Whether it concerns saving for the future or taking on too much debt, everyone can make financial choices that they face.
A survey has found that half of Brits have financial regrets, including some who wish they had married someone who had more money.
According to a survey of 2,000 people by research firm Savanta, one in eight who admitted they had financial regrets wished they had a richer partner, rising to 19 percent among those in their 70s.
The survey found that 46 percent of respondents had not transferred money to a savings account every month and 43 percent wished they had not spent money on useless things.
While 34 percent wanted to learn about finance at a younger age and 29 percent wanted a better-paying job or career.
According to a survey of 2,000 people by research firm Savanta, 46 percent of respondents had not transferred money to a savings account every month and 43 percent wished they had not spent money on useless things.
Money expert Clare Seal, creator of the My Frugal Year account on Instagram. She said: ‘If you’re hoping to change your financial situation it can be a big, daunting task, so try to break it down into smaller, more manageable tasks’
Other regrets include not paying enough pension each month and wishing they had retired at an earlier age.
The advice respondents would give to their younger selves included living within their means, not spending too much money, not getting into debt and saving a set amount each month.
Jane Nelson, chief executive of the Independent Order of Oddfellows Manchester Unity, which runs investment specialist Unity Mutual, said: ‘The rising cost of living means more and more people are struggling to put money away each month as they have to spend it on cover . instead, the cost of daily living.”
Money expert Clare Seal, creator of the My Frugal Year account on Instagram, suggested: ‘If you’re hoping to change your financial situation it can be a big, daunting task, so try breaking it down into smaller, more manageable tasks.
‘Focus on habits, rather than big gestures, because it’s these small, consistent actions that will make a big difference over time. Even if you don’t feel like you can afford to save enough right now to make significant progress toward your goals, you can still start saving.
‘Once you get into the habit of saving, you’ll find it easier to contribute more once your income increases or your expenses decrease. The same goes for paying off debt, contributing to a pension, or virtually any other positive financial habit you want to start.
“Make new habits easier to maintain by automating them or finding an ‘accountability partner’ — perhaps a friend with similar goals.”