Use the college process as an opportunity to teach financial lessons to your children by getting them involved in the decision-making process around savings and budgeting. By saving early and planning ahead, you and your family will be in a stronger position to tackle all of life's expenses from college to retirement.
The other day I got into an argument with my youngest teenager. He was complaining about our family's strapped financial situation and was quick to point an accusatory finger at me. He understands that I'm a struggling writer trying to earn a buck, but he couldn't resist asking when I was going to get a real job. The argument quickly turned sour.