A good start for kids....
When my son was old enough (kindergarten) to understand the concept of money I wanted to teach him the joys of spending his own money on an item he wanted, SAVING and also GIVING TO CHARITY. I came up with a plan. He received an allowance every week (when he was 5 years old he would receive $5, when he was 6 yr old $6 and so on). This allowance was split up and he had to give to charity at least $1 per week (sometimes he would give more) and put half of what was left into savings and the other half into his wallet for him to spend freely. He is now almost 16 years old and we continue with this model and it has worked out great. He finds a charity once a year and donates the sum of money he set aside for charity. He always says that it makes him feel good! He also has a healthy and growing savings account. I have to say that as a teen I can see the influence this has had in him. Now I hope he will always apply what he has learned when he reaches adulthood.