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Ok, so my Niece is turning 1 in a few weeks and I had been planning to start some sort of savings for her that would go towards college one day.
I figure I can contribute every year until she gets old enough where I start buying her real presents, then I might contribute less and buy her other stuff.
Anyways, I was wondering if anyone has any ideas on how I ought to go about it?
Some people said like a CD, but I thought those were in once then out after the time is up.
My Aunt used to buy Savings bonds for me and my sisters when we were little, but even at 20 years I did not get full value out of any of them.
Any ideas on something I could open for her and contribute to every year which might grow a bit over 20 years?
I figure I can contribute every year until she gets old enough where I start buying her real presents, then I might contribute less and buy her other stuff.
Anyways, I was wondering if anyone has any ideas on how I ought to go about it?
Some people said like a CD, but I thought those were in once then out after the time is up.
My Aunt used to buy Savings bonds for me and my sisters when we were little, but even at 20 years I did not get full value out of any of them.
Any ideas on something I could open for her and contribute to every year which might grow a bit over 20 years?
