<p>Here’s an interesting question related to barrons’ comment. Do you spoil a kid by giving too much or too little? Or by giving too much of the wrong things and too little of the right things? In which case, what are the right things?</p>
<p>Another thought: when you shortchange your child, you may shortchange your grandchildren and future generations too, consigning them to lesser lives. When you sacrifice to boost your child to the next level, you may elevate your grandchildren and future generations also.</p>
<p>If you can’t find the money to send your kid to the best school possible but you have found the money for the following, then you have made the Biggest Mistake:</p>
<p>(1) remodeled/sided your home
(2) bought a vacation home
(3) bought a boat
(4) bought new furniture/furnishings more than once in 20 years
(5) bought a wide-screen TV
(6) bought a camper/trailer
(7) spent more than $2000 each year on vacations
(8) had elective plastic surgery
(9) pay for lawn service
(10) spent more than $10K on a car
(11) spent more than $300 per year on clothes
(12) spent more than $50 per month on entertainment
(13) bought new appliances more than once in 20 years
(14) spent more than $50 per year on jewelry</p>
<p>I welcome contributions to Biggest Mistake list…</p>