When my fourth-grade daughter was a baby, I began to have deductions taken from my paycheck to buy U.S. Savings Bonds. We can't afford to put more than a few hundred bucks a month into the college fund. I'm hesitant to make any specific investment recommendations since I'm not a financial professional. In general, the closer you are to having a child in college, the lower the risk you'll be looking to take on.
Higher returns come with a longer time frame, but also have increased risk.
With eight years to go until your daughter is in school, you might consider having at least part of your college fund in equities. By using this site, you agree to our Terms of Service . Your privacy is important to us. For information, please read our Privacy Policy . All rights reserved.