Website aimed at teaching kids how to save money

If you are struggling to teach your child the value of money, a new website can help you out.

Its called Kidworth and it's a virtual bank where kids can see how much they are spending and saving. If your child wants a certain toy, the website can help set up a savings goal for them to meet.

You can also get family and friends involved. Kidworth offers an email sharing option, as well as connecting you to several social media platforms.

It is free to set up a Kidworth portfolio for your child. Experts say its important to teach your child the importance of money at an early age. It's easier to create lifelong saving habits when the child is young.