When my 13 year old got her first baby sitting check, a range of emotions ran through me. I was happy, proud as a mother hen could be and also a little worried as I thought of how my “baby” was so grown up that she could take care of other “babies”! As she made plans to deposit that money in her UGMA Bank Account, I realized I had an idea for my next blog post!

Like I said, my kids like any self-respecting accountant’s children, were equipped with UGMA Accounts at a tender age. It’s never too early to start saving, I find that it’s also never too early to start teaching about the importance of being financially responsible! It can however be a little overwhelming when trying to decide what account to open for your child. Read More