This will depend on your child’s needs and where they might go to college in the future. If you think your child will go to a public school, you need to save around $250 a month until they are 18. For private schools, you will need to save 5450 a month and for out-of-state schools, you will need to save $450 a month.
If your child has special medical needs or you want the child to be able to do sports or other activities, you will need to save more per month starting when they are born.