PLYMOUTH, Minnesota — We all try our best when it comes to our finances, but no one is perfect.

From overspending to ignoring our debt, a new study reveals Americans are making an average of eight financial fails or bad decisions with their money each month. Experts agree that a lot of the money missteps are due to a lack of education.

Nick Foulks, the lead adviser at Great Waters Financial, wants to help. Foulks says overspending is one of the most common financial fails; more than half of people admit to spending more than they should, and another 38 percent of people admit to not saving enough.

“Recognizing our shortcomings and committing to making a change is the first step to improving our financial situation," Foulks says.

Frequent financial fails:

  • Failing to save
  • Failing to plan
  • Failing to deal with debt
  • Failing to get educated