So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
Yes, bitcoin will help them a lot on saving money. Bitcoin will teach them how to value money how hard or easy the money to earn. Because it will help you know how to be patient and how to be thrifty.