My kids have learned not only to save, but also to go earn their money. So many of their friends get an allowance just because. I feel this sets kids up to think they should get something for nothing in life and not something I want to do to them. So they earn their money not only by doing things around the house that is above their expected chores which is just part of being part of the household, but they also do odd jobs for neighbors.

By teaching them the value of money early (12 & 8) I am hoping they will have a much better handle on money and a better work ethic then most of the other kids their age. Time will tell.