Paying for College: Start a 529 Plan for Your Kids Today
A bit of unsolicited advice for parents of young kids: start saving for college now! With two kids in college, we have a lot of money going out the door each month. Room & board, tuition, books, laptop, car, etc. can create a strain on any parent's budget. The average cost of sending a student to a public university (tuition and board) is over $22,000 per year. And it will only go up because costs associated with college move at a rate much higher than inflation. But you can make it easier if you start your kid's college savings when they're very young (the day you bring Sport home is ideal).