If you have saved and invested thoughtfully throughout your life for long term goals, your kid will do the same as an adult. Plan and save systematically for the future.
Involve your kids and make them understand the process of saving and investing. The kids will eventually learn to take financial responsibility and become disciplined when it comes to money. They will also learn the importance of saving, realizing a financial goal by planning properly and the understand the power of compounding.
Set an example for them and show how to handle money. Start saving for child education and talk to them about tuition fees and saving money in college. Your teenager may end up being well-versed with money than algebra!