Top Three Financial Security Roadblocks

A new survey revealed the three most common practices among Americans that are keeping them from being financially secure.

For 70 percent of Americans, it was living beyond their means, according to the Principal Financial Group. The other most common causes of financial insecurity are people not saving enough money (66 percent) and fear (62 percent).

Being financially insecure can lead to consumers making unwise monetary decisions. Maxing out credit cards and taking out loans they can't afford can ultimately cause much strife, with the most likely end result being debt negotiation or relief.

More than half of Americans don't put away enough for retirement or seek monetary advice. In order to build up a person's financial well-being, experts are advising that consumers pay down their debt, save more money, and spend less, PFG said.

Seeking out a financial advisor can help consumers get a better hold on their life. "Financial advisors are critical in the financial recovery process of their clients," PRG senior vice president Timothy Minard said.

Before seeking out professional financial advice, consumers should research their different options and get recommendations from friends and family members.