Byline: Rebecca Moore
Summary paragraph: Americans report poor financial habits
Americans admit they are guilty of some bad financial habits, with neglecting to save topping the list. Nearly one-third (30%) of people surveyed by Allianz Life said "not saving any money" was their worst financial habit in 2012. Twenty-four percent said they saved some money but admitted they could have saved more.
Aside from saving in general, 5% of survey respondents indicated they did not contribute to their employer-sponsored retirement plan. Three percent said their worst financial habit was "contributing to my employer-sponsored retirement plan but not taking full advantage of my employer match."
Other "worst" financial habits of 2012 cited by respondents included:
* Spending too much money on things I don't need-30%;
* Not having a household budget-18%;
* Spending more than I make-18%;
* Not educating myself about financial planning-15%;
* Paying bills late-12%;
* Making only the minimum payment on credit cards-10%;
* Playing the lottery/gambling-9%; and
* Failing to seek professional help with my finances-9%.