Try not to get too complicated in your explanations when teaching kids about money
, as young children will get bored quickly - especially if they don't understand what you're talking about. Use examples that your child can understand - saving for a car won't mean as much to a five year old as it will to a 15 year old. Most parents find that once their children start earning their own money, they shop more carefully and take better care of the things they've bought - because they've paid for it with effort.