Little boy and his mother inserting money into piggy bankFinancial experts say that all of us make money mistakes in certain situations. Similarly, moms also make financial mistakes. The most common money blunder is that most of them often neglect their retirement fund. Other frequent money mistakes along with their solutions are mentioned below:
Giving Priority to Kids' College Fees
Many parents invest all their savings into their kids' college education. At the same time, they have to repay their debt. Therefore, most moms do not save for their retirement because they want to prioritize well in limited financial resources. However, they forget that saving for their golden years is more crucial as compared to spending only on their children's education.
Financial experts recommend parents to consider their future first. You will not look selfish at all. Planning for retirement is something everyone should consider. Secondly, that is how you can do something good to your entireRead More »from Top 5 Money Mistakes Moms Make