Financial advice!! Or share your story!!

So financial planning isn’t quite my forte but when I was younger I learned about CD accounts and how much they can accrue over a long period of time. I promised myself that once I was pregnant I’d put away a sum of money and let it accrue interest over 18 years. I figure I would give it to my kid and allow them to choose between paying for college or their wedding or some kind of big investment in their future/success.

I worked a lot of hours in high school and college and developed great ethic and understood the value of a dollar but sometimes wish I had a little more cushion.

Or maybe a little more cash for our wedding. My parents did an awesome job ensuring I had everything I need—don’t get me wrong. I just want to see if there’s more I can do to plan for a financially sound future.

From what I remember, CD accounts can really build up over that period of time. Or am I off the mark here?

Anyone else have similar plans or know anything about this??