23. Spending Too Much on your Children’s College
Everybody knows that college tuitions are at an all-time high, and they increase each year too. Also, everyone wants the best for their children, especially by giving them the best education one can afford. However, don’t fall into the trap of spending retirement savings for the college fees, because you will eventually need to depend on your kids, and possibly be a burden to them, because you didn’t save enough for retirement.
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