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I also trying to persuade my niece to have a piggy bank. In this way, she can know the importance of saving money. It is an old school way, but it is an effective one.it should be a skill to make or save money. Yes they are different ways to make money online and the child should know about them.
If he learned this do you think this will contribute anything good to him while not learn a skill you can sell later for money like graphic design and crypto tradingA child should learn how to play games online to make money. That is about the easiest way for even 7 year olds to earn online.
If the child if brave enough I will suggest you learn how to design a game but you will need to master some game App and coding but if you can master those skill you will sell one at better costMost children are very interested in the playing of online games and the coding for that matter.