Make These Moves to Bounce Back from Money Mistakes

Americans make plenty of mistakes with their money, which may help explain why the financial advisory sector and the debt collection sector are thriving these days.

The thing is, money mistakes are common and almost always self-inflicted. According to a recent survey by DepositAccounts, 85% of Americans admit to having made mistakes with their finances over the past 10 years.

Of course, some mistakes are bigger than others.

The same survey shows “the worst” financial mistake of the last decade was racking up credit card debt (23%), followed by not saving enough for retirement (16%), spending beyond their means (16%), and paying bills late (8%).

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