More parents — specifically dads — are shelling out big bucks every month so that their children can pursue their athletic dreams. But that spending could cost you, specifically when it comes to your own retirement.
A new survey finds that 27% of "sports parents" are spending $500 or more each month on their children's activities.
There are steps you should take to make sure extracurricular activities don't interfere with your core financial goals, notably your own retirement.Parents are spending more than on their children's sports with the hopes that they will make it to the big leagues. Yet spending more with the hope that your child will make it big could have consequences for your finances, particularly your own retirement.
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