When each of our four kids was born, we set up a savings account in their names. Every month, we toss in a bit of money – and I mean a bit, especially now that it’s split four ways – with the idea that one day, when they’re older, we’ll gift them each with whatever we’ve managed to put aside in their name. We haven’t thought out the particulars – maybe it’ll help them pay for their first car or part of a college education, or maybe we’ll just surprise them with it after graduation – but … [Read more...]