5 Financial Decisions Americans Most Regret

Unnecessary splurges, credit card debt, perpetually buying coffee instead of making it; none of us are immune to being fiscally irresponsible on occasion. But a new study from Bankrate takes things a step further, indicating that most Americans have issues that they consider to be financial regrets. In fact, 83% of Americans have what they consider to be financial regrets.

As for what those financial regrets are, Bankrate asked for a little more detail. Here are the top five financial regrets indicated by the Americans surveyed.

1. 18% say they regret not saving enough for retirement.

The older the survey takers were, the more they regretted not saving up more, with 27% of people over the age of 67 wishing they had saved more for retirement.

2. 13% say they regret not saving enough for emergencies.

Everyone should have an emergency fund, and not nearly enough people do. It seems unfortunately that when it's needed most that the regret sinks in.

3. 9% say they regret taking on too much student loan debt.

Nearly 25% of people under the age of 25 regret taking on too much student loan debt. With prices for education as high as they are, for many students not taking on debt is an impossibility.

4. 9% say they regret taking on too much credit card debt.

Once you're in credit card debt it acts something like quicksand, pulling you in deeper and deeper with interest rates and fees. It's no wonder it's the fourth biggest financial regret for Americans.

5. 8% say they regret not saving enough for their children's education.

Like an emergency fund, this is one of those regrets that is usually felt sharpest when it's needed most.

Take a look at these regrets and do what you can to learn from other peoples' mistakes.