Great idea from another: "Mother & Child Mini Interview. Would be cute to do every year on your child's birthday. Put it in a binder with a letter to your dear one each year. Give them the binder when they are all grown up. This is soo sweet!
Write a letter to your child or grandchild each year and include money for grad gift. I like this idea of writing a letter, and even adding money, but I think it'd be better to go longer than a grad gift. Wedding, first home, first child?