A week ago, I read in the TODAY newspaper about a man teaching his 10-year-old son the importance of saving.  He bought his son three coin banks.  They are designated for "Charity", "Saving" and "Spending" respectively.  10 per cent of his son's pocket allowance goes into the Charity coin bank, 30 per cent goes into Saving and the remainder goes into Spending. I laud the man for his effort.  Financial education starts in the family.  Even with my three-year-old son, I try my best to illustrate the concept of money through playacting -  He serves me a cup of imaginary cappuccino; I pay him a $1 coin for the service. Kids should learn from young that nothing comes free.  Money is earned through effort.  My son bombards me with unceasing "I Want" requests all the time.  Sadly, he still cannot differentiate his wants ......