Ever since my kids were babies I have been putting 25 a month into an account I deemed “slush account” - not for college, not for anything particular, just so they have some money when they are older. When they get birthday money or tooth fairy money they have put it in as well. The money is in a mutual fund, low fees and now that they are in their teens I am happy to report that these funds have almost 40k! I am not saying this is so much money, but it’s pretty cool how much it’s grown. Would recommend doing this! That’s all folks!