Where Should He Park the Money?

The goal is to create knowledge, reward his interest in the subject, and teach him how to handle his finances when he’s an adult. fizkes/Shutterstock

Dear Dave,

Our son is 13, and he has been doing some part-time work for a friend of the family. He makes $40 to $60 a week, and he would like to begin investing the majority of what he earns. Do you have a suggestion for a good place he could put his money?