Newsflash: We all make money mistakes sometimes.
The trick is to know what they are, and to improve upon them on the road to building wealth.
If you think you're the exception to the rule, take a look at the points below — you might not be as flawless with your finances as you think.
SEE ALSO: 13 signs you're better with money than you think you are
You don't know how much you earn or spend.
A 2015 study from the National Foundation for Credit Counseling and personal finance site NerdWallet found that less than half (40%) of Americans say they keep close track of their spending and maintain a budget.
If you don't know how much money enters and leaves your bank account each month, you're setting yourself up for disaster, in the form of overdrafts, overspending, and debt.
It's simple math: If you're spending more than you earn, you're going to be in debt. And if you don't even have the numbers to plug into that equation, you could be in for a nasty surprise.
You don't have to know down to the cent (we believe you can give yourself $.50 of wiggle room), but you should be able to be more specific than "I earn $90,000 a year, my mortgage is $2,000 a month, and I probably spend a few hundred bucks on food."
"Probably" isn't going to cut it.
How to improve: Start keeping a record of your income and expenses. You can use an app like Mint, LearnVest, or You Need a Budget, an Excel spreadsheet, or even a pen and paper, if that's your style. Knowing how much money it takes to sustain your lifestyle is key.
Once you know how much you earn and how much you spend, some simple arithmetic will reveal how much you can afford to save, invest, or spend on high-tech headphones.
Bonus points if you've progressed beyond tracking your income and spending to establish a monthly budget. (For tips, check out these real people who keep diligent budgets.)
You're carrying credit card debt.
Debts can largely be lumped into two categories: good and bad.
Good debts come from investing in your future, such as buying a house or taking out loans for a college degree. Bad debts, along with typically high interest rates, don't help you build wealth or assets.
The prime example of bad debt is credit card debt, and if you have it, you've joined the ranks of the 34% of Americans who do. In fact, the US is on pace to have nearly $900 billion of credit card debt by the end of 2015.
How to improve: Make paying your credit card debt a priority. Because of the debt's high interest rate, it has the potential to quickly spiral out of control, costing you thousands more in interest.
Take a look at 13 tips from people who paid off thousands of dollars of debt for inspiration and ideas.
You're surprised by your bills each month.
A 2015 study from the Pew Charitable Trusts found that 55% of Americans either break even or spend more than they make each month.
Just meeting your obligations each month is also known as "living paycheck to paycheck," and it isn't a sustainable strategy. If you have just enough to pay your bills, what will you do if there's an emergency cost like a hospital bill or car repair? How will you save for grad school, or take a guilt-free weekend away to decompress?
We all know this, on some level: A 2015 survey from GOBankingRates.com found that 20% of Americans fear living paycheck to paycheck.
How to improve: There are two ways to loosen the strings on your cash flow: Earn more money, or spend less. If you go the first route, take a look at tricks to negotiate a raise and ways to make extra cash while working full-time. If you're aiming to spend less, consider making a big impact by reducing your largest costs, like your rent or transportation, on top of spending less on a daily basis.
See the rest of the story at Business Insider