Absolutely. First of all, it's one of the key lessons that will impact whether kids will do well in life 'cause saving teaches discipline and delayed gratification as well as goal-setting and planning. It builds security and independence. For example, kids will learn to live within a budget. And they will learn how to balance spending money on what they want now with saving for the future. Plus, having an emergency fund set aside to cover unexpected expenses will make kids' life less stressed. Another reason why it's essential to teach children to save money is that most children form core behaviors, which they will take into adulthood, by the time they are 7 years old.