Bonds are also useful for building money for your child although the sum you invest is usually tied up for a set period of time but you do know in advance what the interest rate and return will be. Patience is the key to investing in bonds as the money is tied for the period arranged at the beginning. Although some bonds can be just for a year, the usual time for them to run is around three years but it is not uncommon for people to invest in bonds that last over a decade but these should really be forgotten about as huge financial penalties befall those who withdraw before they mature. While finances for our children is important, going to a good montessori school is also a good option.