to save money in is a great way to excite them about saving. Eventually, the child will feel accomplished from being able to save money.