Every year I devote a column to meaningful gifts for children of all ages — gifts that might grow in value or spark an interest in financial matters, or just be a relief from the online games that take up so much of their time. 529 college savings plans In a recent column, which can be found at my website, TerrySavage.com, I detailed the importance of opening a 529 college savings account for children or grandchildren, and making regular contributions at holidays or birthdays.