<prompt> Human: So recently I have been curious about investing some money over the next few years so that when my baby cousin grows up he will have money for college but I dont know how or what to invest in. The reason behind this is that I worry about my families financial situation and I am worried of are economic future. Another reason I would like to do this is because my grandmother left me money but my mom spent it all and I now that I am going into college I dont have much money to pay fees and tuition. I want this situation to be avoided for him and save him the trouble of worrying about money when he is going into college if he does. What should I invest in and how much should I invest when I start? At the moment I have 300 dollars to invest.  <response>: If youre in college and having trouble making ends meet, youre not ready to invest money for your cousin. Follow the steps at I have X, what should I do with it? especially starting with the budgeting and emergency fund. That will help keep you out of expensive debt down the road so you can keep more of your money for yourself that you can eventually set aside for your cousin when youve got a career and 401k and all that going. But for now youre in a put on your own oxygen mask first type of situation. Get on the right financial track and youll be all the more able to help your cousin when they get to college. 