What are the most common financial mistakes Americans make?

Financial mistakes are common, and many people share similar concerns when reviewing their choices. Overspending, neglecting to save for emergencies, or making impulsive investments can all result in stress.

While some mistakes depend on personal circumstances, experts agree that many can be avoided with careful planning. For example, not sticking to a budget can lead to overspending and instability.

Common financial mistakes many Americans make include:

• Not having an emergency fund

• Failing to budget or save for retirement

• Neglecting credit scores

• Overspending and careless spending

• Not investing or saving for emergencies

• Overusing credit cards

• Upgrading cars

• Accumulating debt

• Living beyond means without financial goals

• Delaying retirement savings

• Rushing into home purchases

• Poor tax planning

• Going into debt for school