Don’t Waste Your Money & Time Doing These 35 Retirement Mistakes

32. Prioritizing Your Child’s Education Over Retirement

Many parents want to save money for their children’s education; however, if you’re contributing to a college fund rather than a retirement account, you might be putting your own future in jeopardy. While there are various options to help your child pay for college — such as student loans, scholarships, grants and work-study jobs — you probably can’t take out a loan to cover your retirement.