So since I started this list, each month I've taken 10 bucks and set it aside for my wife's godson. One I hit $100 I went and bought a $200 savings bond. I'll continue to do this until the kid is 18. Then, we'll take the bonds down and cash em in and give him a nice graduation gift. The first savings bond arrived yesterday!
Unless the kid turns out to be an ass. Then we'll keep it :)