Both have served me well. Also, put it in at least two different hiding places where the discovery of one won’t lead to the other. Either way good luck. Becker gives his clients the same advice, especially when it comes to saving for college. However, it also means it’d be safe from you for your general spending, but maybe that’s a good thing as you will want to save for later someday, might as well start now! With this type of account, the minor is the sole legal owner of the money in the account, not the adult custodian.