Saving for children

I took a saving plan from aia it's educational plus saving plan of 50k at the age of 16yo.

Aye not much? I dunno. They should be able to learn how to fend for themselves by 20

I try to set aside as much as I can monthly. I think $200-$300 is good

I opened bank account for them and put money in monthly

At least $100/month in a separate account