By Andrew Latham, SuperMoney
Everybody expects you to mess up during your roaring 20’s. After all, you still have time to set things right. Making money mistakes when in your 30’s is another matter altogether. Financial blunders in your 30’s can haunt you for decades to come. These are the most common mistakes people make in their 30’s that affect them during their 40´s and beyond.
Spending Too Much on Your Kids
While it is okay to give your children a treat from time to time, many of us get carried away. In the United Kingdom, parents spend an average of $438 a year on toys alone for every child. For a family of three, that adds up to over $1,300. The US is only slightly behind, with an average expenditure of $371 per child. Reduce your child’s toy budget and start a college fund instead.