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Ways to save for child's college education where one need not commit to set contributions? [duplicate]
529 plans.  They accumulate earnings over time and by the time your child goes to college you will be able to withdraw funds for college TAX FREE.  The best part about 529s is that there are several different options you can choose from, and you aren't limited to the plans sponsored by your state, you can use whichever plan works best for you.  For example, I live in South Carolina and use Utah's Educational Savings Plan because it has no minimum amount to open one up and it has low fees.  Hope this helped. Good luck with your search!