If you are going to give your kids an allowance, then take a little bit of time to actually them to save. Just can't give a kid five dollars and be like, g they spent most of it. I basically say to my kids, if at any point you ou have money from allowance, from working, from a birthday present, from wherever, that you want to save, then i will match it. And it's called the bank of dad. You double their money, provided that it's not withdrawn within a reasonable time. Thatreasonable time is essentially forever. This is a savings account that's not meant to be spent. It's really meant to be a savings account