We as parent often wonder if our kids really do think that money grows on trees. We all want things and our kids who live with us and watch what we do, will see the messages we are sending out.
All kids need to have a savings account and that can be a simple thing like a piggy bank.
Maybe your child works a part time job moving lawn or babysitting and maybe they get an allowance. No matter the resource of their money, they should establish a savings...