Using the Kidbudget workbook, kids learn to set long-term and short-term goals. They make a promise to put aside a certain percentage of what they earn towards these goals. Teaching this principle when kids are young will help raise responsible adults
Pay Yourself First
It doesn’t really matter what you are saving for, what matters is that you make it important to pay yourself first. Before you spend money on all the little odds and ends that seem to creep up, take out a percentage and put it towards a long-term goal. You will be so much more ahead in the long run.