My 5 year old is getting to a stage where I think he needs to start learning about money. How it is earned, how much we can spend (budgeting) and what can be saved. I think he has a fair idea that mum and dad work to earn money. But he keeps losing his toys at school without any sense of financial loss, despite repeatedly explaining to him that his head mum and dad have worked hard to buy toys. I don't know if I am being difficult in expecting him to keep track of his toys while at school. He has some developmental issues (mainly speech and sensory processing) - but I think keeping track of toys is something that is not very challenging. We keep teaching him about buying groceries on sale and how paying less for more means more money in your pocket. However, I think I want to come up with a better framework over all as the 3 year old daughter will also soon need to be taught. I am fundamentally against the idea of giving money as allowances or payments for daily chores. Chores have to be done. End of story. Giving a hand in throwing trash, doing dishes etc is a part of their routine. I make sure its every alternate day now. It will soon be daily. I don't want to start the habit of pocket money as neither me nor my partner have ever gotten pocket money and are not equipped to monitor or teach about pocket money. Anyway, I am looking for robust overarching ideas regarding money. One of them that I am thinking is, that we buy back containers from our kids - little plastic probiotic bottles, milk cans, etc and give them a dollar each for them. Put the money in visible jars and make them take the jars to the shops when they want to buy a toy and help them make the transaction. I can't think of anything bad (wrong habits) that will happen due to this - other than they wanting to purchase more probiotic bottles. I don't know yet how the milk cans selling will happen - there's only ever one milk can going to the bin every 2/3 days. I'd be grateful for some ideas please. They can be what you did with your kids - or what you now think should have been done. Or even any techniques that you've simply come across, which have impressed you. Since I have almost never had a healthy relationship with money I want to make sure my kids dont pick it up from me.