Motivate your child to save his pocket money for the things he wants. They need to know money doesn’t grow on trees! You can begin as soon as your child can count proficiently and understand the concept of money. The earlier your child develops the skills and habits of good money management, the better.
As your child gets the hang of how money and savings work, he will be able to stick to his savings plan and reach his goals. Then, you can introduce more sophisticated goals and saving methods.