How are you going to reach this goal?  Many kids get money for their birthday or for doing their chores.  Talk to your parents about how you can make money to reach your savings goal.

Once you have figured out how much money you need to reach your goal, you can track it by marking your progress on a goal sheet (PDF). This may also help keep you motivated to save your money because you can watch your progress as you get closer to your goal.

Eventually, you and your parents may want to open a savings account for you so you can start saving money at a bank.  There are advantages of putting your savings in a savings account.  One reason is because you will not misplace the money.  Another reason is because you can earn interest.

Interest is money that the bank pays you for keeping your money in that account and it will keep growing over time.  For example: if you deposited $100 into a savings account, in 5 years you could have as $110.  The more money that you deposit the more interest you receive.