Do some research on 529's. They are great for college and if you save the history you can show how money grows in the market and just how important saving is. The money stays yours in case they get a scholarship because you don't need a college kid with some large sum of money to blow. They are different by state. Michigan's is good and I think Colorado as well. Otherwise I would say start gifting money but I don't think that's a good plan unless you are certain about responsibility and mega rich. Just my opinion though. Looking forward to others but that's what I'm doing for my 2.5 yr old.
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