In keeping with the “Money doesn’t grow on trees, it grows LIKE trees” theme, here’s a quick compound interest fact.
When you find out your kids (or you) are expecting their first child, start saving $50 a month. By the time your grandchild (or child) is 1 yr old you’ll have $1000. Invest it in your grandchild’/child’s name and don’t touch it. When they are 64 years old they can withdraw between $50,000 and $586,000 (5%-10% interest). Either way you look at it, that’s a nice chunk of change!
Don’t believe me? Use this savings calculator to see for yourself 
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