Almost everyone has regrets. The biggest regrets adults seem to have all come down to money. Money, it seems, is the root of all stress, worry and self-condemnation.
Financial regrets top the list of concerns most Americans seem to have, as reported in a recent BankRate.com survey of more than 1,000 adults. The biggest money regret is not saving enough for retirement. Almost one in five respondents claimed this as their main complaint. Indeed, when life throws a financial challenge into the fray, we often set aside retirement savings goals in order to overcome that challenge. Eventually, we end up sprinting to catch up.
Other financial regrets reported are: not saving enough for emergency expenses, taking on too much student debt and credit card debt, not saving enough for children’s education, and buying a bigger house than was affordable. All of these are at the front of most adults’ minds almost every day.
Enterprises TV shares some suggestions for easing these regrets – even just a little.
Re-evaluate monthly household budgets to see if they allow adding more savings for retirement and emergency funds. Even one percent of a monthly salary can add up. Avoid using credit cards for everyday purchases such as fuel or groceries, unless the credit card balance can be paid in full before the due date. If there are children in the house, find and take advantage of state sponsored higher education savings plans. Take control of financial regrets today.