I think teaching your kids Financial Literacy and view about money is very crucial for their future.
It is good to develop your kids the habit of saving and investing even though they are still young.
it is good to teach them how to manage their allowance and how to spend it wisely. Our kids is the future of our nation.
The problem is that how can we teach our kids when we ourselves is not financial literate.
Some Tips from Warren Buffet. This is very good. ("I still like equities over bonds, cash." - Warren Buffet)
YouTube - Warren Buffett on Teaching Kids Finance