You are never too young (or too old) to learn from the Bible.
Debe and I have been thinking of how we could best have a time of studying the Bible together as a family. The challenge of course is 1) keeping the interest of a 3 and 1 year old, and 2) not speaking "above their heads", so they actually learn something.
Well, we came up with "Family Worship Time."
What we do is read 1 story from the girl's Children's Bible. This is a really simplified version of the story and we usually focus on one value (be honest, make good choices, don't be proud, etc.).
We then do a fun activity related to that value. It has been a lot of fun and we definitely recommend studying together as a family.
Here are a few pictures.
Building a tower for the "Tower of Babel"
Make a face game for "Making Good Choices" (Abraham and Lot)
Visual aids for "Abraham and Sarah"