David Redding has noticed one of the major points of frustration with his clients when creating a financial plan is saving for their children’s college education. With college getting more and more expensive, people are struggling to find a way to save for retirement and education. The average tuition of a private institution for one year is $41,426, and the public college average is $11,260 (in-state). Once you include room and board, textbooks, transportation, and meal plans, even attending an in-state public college for four years can cost over $100,000, with a private education costing over a quarter million dollars. The first step Redding recommends is to start a 529 college savings plan early. Something to also consider is whether college is right for your child or if they are ready. With the price being so high, only attending college for a couple years for ‘the experience’ just isn’t worth it. Instead, consider a gap year in between high school and college or trade school.