You can't expect people to always manage their money well.
Logan is starting a college fund for his son and is telling his son about it.
Logan wants to create a bank account for his son's college fund.
Logan opens the account but only gives himself access to it, planning to change access rights later.
Logan opens an account and gives his son full access to it, so he doesn't need to change access later.
Logan saves up a lot of money and his son goes to college without problems.
Logan's son pilfers the account to buy petty things and has nothing left for college.