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Reply to "What to do with child's savings?"
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[quote=Anonymous][quote=Anonymous]I just stick it in a savings account. We are covering the 529 plan, so unless someone specifically says that it is for colleges we just save it in a regular account. [/quote] I would do this too. This is what my parents did for me, and when I was 13 and babysitting, let me have control over the account. I used it fairly wisely and learned about tracking expenses. I used it mostly for fun stuff in college. I didn't get an allowance, so if I wanted to go to the movies as a teen I had to use this money. I don't know that I will do that to my DD, but I am good with my money now. [/quote]
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