Provide your kids with a piggy bank where they can place their savings. During vacation time, allow them to do chores with friends and neighbors so they will know how to value work.
Motivate your children by reminding them about what they are saving for. Maybe, notations like “for my new bicycle” provide a positive energy for your kids to keep on saving.
Finally, teach them to tithe. Tithing is God’s principle for financial blessing. Teach them to set aside a tenth of their weekly allowance. Let them drop the tithes in offering box at church during Sundays. Encourage them that the provision of your daily need come from the bountiful grace of God.