Beyond The Savings Bond: Better Ways To Gift Money To Children

My friend Ericka in Florida gave birth to a peach-cheeked bubbly baby girl a year ago, and one of her first gifts was a $50 savings bond from a well-meaning uncle. Of course, Ericka was grateful. Gifting a newborn or child with a savings bond is a classic way to introduce the concept of savings. It says, “Be prudent and patient, for someday this will blossom to its full face value. And you will be glad you have waited.”