My best friend says that she'll take financial responsibility for the kid. Even though she earns as much as two people put together, I still want to help out in some way, even if it is only $150 a week. I'm aiming for the fund to be worth around the $250,000 mark by the age of 21.
The trust fund would help me out too. I'd probably have to subsidise it for the first five years, but after that it would be able to provide a weekly income to the mother of its own accord. It would also help with big costs along the way, i.e. computers for school, school trips, etc. It would pay university fees and provide a weekly income while the kid is studying too.
I'd loved to have finished college with 250k!