London, Nov 15 : Will Smith and wife Jada Pinkett Smith have devised a ‘cool’ way to teach their kids the value of money—they ask them to pay for their own toys and treats.

Will’s kids, Jaden, 10, and Willow, eight, are already following their parents’ footsteps.

While Jaden starred with his dad in ‘The Pursuit of Happyness’ Willow lends her voice to the new Madagascar sequel.

And now, both the ‘I Am Legend’ star and wife Jada Pinkett is hell bent on disciplining their kids as far as money is considered.

"We make it clear to them, ''This is your money and things you want, you''ll be paying for''. Kids have to be very responsible without you having to do it for them,” The Daily Express quoted Jada Pinkett as saying.

She added: "I''m their bank. They have to come to me and write up a little slip when they want to make a withdrawal." (ANI)