<prompt> Human: Not financially educated, but would like to save for my neices future. My thinking: have the family7ppl chip in 20month till my neice is 18 into an account. 140x12 1680 x18 30,240. Is this a good idea or am I just stupid? Help.Assistant: Great idea. But good luck having anyone else in the family like the ideaHuman: Thats what I dont get, why wouldnt they like it?  <response>: I think its a good idea for you to do for her. But without knowing the details of the 6 other people, its unfair to expect them to comply. Asking someone to contribute X amount of dollars is one thing, but requesting a set dollar amount that they have to commit to for 18 years is another. Not to mention theyd certainly feel obligated to if they were told X amount of people are already on board.Plus, how far does this go? If each of the 7 contributors have kids of their own, is everyone else obligated to do the same thing for each others kids? All this is to say that its nice if you want to contribute, and mention to the other 6 that they are welcome to contribute also if they would like. Id pitch in if that were the case, but not if someone set out a scheduled plan for me to follow. 