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Over Half Of Americans Make This Serious Mistake With Their Financial Planning

It’s stressful when you don’t feel financially organized or prepared for the future. Financial planning is the solution to this, but it’s becoming a lost art. Americans are spending less time on financial planning, according to research by The Motley Fool Ascent.

To make it even worse, over half of Americans don’t engage in financial planning regularly. Just 46% do so, while 30% said they only make financial plans before a large purchase or investment. And 24% go with “crisis budgeting,” which is financial planning only when dealing with an unexpected expense or a loss of income.

If you’re in the group that doesn’t regularly make financial plans, it’s worth changing that. This is one habit that can make a big positive impact for you.

This post originally appeared at The Motley Fool.