Related Musings. I opened savings accounts for my kids today.

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Registered: 10-06-2010
Related Musings. I opened savings accounts for my kids today.
1
Mon, 11-14-2011 - 4:06pm

Until now, we've tracked their savings as a subaccount in our account. Their amounts have never been high enough for interest to really be a factor, so subaccounting was working fine.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

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Registered: 12-07-2003
That's great. Mind if I thread-jack a second? DH's grandma gives each of the kids $50 for their birthdays and Christmas. We've been buying US savings bonds. Is this a good idea? Or would it be better to just save it in a normal savings account? We have separate 529 accounts, although I suppose I could add it to those accounts . . .