If you do end up needing a portfolio - for a summer program, contest, scholarship application, or anything else - there is nothing worse than facing a stack of college admission applications... and realizing you haven't kept track of awards, projects, or even well-written English and history papers. Having concrete examples of student work and accomplishments easily on hand will make your family life much less stressful, especially if you aren't having to hunt through boxes in the attic to meet a last-minute deadline.