Husband and I would like to begin investing for our 1 year olds future. We make in combination ~$160k annually, this is subject to change in the near future to around $200k. Mortgage is $30k annually, all other expenses including utilities, bills, veterinary, childcare, medical, dental etc cost about $50-70k annually (but this can vary greatly depending on emergencies, appliance failure, car issues etc).
We feel like we are living paycheck to paycheck despite making more than our annual costs of living. How would you recommend beginning to invest for our child’s future with this minimal information?