I have thought about this for quite some time but just never followed through on it. I want to start a savings account for each child and let the kids start adding to it. I would be the co-owner of the account so they couldn't take anything out without my permission. We have collected money for them all along, but put it into a savings account aside from the household account. We will use to this money to start the accounts. I want to teach the kids to save part of all of the money they are given or earn, in a savings account so they won't have to go through everything I did trying to learn how to manage money. I think if I do this now, while they are still young, they may have a chance at learning something I didn't.