I think a good way to teach kids about saving is money is to have them start researching their purchases. When they want to buy something with their own money, have them get involved in finding the best deals. Even if you're paying for the item, it could work. You can teach them good shopping techniques and then let them pocket the amount of money saved (or put it into a bank). For example, if they want to buy a toy, and they find it on sale for $5 of, you let them keep the extra five bucks to reinforce the benefits of learning to save money. Thoughts?