<prompt> Human: Im lucky enough to have a well paying job and a relatively low mortgage. Im able to put away at least 1k per month after bills, 401k, etc. Just wondering what I can do now to help my child out in the future. Thanks in advance.P.S. Happy holidays everyone.  <response>: 1. Protect your childs future by buying sufficient term life insurance for you and your wife to protect against the loss of one or both of you before your child is independent. The rule of thumb would be 25 year level term insurance to the value of each of your salaries. Term insurance is pretty cheap.2. Protect your childs future by ensuring that you are saving enough for retirement and have a good emergency fund.3. If those are taken care of, you might want to invest for your childs future in a brokerage account, or in a 529 plan.Good luck. 