Greatest Financial Regret Is Overspending
A recent National Foundation for Credit Counseling has found that consumers’ greatest financial regret come from overspending.
Of those surveyed overspending at 54% outweighed other financial concerns, including inadequately saving (18%), insufficiently preparing for retirement (14%), not having bought a house (10%), and having bought a house (5%).
“Although most people have financial regrets, it is important to not dwell on past mistakes,” said Gail Cunningham, spokesperson for the NFCC. “Instead, look forward and take action by constructing a plan that recognizes the realities of the situation, repairs financial damage, and moves in a positive direction toward financial security.”