Most parents stash money for their children in a traditional checking or savings account, but there are other options that could pay off in the long run. CNBC’s senior personal finance correspondent ...

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Maryann O'Connor, a single mom who ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

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