Creative way to teach kids about money :

Every bit of money a child earns either from allowance or grandparents should go in a sort of savings . Either create one at the bank ( some offer kids special rewards ) or a piggy bank . And the next time you go shopping or out to dinner and your child ask to buy something they can pay for it themselves . If it's too expensive tell your child that it's going to have to wait until you earn more money . Offer tips on how to make up the difference . Like Dad needs his car cleaned out . It shows that money doesn't grow on trees and everything you want is earned . Plus they will like spying for things on their own .