Something that may be an interesting way for him to save is to get shares in something he likes. Disney has a shareholder program where an adult can setup an account in the name of a minor. I did that for my nephew when I became his godfather. The initial investment was $250 USD at the time, and then you can top it up $50 USD at a time.
We've doubled our money in 5 years, as we have it set that dividends just go to purchase more shares.
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