The Bank of Missouri's Show Me Savers account is a great way to start your kids saving money.  Here are some ideas for teaching them about money as published by the American Bar Association. 

Window Shop

Encourage your children to leave money at home when shopping with you. This will help them plan for a purchase rather than buy on impulse. The selected item can be purchased on a future trip to the store.

Bank on Knowledge

Bring your children to the bank and show them how transactions work. Ask the manager for a tour -- be sure to ask to see the vault! Ask to have bank functions explained.

Match Funds 

For younger children, agree to contribute to their short-term savings so that no goal is out of reach. You may decide to match dollar-for-dollar, or perhaps 50% of the amount they have saved.

Pique Their Interest

Open a savings account for each of your children. Review their bank statement with them to show how compound interest works.

Teach children how to budget allowances and spending money

Have them list expenses and income. Under expenses, include what they spend for movies, bus tokens, lunches, etc. Have them subtract expenses from income. Help them think of ways to reduce their spending. If their income is more than expenses, talk about a savings plan.

Use a glass jar as a clear way to watch savings grow

Instruct your kids to put loose change in the jar as a way of saving. At the end of the month, count up all the change and let them treat themselves to an ice cream or small toy.

Grocery List

Let your child make the grocery list, clip coupons and stay on a budget. Let them know how much things cost, which are the most important, which are the most nutritional, etc. They quickly learn that you are not just being mean when you won't let them get everything they want at the store and that you have to make decisions based on what is affordable, nutritious and practical.