If you can teach your kids to handle money and get their butts out of bed with an alarm clock they will be way ahead of 80% of their peers when they turn 16. When my wife was pregnant she read all kinds of scary books about childhood rashes and potty training. I read The First National Bank of Dad. It is a very smart book about how to teach your kids about money.
One of the basic concepts is that a kids idea of the future is much shorter than yours, so the benefits of saving have to come much more quickly. Asking your kid to save a dollar in a bank account to get an extra penny in a year is not going to teach the lesson you want her to learn. The solution is that you start your own bank for your kid and pay an interest rate that is appropriate for her age.