8. Play with money, literally. By the time your kid is old enough not to put coins into her mouth, you can explain how many coins make up a dollar and so on. Slowly move into teaching them to make change, a valuable skill that will help put math into practical use. 9. Your child’s first savings account. As soon as they can read, open an account for your kids where they can deposit any money gifts or allowances they receive. Review the monthly statement together and point out how their money is growing with each deposit and with the interest it earns. Encourage them to save for special things they want.